In a significant move within the energy sector, Eni’s renewable energy arm, Plenitude, and Energy Infrastructure Partners (EIP) have entered a strategic agreement. EIP will invest up to €0.7 billion in Plenitude, acquiring approximately 9% of the company’s share capital after the transaction. Initial Capital Increase and Valuation The deal initially involves a capital increase […]
QatarEnergy affiliates and Eni have solidified their commitment with a long-term LNG sale and purchase agreement, aiming to transport up to one million tons annually from Qatar to Italy. Valued strategically, this deal is expected to influence the European energy landscape for almost three decades. FSRU Italia: The Tuscany-based Receiving End The crux of this […]
Eni has initiated oil and gas production from the Baleine Field, positioned in the offshore waters of Côte d’Ivoire. This monumental achievement marks the first emissions-free (Scope 1 and 2) production project in Africa, setting a benchmark for sustainable oil and gas initiatives. It comes less than two years after the Baleine Field’s discovery in […]
Eni, an Italian multinational energy company, and The National Oil Corporation of Libya will develop the approximately $8bn Structures A&E gas project to enhance gas production to supply the Libyan domestic market and export to Europe. The Structures A&E project includes the development of two gas fields, namely Structures A and E, which are situated […]
Italian oil and gas giant Eni is foraying into the UK offshore wind market by acquiring a 20% stake in the 2.4GW Dogger Bank offshore wind project A and B assets from Equinor and SSE Renewables for £405 million. Brief details of Dogger Bank offshore wind project The Dogger Bank wind project is being built, […]
Italy’s Eni and Austria’s OMV, through separate agreements, have agreed to acquire stakes of 20% and 15%, respectively in ADNOC Refining – the refining business of Abu Dhabi National Oil Company (ADNOC), for a combined total of $5.8 billion. ADNOC will keep the remaining stake of 65% in the refining company, which boasts of a […]
Oil and gas industry news : Qatar Petroleum is all set to join Eni as a partner in the offshore Area 1 project, which is being developed in Mexico with an investment of $2.0 billion. The Qatar state-owned petroleum company has agreed to acquire a 35% stake from the Italian oil and gas giant for […]
Energy acquisition news : Abu Dhabi-based Mubadala Petroleum has forayed into the Shorouk Block, an Egyptian offshore concession in the Mediterranean Sea by completing its acquisition of a stake of 10% for $930 million from Italian energy giant Eni. Through the deal, the Abu Dhabi state-owned Mubadala Investment Company subsidiary, will take part in the […]