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The Latest Breaking News from Eni

Offshore drilling rig arrives in Lebanese waters ahead of work near Israel border

Lebanese Cabinet ministers say an offshore drilling rig has arrived at its location in the Mediterranean Sea off Lebanon’s coast and will start operations in the coming weeks to search for gas

The Independent UK

Drilling rig arrives in Lebanon’s Block 9 to begin exploration

The drilling became possible after a US-mediated deal settled a maritime border dispute in Lebanese and Israeli waters.

Al Jazeera

IIT-Madras professor honoured with International Eni Award

IIT-M's T. Pradeep selected for International Eni Award for work on sustainable nanoscale material for water purification. Award includes gold medal, citation and cash. Previous winners include Nobel laureates and C.N.R. Rao.

The Hindu

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Eni chief executive says plan for pipeline to move gas to Cyprus 'part of our discussion'

The chief executive of the Eni energy company says Cyprus-Israeli plans for a pipeline to move offshore natural gas from those two countries to Cyprus are “part of our discussion” with the Cypriot government

The Independent UK

Eni to buy oil and gas company Neptune Energy in $5bn deal

Italian company’s subsidiary, Vår Energi, will acquire Neptune’s Norwegian business for $2.3bn

The Guardian - UK

Neptune Energy acquired by Eni for £4 billion

UK-based business bought by Italian energy giant, while Norwegian side is sold to oil and gas group from that country

Insider UK

Iraq’s oil boom blamed for worsening water crisis in drought-hit south

Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry south

The Guardian - UK

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Italian energy company Eni to develop Evans Shoal gas field described as 'carbon bomb'

Energy company Eni has quietly revived plans to develop a gas field in the Timor Sea which contains some of the most carbon-intensive gas in Australia, "far more than any other gas field that is being developed".

ABC News

Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis

Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels despite knowing of risks

The Guardian - UK

5 Top Energy Stocks to Buy Right Now

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

StockNews.com

Northern Territory government could be first buyer of Beetaloo gas, as Blacktip supply issues bite

A gas company looking to develop the Beetaloo Basin says the Northern Territory government could be one of its first customers for fracked gas.

ABC News

Qatar boosts influence in Lebanon amid multiple crises

Wealthy Qatar has been silently expanding its influence in crisis-hit Lebanon in recent years, while oil-rich Gulf Arab nations ostracized the Mediterranean country over the growing influence of its militant Hezbollah group

The Independent UK

QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat

Qatar replaces Russian company in Lebanon gas exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy agreed Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast

The Independent UK

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Asharq Al-Awsat

QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday. Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni…

The Independent UK

Italy's premier visits Libya for talks on energy, migration

Italy’s prime minister has arrived in Libya for talks with officials from the country's west-based government that will focus on energy and migration

France 24

Italy plays on historic heartstrings with Algeria to boost critical energy ties

Italian Prime Minister Giorgia Meloni hailed Algeria as Rome’s “most stable, strategic and long-standing” partner in North Africa as she wrapped up a two-day visit on Monday aimed at securing Italy’s energy supplies and promoting her plan for a “non-predatory” approach to investment on the continent.

The Independent UK

Algeria, Italy look to broaden ties beyond coveted energy

Italy and Algeria moved to expand their ties through a series of signed agreements during a two-day visit by Italian Premier Giorgia Meloni, who called Algeria Italy’s “most stable, strategic and long-standing’’ partner in the region

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The Independent UK

Italy's Meloni eyes boost in strong energy ties with Algeria

Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy

Asharq Al-Awsat

Former Algerian Minister Sentenced to 20 Years in Prison

A former Algerian energy minister was sentenced in absentia Thursday to 20 years in prison for corruption. Chakib Khelil headed the energy ministry for a decade under the late president Abdelaziz Bouteflika. The Sidi M’Hamed court in Algiers also issued on Thursday prison terms of between five and 10 years…

Asharq Al-Awsat

Eni, Chevron Announce New Gas Discovery in Egyptian Field

Italian energy group Eni and US energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron, which holds a 45% interest…

StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

StockNews.com

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

Zenger

Israel Allows TotalEnergies And Eni To Search For Gas Offshore After Lebanon Deal

Israel signed agreement to begin exploring natural gas within the framework of a historic maritime border agreement with Lebanon

Al Jazeera

Israel signs agreement on gas field shared with Lebanon

Exploration in the Qana field is set to begin after Tel Aviv signed a framework agreement with the contractor.

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