Eni CEO: No Future for Firms Working in Just O&G

October 18, 2019

Eni CEO Claudio Descalzi (File photo: Eni)
Eni CEO Claudio Descalzi (File photo: Eni)

There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday.

"Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial daily Il Sole 24 Ore in an interview.

Asked about interest in Eni from France's Total, Descalzi said he did not know if the French major or other companies were interested in the company.

"For sure, nobody will be able to touch us without the green light from the Italian government," he said.

Eni is more than 30% owned by the Italian state.


(Reporting by Stephen Jewkes, editing by Giulia Segreti)

Categories: Energy Industry News


Current News

AWEA Urges DoI to Advance OWP

AWEA Urges DoI to Advance OWP

Deepwater Investments to Grow Above 5% in 2020

Deepwater Investments to Grow Above 5% in 2020

U.S. Drillers Add Rigs for first Week in Eight

U.S. Drillers Add Rigs for first Week in Eight

S&P Cuts Tullow Oil's Credit Rating

S&P Cuts Tullow Oil's Credit Rating

Japanese Partners Buy into Sepetiba FPSO

Japanese Partners Buy into Sepetiba FPSO

DNO Makes Small Find Offshore Norway

DNO Makes Small Find Offshore Norway

Johan Castberg Oil to Export Direct to Market

Johan Castberg Oil to Export Direct to Market

Magazine

Offshore Engineer (Nov/Dec 2019)

This issue of Offshore Engineer is dedicated to Exploration Outlook

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week