Eni has finalized the sale of a 30% interest in Côte d’Ivoire’s Baleine offshore project to Vitol, reshaping the partnership structure of the country’s flagship oil and gas development. Following the deal, Eni retains a 47.25% stake as operator, Vitol holds 30%, and state-owned Petroci controls 22.75%.
Eni SpA and Egypt’s Bioenergy Association for Sustainable Development, affiliated with the Environment Ministry, signed Monday an agreement for a feasibility study on biogas production in the North African country using animal and agricultural waste.
The Italian energy company’s balance sheet is benefiting from a cost-reduction program introduced earlier this year and asset sales aimed at bringing down debt, while a ramp-up of projects is bringing in more cash.
Eni SpA said Thursday it had launched the authorization process for an Environmental Impact Assessment to build a biorefinery and a chemical recycling plant in Sicily, after receiving approval from Italy’s Environment and Energy Security Ministry.
Eni and state-owned Argentine energy company YPF have signed the Final Technical Project Description (FTPD) for the liquefaction segment of the integrated upstream-midstream Argentina LNG (ARGLNG) project, Eni announced on Friday.
The National Oil Corporation of Libya said that the Italian supermajor had started drilling at Block 16/4 in the northwestern part of the country’s territorial waters and will soon complete work on the exploration well that was started back in 2020.
Eni has signed an exploration contract with Côte d’Ivoire’s Ministry of Mines, Petroleum and Renewable Energies for the CI-707 offshore block in the Abidjan basin, the company announced on Wednesday.
The project “confirms the partnership between Eni and Seri Industrial in the integrated management of the Brindisi site, together with the plant that Fib is building in Teverola (in the province of Caserta)”, Eni said.
Eni has completed the sale of a 30% stake in the Baleine project in Côte d’Ivoire to global commodity trader Vitol, the companies announced on Thursday.
Italian oil and gas supermajor Eni, together with its partner Vitol, has signed a Memorandum of Intent (MoI) with Ghana’s national oil company, GNPC, to invest $1.5 billion in the upstream sector.