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The Latest Breaking News from Eni

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

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

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 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

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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

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.

Bangkok Post

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…

Asharq Al-Awsat

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

The Independent UK

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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…

WEKU

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

Benzinga

This Foreboding Sign Looms Over Eni's Chart

If history is any guide, there may be trouble ahead for shares of Eni (NYSE:E). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions.

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ABC News

NT's Power and Water Corporation buys gas from LNG exporters

The Northern Territory's electricity provider has pulled an emergency lever after its regular supplier could not deliver enough gas.

Asharq Al-Awsat

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the Netherlands have all signaled that coal-fired power…

Asharq Al-Awsat

Qatar Announces Italy’s Eni as Second Partner in North Field East Project

Qatar signed a deal with Eni on Sunday on the expansion of the North Field East (NFE) Project, the world's largest liquefied natural gas (LNG) project, following on from an agreement with TotalEnergies earlier this month. QatarEnergy CEO Saad al-Kaabi said Eni would own 25 percent of a new joint…

Asharq Al-Awsat

Russia to 'Intensify' Fighting, Zelensky Warns as EU Decision Looms

Ukrainian President Volodymyr Zelensky warned that Russia was likely to intensify its "hostile activity" this week, as Kyiv awaits a historic decision from the European Union on its membership application. Nearly three months after Russia launched a bloody invasion of his country, Zelensky said there had been "few such fateful…

ABC News

NT solar farms sitting idle, some more than two years after construction

Four solar farms in the Northern Territory are sitting idle, years after construction.

Al Jazeera

Russia-Ukraine latest updates: Leaders back EU path for Kyiv

France, Germany, Italy and Romania leaders back Kyiv’s bid for EU membership and pledge more arms to fend off Russia.

ABC News

How the Northern Territory has avoided the power crisis unfolding in the eastern states — for now

As the eastern states grapple with the perfect storm behind a rapidly worsening energy crisis, the skies over the Northern Territory's power system are pretty clear. Here's what makes the NT's situation different — for now.

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