Tag: Eni

Eni reports profit surge in full year result
Energy

Eni reports profit surge in full year result

Eni reported that it achieved more than double of its previous year profit in its full year report after achieving record production levels. Its full-year production averaged 1.82 million barrels per day, up by 3.2% year-on-year − the company’s highest ever level. The Italian oil firm’s highlights from last year […]

Eni’s Versalis partner Bridgestone on guayule development
Global

Eni’s Versalis partner Bridgestone on guayule development

Versalis, Eni’s chemicals company, and Bridgestone Americas, have signed a strategic partnership agreement to develop and deploy a comprehensive technology package to commercialize guayule* in the agricultural, sustainable-rubber and renewable-chemical sectors. The partnership combines Versalis’ core strengths in guayule research, commercial-scale process engineering and market development for renewables with Bridgestone’s […]

Eni seals exploration contracts in Lebanon
Energy

Eni seals exploration contracts in Lebanon

Italian energy giant, Eni said it has signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The company said in a statement that the agreements are the result of the first International Competitive Offshore Licensing […]

Eni makes oil discovery offshore Cyprus
Energy

Eni makes oil discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The company said […]

China’s Sinopec to adopt Eni’s EST technology
Energy

China’s Sinopec to adopt Eni’s EST technology

Eni said it has sold the licence and basic engineering project to the Chinese company Sinopec, for the construction of a refining plant based on the Eni Slurry Technology (EST). The plant will be built at the Sinopec refinery in Maoming, in Guandong province. Sinopec, the world’s largest operator in […]

Eni hits all-time oil production record
Energy

Eni hits all-time oil production record

Eni said it has reached its all-time production record of 1 million and 920 thousand barrels of oil equivalent per day (boe/d). The company in a statement said that its integrated exploration and development model developed in recent years seem to be the key factor. In 2017, Eni started production […]

Energy

Exxon acquires LNG assets in Mozambique from Eni

Exxon Mobil Corporation said it has completed a transaction through ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to […]