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Eni, UK Gov Reach Financial Close for Liverpool Bay CCS Scheme

Apr 24, 2025

Eni has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster…

Eni Reports Smaller Profit Drop Than Expected

Apr 24, 2025

Italian energy group Eni on Thursday reported a smaller than expected 11% yearly drop in adjusted net profit for the first quarter.Adjusted net profit came in at 1.41 billion euros ($1.60 billion) between January and March, down from 1.58 billion euros in the first quarter of 2024…

UK and Eni Plan CO2 Offshore Storage Pipeline

Apr 23, 2025

The UK government and Italian energy company Eni are set to approve a 38-mile pipeline to collect carbon dioxide from industrial facilities in Liverpool and Manchester for offshore storage, the Financial Times reported on Wednesday.Both the…

Vaar Energi Misses Quarterly Profit Forecast

Apr 23, 2025

Oslo-listed oil and gas firm Vaar Energi on Wednesday reported a lower-than-expected operating profit for the first quarter, but said it would maintain its dividend level as it prepares for a sharp rise in output in coming months.Vaar's earnings…

Eni to Invest $26 Billion in North Africa

Apr 08, 2025

Italian energy group Eni will invest around 24 billion euros ($26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said on Tuesday.The investments would coincide with the…

Libya's Mellitah Ready to Drill

Apr 08, 2025

Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing 160 million cubic feet of natural gas per day.Mellitah…

Mozambique Approves Eni's Coral Norte FLNG Plan

Apr 08, 2025

Mozambique on Tuesday approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.According to a government statement, the plan will see the production of 3…

US Revokes Licenses for Trinidad-Venezuela Gas Projects

Apr 08, 2025

The United States has revoked two licenses it had granted in recent years for the development of offshore natural gas projects between Trinidad and Tobago and Venezuela, the Caribbean country's prime minister, Stuart Young, said on Tuesday.Trinidad…

Eni to Continue with Gas Production in Venezuela

Apr 08, 2025

Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday.Eni has been producing gas in Venezuela for the domestic market since 2022…

Borr Drilling’s Rig Up for 120-Day Drilling Campaign off West Africa

Apr 07, 2025

Lime Petroleum, a subsidiary of Rex International, has signed a contract with Borr Drilling’s affiliate Borr Gerd Limited for a jack-up drilling rig, which will be used in a campaign offshore Benin in West Africa.Lime Petroleum signed up the…

Liebherr Equips Agogo FPSO with Two Offshore Cranes

Apr 04, 2025

Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of…

US Revokes Licenses to Repsol, Eni, Maurel et Prom for Venezuelan Oil

Mar 31, 2025

U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain's foreign minister promised to defend Repsol's interests.President Donald…

ADNOC’s XRG Acquires Galp's Share in Mozambique Offshore Block

Mar 28, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years…

Ithaca Energy’s Restructuring Plan to Lead to Job Cuts

Mar 26, 2025

North Sea oil and gas group Ithaca Energy launched a restructuring process that it expects to lead to job cuts, it said on Wednesday.The process, which follows the completion of Ithaca's acquisition of Eni's UK assets, is expected to be completed by July 1…

Eni Boosts Gas Volumes at Baleine Project Off Côte d'Ivoire

Mar 19, 2025

Eni and Petroci have announced a significant increase in gas supply for Côte d'Ivoire’s power generation system from the Phase 2 of the Baleine offshore project.Launched in December 2024 on schedule, Phase 2 of the Baleine project marks another…

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