Government will have to mobilize $1.1 billion in 2025 to settle payments owed to ENI for gas supply, including monthly invoices, Letter of Credit (LC) replenishments, and outstanding arrears.
This financial obligation was disclosed during a meeting between Finance Minister Dr Cassiel Ato Forson, Energy Minister John Jinapor, and officials from ENI, where government reaffirmed its commitment to ensuring a steady gas supply despite the growing financial strain on the energy sector.
The Minister of Energy and Green Transition, John Abdulai Jinapor, acting on the orders of President John Dramani Mahama, has withdrawn the controversial Unitisation Directives imposed by the Akufo-Addo government on April 9, 2020, October 14, 2020 and November 6, 2020
Eni has signed three collaboration agreements with Emirati companies to develop data centres, enhance renewable energy transmission between Albania and Italy, and strengthen critical minerals supply chains, the Italian company said on Monday.
Hilong Offshore, a subsidiary of China-based Hilong Group, has secured a transportation and installation contract for phase two of Eni’s Congo LNG project. The deal is valued at approx. $55 million USD (400 million yuan).
Eni SpA (E – Free Report) , the Italian energy giant, is accelerating its asset divestment strategy. UBS analysts predict €3 billion in additional sales by the end of 2025. This milestone will bring Eni’s total asset sales to €8 billion, fulfilling its strategic goal two years ahead of schedule. The company has already completed disposals worth €5.9 billion
Eni SpA has signed an agreement to acquire a 49 percent stake in a portfolio of EDP Renewables projects comprising two operational photovoltaic facilities and an under-construction battery energy storage system (BESS) project in California.
Eni SpA has wrapped up construction for the company’s largest battery storage system, the 200-megawatt Guajillo plant in Webb County, Texas.
Italian oil and gas giant Eni S.p.A (NYSE:E) has launched its next-generation supercomputer that will help it to ramp up oil and gas discovery technology and support its decarbonization strategies. Based at Eni’s Green Data Center in the small town of Ferrera Erbognone, the €100m High-Performance Computing 6 (HPC6) machine is estimated to operate at the peak of 606 petaflops, powering a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs). Eni’s latest supercomputer is the world’s 5th most powerful, achieving nearly half an exascale of performance on the LINPACK benchmark.
Italian oil and gas major, Eni and Ivorian Ministry of Mines, Oil and Energy have signed contracts for the acquisition of four(4) new exploration blocks in the country’s offshore.
The contracts, which were signed in Abidjan further consolidates Eni’s presence in the West African nation.
Eni had announced it had entered into a binding agreement with Hilcorp for the sale of the assets in June 2024. Having received the approval of all relevant authorities, the parties have proceeded to close the transaction.