Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.Adjusted net profit came in at 1.13 billion euros ($1…
The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned OPEC nation and swap oil, five sources close to the matter said on Thursday…
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows…
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on Wednesday.NOC said a cooperation agreement was signed during a visit by U…
Worley has secured a front-end engineering and design (FEED) contract for onshore substation for the 560 MW GreenVolt floating wind farm offshore Scotland, being developed by Flotation Energy and Vårgrønn, a joint venture firm created by Plenitude (Eni) and HitecVision…
Venture Global will supply 2 million tonnes per annum (MTPA) of liquefied natural gas from its Calcasieu Pass 2 project over 20 years to Italian state-controlled energy group Eni, the two companies said on Wednesday.The deal is Eni's first long…
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 exploration well, located offshore in the Lower Congo Basin, Republic of Angola.The well was spudded on April 1, 2025 in a water depth of 95 meters…
Offshore drilling contractor Shelf Drilling has secured a one-year extension with Eni for its Key Manhattan jack-up rig.The total added contract value is approximately $29 million, and the rig is now committed until November 2026.According to Shelf Drilling…
Versalis, Eni’s chemical company, has set out plans to transfer its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions.As of July 1, 2025, Eni has consolidated Versalis’ position in the oilfield services…
Fugro has been awarded a contract to run a comprehensive site characterization program for an Eni-operated deepwater gas development in the Eastern Mediterranean.The award marks an important survey campaign for Fugro in the region, supporting…
Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period…
Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday.The transaction is part of…
African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday.The Volans prospect is being investigated…
Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia.The companies announced a joint venture framework…
Eni and Argentina's energy company YPF have signed an agreement for the Argentina LNG (ARGLNG) project.The agreement defines the required steps to reach the final investment decision for the phase of the project that includes the production…