The Ministry of Petroleum and Mineral Resources has announced positive drilling results of Nasim-1X natural gas exploratory well in Tiba Concession in the Mediterranean Sea. Drilling operations and preliminary evaluation have revealed a gas-bearing interval with excellent petrophysical properties, with initial estimates indicating approximately 200 Bcf of natural gas in the reservoir. The Ministry highlighted that […]
Well integrity and decommissioning specialist Unity has completed a well intervention project in central Italy for SMAPE, deploying a custom thru-tubing solution to achieve isolation in a technically challenging well.
The Italian government has decided to approve the merger plan, on the condition that Saipem, in which the state holds nearly 13%, gives priority to Italy’s energy infrastructure and keeps all activities considered strategic in Italy, MF reported today, citing a government decision from last week.
The government’s aid package would be effective for three months, the official added, as Italy expects energy prices to start declining after the end of the winter season.
Salvini also expressed hope that there would be a ceasefire in Ukraine in the next three months, which would help lower energy prices.
Consumption of the super-chilled gas may be less than a third of Italy’s import capacity by 2030, the Institute for Energy Economics and Financial Analysis said Monday in a report. Italian demand plunged 19 percent between 2021 and 2024, while LNG import capacity is set to triple in the five years through 2026.
The Italian oil and gas company Eni has completed the combination of its upstream oil and gas assets in the United Kingdom with Ithaca Energy. The £754m (€900m) merger deal, however, excludes Eni’s East Irish Sea assets and CCUS activities.
Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.
Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3bn) from disposals in its global upstream business, people familiar with the matter said.
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).