Tags

Eni takes operatorship of Uruguay offshore block, adds stake in neighboring acreage

Eni has expanded its exploration position offshore Uruguay, taking operatorship and a 50% interest in the OFF-5 block while also agreeing to acquire a 40% stake in the adjacent OFF-6 block.   Eni formally entered OFF-5 following an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP. The transaction has received approval from […]

Eni doubles down on Egypt’s gas with $8.5 billion invested and 230 new wells planned

Italian energy giant Eni is ramping up investment in Egypt, unveiling plans to drill 30 exploration wells and 200 development wells as it deepens its role in the country’s oil and gas sector. Eni Chief Executive Officer Claudio Descalzi met Egyptian President Abdel Fattah al-Sisi in El Alamein on Tuesday, along with Prime Minister Mostafa […]