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 accelerating the monetization of exploration discoveries through the divestment of equity stakes, a model known as the ‘dual exploration model’.The development is operated by Eni (47…
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…
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…
Lebanon will sign a gas exploration deal with a consortium comprising QatarEnergy, TotalEnergies and Italy's Eni in the country's Block 8 offshore area, the Lebanese cabinet said on Thursday.In 2023, Lebanon granted a licence to conduct seismic studies on Block 8 to Bright Skies and GeoX…
Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs, adding firm work in Mexico and the United States.Borr Drilling’s jack-up rig Ran has received a one-well extension from Italy’s Eni in Mexico…
European energy companies Eni and Repsol are struggling to recover recover about $6 billion in gas payments from Venezuela and are facing indifference from U.S. officials about the debt, the Financial Times reported on Tuesday.Eni, Repsol, and the U…
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world, is now in crisis following the capture of the President Nicolas Maduro.Hugo Chavez, the former president…
President Donald Trump said that American oil companies were prepared to tackle the difficult task of entering Venezuela and investing to restore production in the South American country, an announcement that came just hours after Nicolás Maduro was captured and removed by U…
The Caspian Pipeline Consortium, which delivers oil from Kazakhstan, said it had suspended oil exports from the Black Sea's terminal on Monday due to bad weather.It also said that terminal has halted oil intake due to full reservoirs until weather improves…
Subsea engineering company TechnipFMC has won a substantial engineering, procurement, construction and installation contract from Italy’s Eni for the Coral North floating liquefied natural gas (FLNG) development offshore Mozambique.The contract covers subsea scope for Coral North…
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