Browsing Tag
Eni
83 posts
Eni profit doubles to €2.8bn as buyback reaches €3.8bn. Is the cash boom sustainable?
Eni has dramatically increased shareholder distributions after stronger production, refining and transition-business earnings lifted cash generation, but investors must separate structural portfolio improvement from an unusually supportive oil and refining environment.
Ithaca Energy (LSE: ITH) faces leadership transition after transformational Suncor deal
Ithaca Energy has begun searching for a new Chief Executive Officer after Luciano Vasques said he will retire by March 31, 2027. The succession arrives less than two weeks after the FTSE 100 producer agreed its first major Canadian expansion, leaving the next leader to integrate Eni UK and a new offshore portfolio while managing more than $1 billion of net debt.
Saipem and Subsea7 merger faces EU Phase 2 test as €300m synergy case hangs on remedies
Saipem and Subsea7 face deeper EU scrutiny, with €300 million of synergies at risk if regulators demand material remedies before closing.
McDermott wins $1bn-plus ADNOC Umm Shaif offshore contract as $6.2bn gas project advances
McDermott has won a contract it classifies at more than $1 billion for Umm Shaif Package 4, adding surface pressure boosting infrastructure to ADNOC’s $6.2 billion offshore gas expansion.
NABEP’s reserve base is enormous, but its $100bn Venezuela plan still has to find the capital
North American Blue Energy Partners is set to control 17 Venezuelan oilfields containing about 65 billion barrels while targeting more than 1 million barrels a day of production. The unprecedented structure gives the U.S. government a 35% equity stake and preferential access to output, but the real commercial test is whether NABEP can finance and execute a proposed $100 billion infrastructure programme across fields that have suffered years of underinvestment.
Rovuma LNG locks in $1.1bn of equipment as ExxonMobil targets 2026 FID
ExxonMobil and its Area 4 partners have committed about $1.1 billion to long-lead equipment for Mozambique’s 18.6mtpa Rovuma LNG project, with a newly disclosed $200 million to $250 million pipe package showing how far procurement is moving before the final investment decision.
Corinth Pipeworks lands up to $250m Rovuma LNG contract as ExxonMobil moves closer to Mozambique FID
Corinth Pipeworks has secured a $200 million to $250 million offshore pipeline package as ExxonMobil and its partners accelerate pre-FID spending on Mozambique’s Rovuma LNG.
Argentina LNG becomes largest RIGI filing at $51bn for Vaca Muerta gas
Argentina LNG's $51 billion RIGI application by Eni, YPF and XRG moves Vaca Muerta's floating export plan toward a final investment decision by end-2026.
Baker Hughes secures Kutei Northern Hub subsea award from Searah North Ganal
Baker Hughes will deliver 17 deepwater subsea trees for the Eni-Petronas $11.8bn Kutei Northern Hub project offshore Indonesia, targeting first gas in 2028.
BP posts $5.7bn Q2 underlying profit as new CEO Meg O’Neill orders a reset
BP Q2 underlying RC profit hits $5.7bn and the dividend rises 4%. New CEO Meg O'Neill admits BP wrote off too much value, orders a portfolio and cost reset.