Browsing Tag
Eni S.p.A.
17 posts
Eni takes control of Venezuela’s 35bn-barrel Junín-5 field under 25-year contract
Eni has become exclusive operator of Venezuela’s Junín-5 under a 25-year production contract, gaining control of a 35 billion-barrel heavy-oil resource currently producing only about 12,000 bpd.
Greater PAJ Project: Angola’s $5bn cross-block offshore oil development moves into execution in 2026
The Greater PAJ Project offshore Angola has reached final investment decision, with Azule Energy and its partners advancing a five-field deepwater development that will use a new 95,000 barrels-per-day FPSO to bring first oil in the first half of 2029.
Cronos gas project reaches FID as Cyprus targets first production in 2028
Cyprus’ first gas development will connect four deepwater wells to Egyptian processing and LNG infrastructure. Reuse lowers capital intensity, but cross-border execution and LNG economics remain critical.
Umm Shaif Gas Cap project: Why ADNOC’s $6.2bn offshore gas development matters in 2026
ADNOC has approved a $6.2 billion final investment decision for the Umm Shaif Gas Cap project, aiming to unlock more than 600 million standard cubic feet per day of gas and associated liquids from one of Abu Dhabi’s most established offshore fields by 2030.
Santorini gets a long-term West Africa campaign, giving Saipem one less idle-rig concern
Saipem has secured a long-term offshore drilling campaign for the Santorini drillship in Côte d’Ivoire. The award strengthens fleet visibility, but margins, mobilisation and execution will determine its full financial value.
Vår Energi agrees $1.33bn BlueNord merger to build Europe’s largest independent producer
Vår Energi’s cash-and-share combination with BlueNord adds long-life Danish production, European gas access and cash flow, but shareholders must weigh dilution, approvals and limited operational control.
The 40-year Umm Shaif and Nasr concession is quietly becoming a gas story, and the FID makes it official
ADNOC's $6.2B Umm Shaif Gas Cap FID with TotalEnergies, Eni and CNPC unlocks 600 mmscfd of new gas from 2030, feeding a 47 mtpa LNG buildout by 2035.
Halliburton and Eni deploy closed-loop rig automation in deepwater Indonesia
Halliburton and Eni’s automated Indonesia well delivered 15% efficiency gains, testing whether closed-loop drilling can scale safely offshore.
SLB OneSubsea wins Eni contract for Kutei North Hub offshore Indonesia project
SLB’s Eni contract for Kutei North Hub tests subsea execution, Indonesia gas growth and whether offshore awards can lift services sentiment.
bp plc’s Namibia entry is small in cost but large in what it signals for strategy
bp plc has agreed to take a 60% stake in three Namibia offshore blocks from Eco Atlantic. Read what the Walvis Basin deal could mean next.