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Eni SpA (E.N)

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Latest Key Developments (Source: Significant Developments)

TechnipFMC wins contract in Ghana
Tuesday, 21 Mar 2017 02:00am EDT 

TechnipFMC : TechnipFMC has been awarded a contract by ENI Ghana E&P Limited (a subsidiary of ENI, GNPC and Vitol), for the onshore part of the OCTP development of the Sankofa field, offshore Ghana. .The contract will be mainly executed by the teams of TechnipFMC in Ghana. The project is scheduled for completion by mid-2018..  Full Article

Eni drills dry well in Barents Sea
Thursday, 16 Mar 2017 03:40am EDT 

Eni Spa : Norway Petroleum Directorate: dry well about 80 kilometres northwest of the Johan Castberg discovery in the Barents Sea – 7318/12-2 . NPD: license 716 is operated by Eni , which holds a 30 pct stake . Other license participants are Bayerngas, Faroe Petroleum and Petoro with 20 pct each and Point Resources with 10 pct . The primary exploration target for the well was to prove petroleum in Middle and Lower Jurassic reservoir rocks (Stø and Nordmela formations) . The secondary exploration target for the well was to prove petroleum in Upper Triassic reservoir rocks (Fruholmen and Snadd formations). Drilling to secondary exploration targets was contingent upon discoveries in the primary exploration target . Well 7318/12-2 encountered about 60 metres of dense sandstone rocks in the Stø and Nordmela formations . This is the first exploration well in production licence 716. The licence was awarded in 2013 in the 22nd licensing round . The well will be permanently plugged and abandoned .The nearby Castberg is operated by Statoil Full Article

Eni CEO says not interested in large acquisitions
Wednesday, 15 Mar 2017 08:00am EDT 

Eni Chief Executive Claudio Descalzi tells investors' presentation: Not interested in large acquisitions, present size is good . Has received interest in its fields in Congo, Ghana, Angola but "we are not actively talking to anyone yet" Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Eni CEO says will likely exit from Saipem, now not the right moment
Wednesday, 15 Mar 2017 07:33am EDT 

Eni Chief Executive Claudio Descalzi tells investors' presentation in Milan: The group will likely exit from oil contractor Saipem but now is not the moment . At the moment there is absolutely no idea of selling chemical unit Versalis Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Exxonmobil to acquire 25 pct interest in Mozambique Area 4 from ENI
Thursday, 9 Mar 2017 06:00am EST 

Exxon Mobil Corp: Exxonmobil to acquire 25 percent interest in Mozambique Area 4 from ENI . Exxonmobil - the agreed terms include a cash price of approximately $2.8 billion. . Exxonmobil - to acquire from ENI a 25 percent indirect interest in the natural gas-rich area 4 block, offshore Mozambique . Exxonmobil - ENI will continue to lead the coral floating LNG project and all upstream operations in area 4 .Exxonmobil - Exxonmobil will lead the construction and operation of natural gas liquefaction facilities onshore.  Full Article

Eni CEO says Libyan gas production for Italy can be doubled
Wednesday, 8 Mar 2017 10:21am EST 

Eni CEO Claudio Descalzi says in a parliamentary hearing: Libyan gas production to be sent to Italy can be doubled . Seizure of oil bloc OPL-245 by court in Nigeria will have no impact on Eni over next three years Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Amec foster Wins 50 mln euro contract for hydrogen plant in Italy
Wednesday, 8 Mar 2017 06:05am EST 

Amec Foster Wheeler Plc : Amec foster wheeler wins ENI contract in excess of 50 million euros for 'green' refinery conversion . Been awarded contract in excess of 50 million euros by ENI SPA for new steam reforming plant for hydrogen production at Gela, Italy. .Company's role is expected to be completed in q4 of 2018..  Full Article

Eni buys 50 pct of Block 11 concession in offshore Cyprus
Tuesday, 7 Mar 2017 09:46am EST 

Italian oil and gas group Eni says: Strengthens presence in Cyprus offshore with finalisation of farm-in agreement with Total to buy 50 percent interest in Block 11 offshore Cyprus. Total remains operator of the block . Deal gives Eni right to explore area of 2,215 square km, next to Zohr field in Egyptian offshore . Block 11 exploration well expected to be drilled this year . Awarded right in December to be operator of Block 6 offshore Cyprus with a 50 percent stake in partnership with Total and to acquire a 100 percent stake in Block 8. Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Eni says 60 pct of disposal target will be in 2017-2018
Wednesday, 1 Mar 2017 07:00am EST 

Italian oil and gas group Eni Chief Financial Officer Massimo Mondazzi tells an analyst call: 60 percent of the 5-7 billion euro disposal target will be in 2017-2018 . there will be a transaction in the weeks to come . sale of gas & power business and Saipem stake not included in disposal targets Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Eni CEO says "not far" from deal on selling stake in Mozambique field
Wednesday, 1 Mar 2017 06:44am EST 

Eni CEO tells analyst call: "Not far" from deal on selling stake in Mozambique field . IN a position to double its gas production in Libya Further company coverage: [ENI.MI] (Reporting by Milan Newsroom).  Full Article

More From Around the Web

Mozambique to get $350 mln in tax from Eni-Exxon deal

MAPUTO Mozambique will get $350 million in capital gains tax from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to Exxon Mobil Corp, senior tax official Anibal Mbalango said on Tuesday.