Energy Infrastructure Partners to acquire 9% stake in Plenitude post €700m investment

Energy Infrastructure Partners to acquire 9% stake in Plenitude post €700m investment

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 and Eni ink long-term LNG deal for Italian supply

QatarEnergy and Eni ink long-term LNG deal for Italian supply

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 […]

Baleine Field : Eni begins production from offshore Côte d’Ivoire project

Baleine Field : Eni begins production from offshore Côte d’Ivoire project

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 […]

Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

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 […]