Italian energy company Eni has made a second oil and gas discovery offshore from Ivory Coast in less than a year, raising the country’s profile as a producer and increasing the fossil fuel resources found in the area by about 25%.
This is Angola’s first non-associated gas development project and involves two wellhead platforms, an onshore gas processing plant and a connection to the Angola LNG plant at Soyo where gas will be converted into liquefied natural gas and condensates marketed separately.
Eni and NOC Sonatrach have made a discovery on their exploration campaign of the onshore Sif Fatima II concession in Algeria,
Italian oil and gas firm Eni signed a new Production Sharing Contract (PSC) agreement with SONATRACH, Oxy and TotalEnergies for oil blocks 404 and 208 in Algeria.
Italy’s Eni, US major Occidental, France’s Total and the Algerian group Sonatrach signed a $4 billion oil and gas production-sharing contract Tuesday for the Berkine field in the country’s southeast.
Eni SPA, upstream operator of Area 4 offshore Mozambique, has introduced natural gas from the 16-tcf Coral South reservoir to the 3.4-million tonne/year Coral Sul floating LNG (FLNG) plant.
The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of the new Joint Venture company during an official ceremony today.
Oil prices hit US$120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply.