(Bloomberg) – A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni SpA and Shell Plc to allow the companies to finally develop a prized deepwater oil license.
Italy’s Eni could take over Chevron’s stake in and operatorship of the Indonesia Deepwater Development (IDD) gas project by mid-2023, a senior Indonesian energy ministry official said on Tuesday.
The Chief Executive Officer of the Petroleum Commission , Egbert Faibille Jnr. has stated that the unitization of Springfield and ENI Sankofa fields has been declared.
Given that Libya has exhibited all the stability of a puff adder on benzedrine since the West removed its longstanding leader, Muammar Gaddafi, in 2011, it is little wonder that it has found attracting foreign investment into its flashpoint oil and gas sector a tad tricky since then.
The Ministry of Energy has terminated negotiations with four oil companies after more than two years of unfruitful negotiations for petroleum agreements over their respective blocks.
ENI has expressed its satisfaction with the decision of the Milan Court of Appeal which, confirming in the first degree, rejected the appeal made by the Nigeria Civil Party aimed at obtaining compensation for the procedure on the acquisition of the OPL 245 block and required Nigeria to pay legal fees.
Italy’s Eni and its partner TotalEnergies have made a significant gas discovery in Block 6, offshore Cyprus.
The company estimates reserves of 70.8 bcm (2.5 tcf) of gas in place, with significant upside through further exploration.
Eni has acquired an FLNG vessel from maritime asset holder Exmar Group for work on the offshore Marine XII block in Republic of Congo, the Italian super-major announced on Friday.
Matthew Opoku Prempeh, has fired salvoes at the Minority in Parliament about their claim of a possible $7 billion judgement debt against Ghana