Browsing Tag
Eni
81 posts
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.
Saipem, Subsea7 clear US antitrust hurdle as Saipem7 merger heads for H2 2026 close
Saipem cleared US antitrust for the €21bn-revenue Saipem7 merger with Subsea7, but a Brussels Phase II probe and an Australian in-depth review remain.
Fusion just pulled in another $1bn, and Commonwealth Fusion Systems is the market test
Commonwealth Fusion Systems’ latest $1 billion equity raise brings its total capital to $4 billion, but the real test is whether SPARC can unlock a financeable path to the ARC fusion power plant in Virginia.