Eni SPA is combining its upstream oil and gas business in the United Kingdom with Ithaca Energy PLC, in a transaction expected to potentially give the Italian energy major a leading position in the UK continental shelf (UKCS).
However, the deal excludes Eni’s East Irish Sea assets and carbon capture and storage activities.
Exploration well Yopaat 1 authorized in Eni’s Area 9 deepwater Gulf of Mexico
Plans to develop production cluster with Yopaat and two other wells in Area 10
Drilling scheduled mid-May to late July with possible sidetrack to August
Guido Brusco, Chief Operating Officer Natural Resources, Eni will speak at the 2024 edition of the Angola Oil&Gas (AOG) Conference&Exhibition – taking place October 2-4 in Luanda under the theme Driving Exploration and Development Towards Increased Production in Angola. Through Azule Energy – a joint venture with energy major bp – the company has an extensive footprint across the Angolan oil and gas market and is looking at accelerating investments across the value chain.
Guido Brusco, Chief Operating Officer Natural Resources, Eni will speak at the 2024 edition of the Angola Oil & Gas (AOG) Conference & Exhibition – taking place October 2-4 in Luanda under the theme Driving Exploration and Development Towards Increased Production in Angola. Through Azule Energy – a joint venture with energy major bp – the company has an extensive footprint across the Angolan oil and gas market and is looking at accelerating investments across the value chain.
Caprock Group LLC purchased a new stake in Eni S.p.A. (NYSE:E – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,291 shares of the oil and gas exploration company’s stock, valued at approximately $214,000.
Energy Minister Giorgos Papanastasiou announced Wednesday that hurdles in the development plan for the “Aphrodite” gas field have been overcome, marking progress in Cyprus’ energy ambitions.
Tuesday’s Piazza Affari continued trading in the green — with the point bar above 38,800 — after the prolonged Easter break, awaiting important economic data including the U.S. JOLTs report later in the week for more clues on what might be the next moves by central banks.
‘Right strategy, wrong price’. That’s the headline from a research note penned by American investment bank Stifel on Ithaca Energy PLC (LSE:ITH)’s proposed acquisition of North Sea assets from Italian oil giant ENI for an estimated $1.1 billion.
Italian energy major Eni has renewed its membership in the MIT Energy Initiative (MITEI) as a founding member until the end of 2027. The company said in a media release that this step reaffirms its commitment to the field of low-carbon energy research.