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Eni, Petroci unveils great recent offshore oil discovery

(MENAFN) Eni, the Italian energy giant, in collaboration with state-run Petroci International, has announced a groundbreaking discovery of a major oilfield off the coast of Côte d’Ivoire. Named Calao, the site represents a significant addition to the country’s oil reserves, second only to the Baleine field discovered by Eni in September 2021. Exploratory drilling revealed the presence of light oil, gas, and condensates across various intervals of Cenomanian age, characterized by promising permeability values.

Eni Inks Decarbonization Deals with Kazakh Companies

Eni Inks Decarbonization Deals with Kazakh Companies
by Jov Onsat|Rigzone Staff|Monday, January 22, 2024

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Eni Inks Decarbonization Deals with Kazakh Companies
Eni signed three energy transition-related deals with Kazakh firms, including a commitment pact for a planned hybrid-fuel power project.
Image by e-crow via iStock
Eni SPA has signed three energy transition-related agreements with companies in Kazakhstan, including a commitment pact for a planned hybrid-fuel power project.

Ministry of Oil considers granting 40 percent of production to the Eni, Adnoc and Total coalition a violation of Libyan legislation

The Director of the Media Office at the Tripoli based Libyan Ministry of Oil and Gas, Ahmed Al-Tarhouni, told Libya Herald, that talk of the National Oil Corporation’s (NOC) intention to contract with a coalition of Eni / Adnoc /Total and grant them a 40 percent share of production is a legal violation that should be alerted to.

Oil, Eni ready to sign a contract in Venezuela

For the next decade, Latin America is likely to maintain its predominant role in the oil sector. Unlike past years, it can now count on Venezuela’s return to international markets, as the Biden administration has decided to lift the sanctions in force since 2019. This decision is mainly conditioned on the holding of transparent and democratic elections by 2024. This agreement will allow Venezuela to exploit its immense resources, represented by 303 billion barrels and over 5 billion of cubic feet of natural gas, ranking as the largest reserve in the world. Major international companies are already looking to seize this opportunity, including Eni and Repsol, which are currently finalizing the details of a contract with Petróleos de Venezuela Sa (Pdvsa), the state-owned company. As reported by Bloomberg, negotiations are at an advanced stage, and an agreement is expected to be reached by the end of the month.