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Eni SpA (E.N)

E.N on New York Stock Exchange

32.12USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

BRIEF-Fincantieri signs Memorandum of Understanding with Eni (May 29)
5:04am EDT 

Repeats May 29 brief to additional subscribers with no changes to text:SAYS SIGNED MEMORANDUM OF UNDERSTANDING WITH ENI TO COLLABORATE IN RESEARCH AND DEVELOPMENT, INCLUDING POSSIBLE.STUDIES IN THE FIELD OF ENERGY SYSTEMS, WITH PARTICULAR REFERENCE TO THE NATURAL GAS TRANSPORT CHAIN.  Full Article

Eni CEO says retail gas unit is not for sale
Thursday, 11 May 2017 12:18pm EDT 

May 11 (Reuters) - Eni Chief Executive Claudio Descalzi says: :the group's retail gas unit is not for sale.company has no intention to exit Venezuela, situation "not easy"..  Full Article

Eni expects production at Val d'Agri Italian field to restart end-May or early June
Wednesday, 10 May 2017 06:53am EDT 

May 10 (Reuters) - An Eni manager says in a conference call on Q1 results::expects production at its Val d'Agri Italian field to restart end-May or early June providing all authorisations are secured in time.  Full Article

Italy confirms 12-mile ban on offshore oil and gas activity
Wednesday, 12 Apr 2017 09:11am EDT 

Italy's Industry Minister Carlo Calenda says: confirms ban on new oil and gas extraction activity within 12 miles of Italian coast Further company coverage: [ENI.MI] (Reporting by Milan Newsroom).  Full Article

Eni to boost Goliat field reserves by 7.5 mln barrels
Thursday, 30 Mar 2017 05:20am EDT 

Norwegian Petroleum Directorate said: Two wells will be drilled from Eni's Goliat field to start production from Snadd discovery . The Snadd reservoir is located between the two reservoirs from which Goliat is already producing (Realgrunnen and Kobbe) . Says Snadd will increase oil reserves on Goliat by 7.5 mln barrels of oil equivalents to about 200 mln barrels . Says operator Eni expects to start production from Snadd in 2017 . Says more prospects which can be tied in to Goliat have been identified in the area, but further studies are needed to determine if they are commercial Source: http://bit.ly/2mRYJzu Further company coverage: [ENI.MI] (Reporting By Nerijus Adomaitis, editing by Terje Solsvik) ((nerijus.adomaitis@thomsonreuters.com;)).  Full Article

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

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