Eni has made a significant gas and condensate discovery offshore Ivory Coast after drilling the Murene South-1X well in Block CI-501, confirming the potential of the Calao channel complex.The discovery, named Calao South, is estimated to contain up to 5.0 trillion cubic feet (Tcf) of gas and 450 million barrels of condensate, equivalent to approximately 1.4 billion barrels of oil.It represents the country’s second-largest discovery after Baleine…
Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place.The well, located in the offshore Lower Congo Basin…
QatarEnergy has won an offshore exploration licence in Libya, the company said on Wednesday, after Libya’s National Oil Corporation awarded exploration and production rights for offshore block O1 to a consortium led by Eni, the operator with a 60% stake, alongside QatarEnergy holding 40%.(Reuters)
Libya on Wednesday awarded oil and gas exploration blocks to foreign oil companies, including Chevron, Eni, QatarEnergy and Repsol, in its first licensing round in nearly two decades as it seeks to revitalise the sector despite ongoing political division…
The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country.Washington has relaxed sanctions on Venezuela's energy industry since U…
Oslo-listed Vaar Energi, majority-owned by Italy’s Eni, kept its quarterly dividend unchanged on Tuesday after lifting its output target and posting a higher-than-expected operating profit, even as weaker oil and gas prices weighed on earnings…
Eni has shipped the first liquefied natural gas (LNG) cargo from Phase 2 of the Congo LNG project, marking the start of LNG exports from the Nguya floating liquefied natural gas (FLNG) unit offshore Congo.With the start-up of Phase 2, the Congo…
Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil.Companies are restocking their oil…
Offshore seismic services firm Shearwater Geoservices has secured a 3D seismic acquisition contract by Eni, covering the PSC TL SO 22-23 area in the Timor Sea.The project comprises approximately 1,500 square kilometers and is scheduled to commence late in the first quarter of 2026…
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production…
U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela's energy sector, four sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to…
Italy's Eni has signed a binding agreement Azerbaijan's state oil and gas company SOCAR for the sale of 10% stake in the Baleine project off Ivory Coast.Eni said the transaction aligns with its strategy of optimizing the upstream portfolio by…
Eni and its partners have launched the hull of the Coral North floating liquefied natural gas (FLNG) vessel, marking a key milestone in the development of Mozambique’s offshore gas resources.Coral North will be the second floating LNG facility…
TotalEnergies, together with its partners Eni and QatarEnergy, have signed an agreement with the Lebanese government to enter Block 8 exploration permit offshore Lebanon.TotalEnergies is the operator of the Block 8 with 35% interest, while Eni holds 35% share…
Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter.The competition reflects a desire by…
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