Italian energy giant Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private companies, for the sale of its upstream offshore assets Nikaitchuq and Oooguruk in Alaska.
Eni SpA is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about €1 billion ($1.1 billion), according to people with knowledge of the matter.
Italian oil and gas company Eni has divested a 10% interest in oilfield services provider Saipem in a deal valued at €393 million (US$422.48 million).
Italian major offloads a third of its shares in Italian contractor current, but still controls one fifth of company
Eni SPA has finalized its share repurchase program for 2024, earmarking EUR 1.6 billion ($1.7 billion) with an option to raise the package to up to EUR 3.5 billion ($3.8 billion).
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., a subsidiary of Azule Energy Holdings Limited, for the development of the Ndungu field. The offshore field is part of Agogo Integrated West Hub Project, approximately 180 km off the coast of Angola. The value of the contract is around $850 million.
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Azule Energy, an equal joint venture between BP and Italian oil major Eni for their Angolan business, has signed an agreement with Rhino Resources of Namibia for a 42.5 per cent interest in the country’s offshore oil bloc in the Orange Basin.
Oando’s COO Irune has revealed the firm expects to scale production up to 100,000bpd by 2029, driven by new drilling.
Eni SpA has made a significant move by agreeing to divest the majority of its upstream assets in the U.K. to Ithaca Energy.
The transaction, valued at approximately £754 million, is structured as an all-stock deal. This agreement does not include Eni’s East Irish Sea assets and its carbon capture, utilization and storage activities in the U.K.