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The Latest Breaking News from Eni

PTTEP takes 25% stake in Sharjah Onshore Area A

PTT Exploration and Production Plc (PTTEP) continues to expand its investment in petroleum production in the United Arab Emirates (UAE) by acquiring a 25% stake in the Sharjah Onshore Area A from a subsidiary of Eni, an Italy-based integrated energy company.

Bangkok Post

NT's Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline

Production from the offshore field which supplies gas for the Top End's electricity generation has decreased by nearly 50 per cent this year.

ABC News

EU countries turn to Africa in bid to replace Russian gas

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

The Independent UK

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Lebanon far from gas riches even if Israel deal agreed: analysts

Beirut (AFP) - Lebanon is grappling to strike a deal with Israel over contested maritime gas fields, but even with an agreement the cash-strapped country faces multiple hurdles before tapping potential hydrocarbon riches, analysts say.

AFP

Lebanon Years Away From Gas Riches Despite Israel Deal, Analysts Say

Lebanon is nearing agreement with Israel over a maritime dispute involving offshore gas fields, but the cash-strapped country still faces an uphill struggle towards unlocking potential hydrocarbon riches, analysts said. "A deal would mark one step forward but it does not mean that Lebanon has become a gas- or oil-producing…

Asharq Al-Awsat

Lebanon years away from gas riches despite Israel deal: analysts

Beirut (AFP) - Lebanon is nearing agreement with Israel over a maritime dispute involving offshore gas fields, but the cash-strapped country still faces an uphill struggle towards unlocking potential hydrocarbon riches, analysts say.

AFP

Eni expects halt in Russian gas flow to extend into Monday

Italy's Eni said it would not receive any of the gas it had ordered from Russia's Gazprom for delivery this weekend, although the firms said they were working to fix this.

Reuters

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Energy crisis sires new European order: a strong Italy and ailing Germany

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa.

Reuters

Senior adviser to Meloni wants Italy's Treasury to be split up

A senior economic adviser to Giorgia Meloni, the front runner to become Italy's next prime minister, called for the Treasury to be split into two in order to create a separate ministry managing tax policies and fiscal reform.

Reuters

Hackers Hit Italian Oil Company Eni’s Computer Networks

Italian oil company Eni's computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. "The internal protection systems have detected unauthorized access to the corporate network in recent days," a spokesperson for the company told Reuters in response to…

Asharq Al-Awsat

Cyprus says major gas find could boost European supplies

Nicosia (AFP) - A new gas discovery off Cyprus could speed up exploitation of untapped resources and help secure supplies to Europe, Cypriot Energy Minister Natasa Pilides said Tuesday.

AFP

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

The Independent UK

TotalEnergies and ENI Make Major Gas Discovery Off Cyprus

Energy companies TotalEnergies and ENI announced a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters, said TotalEnergies in a statement. TotalEnergies and ENI each have a 50%…

Asharq Al-Awsat

Turkey resumes gas exploration in the eastern Mediterranean

A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.

Al Jazeera

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Bangkok Post

PTTEP, Eni discover new source of gas in UAE

PTT Exploration and Production Plc (PTTEP) has discovered a new source of gas in the United Arab Emirates (UAE), described as one of its most significant discoveries in recent years.

Asharq Al-Awsat

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

Asharq Al-Awsat

ADNOC Reveals Second Gas Discovery in Abu Dhabi Offshore Block

Abu Dhabi National Oil Company (ADNOC) revealed on Friday a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The find from a new deeper reservoir.

Asharq Al-Awsat

Algeria, Italy Sign Gas Deal Worth $4 Billion

Italian Prime Minister Mario Draghi held talks with Algeria’s president Monday to to boost gas deliveries and reduce Italy’s reliance on Russian supplies. President Abdelmadjid Tebboune welcomed Draghi and the two went on to sign agreements and memorandums of understanding in areas ranging from energy to sustainable development, justice and…

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The Independent UK

Europe's leaders look to ink energy deals to sidestep Russia

European leaders have ramped up their push to secure alternative energy supplies as fears escalate of a complete natural gas cutoff by Russia

AFP

Kyiv warns Russia will step up Donbas fight, six killed in Kharkiv

Kramatorsk (Ukraine) (AFP) - Ukraine warned Monday that Russian forces were preparing to intensify their fight for key cities in the Donbas, where the death toll from a weekend attack rose to 30 as rocket strikes killed six in the country's second city.

AFP

Kyiv warns Russia to intensify Donbas fight, 6 killed in Kharkiv

Kramatorsk (Ukraine) (AFP) - Ukraine warned Monday that Russian forces were preparing to intensify their fight for key cities in the Donbas, where the death toll from a weekend attack rose to 26 as rocket strikes killed six in the country's second city.

AFP

Ukraine reels from deadly Russian strikes, EU braces for gas cuts

Kramatorsk (Ukraine) (AFP) - Ukraine said Monday Russian forces were preparing to scale up an offensive on key cities in the eastern Donbas region as three people died in rocket strikes on Kharkiv, the country's second-largest city.

AFP

Ukraine reels from deadly Russian strikes, EU fears deeper gas cuts

Kramatorsk (Ukraine) (AFP) - Ukraine said Monday Russian forces were readying to scale-up an offensive for key cities in the eastern Donbas region while fresh strikes over the country's second-largest city killed at least three people.

The Independent UK

Gas pipeline shutdown starts amid German suspicion of Russia

A major gas pipeline from Russia to Germany is shutting down for annual maintenance amid German concern that Russia may not resume the flow of gas as scheduled

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

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