United States

Eni SpA (E.N)

E.N on New York Stock Exchange

24 Oct 2016
Change (% chg)

-- (--)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Statoil sees investment decision for Trestakk field soon
Tuesday, 18 Oct 2016 05:01am EDT 

Statoil Asa : A final investment decision for the Trestakk oil and gas field in the Norwegian Sea is coming soon, Statoil's head of technology, Margareth Oevrum, told an energy conference in Oslo on Tuesday . Statoil and its partners earlier this year picked a subsea concept that would reduce the investment cost by 30 percent compared to their initial estimate [nO9N13M02C] . Partners in the field are Exxon Mobil and ENI Further company coverage: [STL.OL] (Reporting By Joachim Dagenborg, writing by Stine Jacobsen, editing by Terje Solsvik) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Eni CEO says equity production in Libya over 300,000 bpd
Tuesday, 20 Sep 2016 07:00am EDT 

Eni Chief Executive Claudio Descalzi says: equity production in Libya remains over 300,000 barrels per day . reiterates Kashagan production to start in October, sees ramp up over 4-6 months to peak production at 370,000 boed Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Norway labour minister: no need to change offshore safety regulation after Eni incident
Tuesday, 6 Sep 2016 06:50am EDT 

Norway Labour Minister Anniken Hauglie told reporters after meeting with the head of the Norwegian oil safety regulator on Tuesday regarding the ongoing outage at Eni's Goliat platform, the only installation producing oil in the Norwegian Arctic: Expects Eni to resume production at Goliat field only after it can ensure operational safety . Says oil safety regulator chief told her current offshore safety regulation is sufficient . The minister told Reuters that there is no need to change offshore safety regulation in Norway at the moment . Output from the field has been shut since Aug. 26 when the Goliat rig was hit by a power failure [nL8N1B802Z] . Eni told Reuters on Monday that Goliat would remain shut until at least Sept. 9 [nO9N19F01T] Further company coverage: [ENI.MI] (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche) ((gwladys.fouche@thomsonreuters.com;)).  Full Article

GasTerra lifts seizure on Eni assets in gas contract case
Thursday, 1 Sep 2016 12:43pm EDT 

Italy oil major Eni says: has reached agreement with GasTerra regarding gas supply contract arbitration proceedings . has provided alternative security to GasTerra by means of a bank guarantee . following this move, GasTerra has lifted provisional seizures, including the one regarding Eni's stake in Eni International BV . after an arbitrations proceedings decision earlier this year GasTerra had seized Eni assets, including its stake in Eni International BV, to the tune of 1.01 billion euros Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Eni sees no reason to change target for asset sales
Friday, 29 Jul 2016 09:01am EDT 

Italy's oil major Eni conference call on Q2 results: CFO sees no reason to change disposals target of 7 billion euros in the period up to 2019, of which 5 billion euros in first two years . CFO says some talks on asset sales are "at very advanced stage" . CEO says looking to sell 20-25 percent of Area 4 field in Mozambique, intends to keep operatorship and control . CEO says focusing on improving efficiency at Versalis chemical unit, no talks under way for any sale . CEO says there is no need at present to sell the group's retail gas assets . Executive says expects production at Kashagan to be 230,000 barrels/day end 2016, no shut downs in 2017, production to reach 370,000 barrels mid-2017 Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Eni shares lower after Q2 loss
Friday, 29 Jul 2016 02:07am EDT 

Italy oil major Eni:shares down 1.2 percent at 0710 GMT after the group reported a second-quarter adjusted net loss, missing expectations.  Full Article

Exxon said in advanced talks with Eni over Mozambique gas stake - Bloomberg
Thursday, 28 Jul 2016 06:05am EDT 

:Exxon said in advanced talks with Eni over Mozambique gas stake- Bloomberg, citing sources.  Full Article

Italy has no plan to further cut stakes in Eni, Enel, Terna - PM
Thursday, 23 Jun 2016 08:20am EDT 

Italian Prime Minister Matteo Renzi says: Government not planning to further cut its stakes in oil and gas group Eni, utility Enel, power grid company Terna (Reporting by Milan Newsroom).  Full Article

Eni inks production license deal with Algeria
Tuesday, 21 Jun 2016 10:28am EDT 

Eni says: CEO Claudio Descalzi meets Algeria Minister of Energy Noureddine Bouterfa . CEO signs agreement to extend production licenses for the ROD reservoir, its satellite fields and three fields in Block 403, seen as particularly important assets . aim is to strengthen partnership between Italy and Algeria and between Eni and Sonatrach . hopes for closer cooperation with Algeria to relaunch gas development projects in existing concession areas and embark on new renewable energy activities Further company coverage: [ENI.MI] (Reporting by Milan newsroom).  Full Article

Niger Delta Avengers militant group says it blew up Obi Obi brass trunk line belonging to Agip ENI
Friday, 10 Jun 2016 04:38am EDT 

: Niger Delta Avengers militant group says it blew up Obi Obi brass trunk line belonging to Agip ENI (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Eni talking to Mozambique gas field buyer but no deal yet

MILAN, Oct 20 Italian oil and gas group Eni confirmed on Thursday it was in talks with a buyer for a stake in its Area 4 gas field in Mozambique but said a deal had not yet been reached.