Africa accounted for approximately 96% of Italian energy major Eni’s (BIT:ENI; NYSE:E) net global oil and gas production increase in the third quarter of 2026, as the Italian energy major works to expand offshore developments and liquefied natural gas (LNG) capacity while divesting mature assets. Eni produced 939,000 barrels of oil equivalent per day (boepd) […]
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 […]