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HomeENI

ENI

Finance

Eni Agrees to Build $7.2 Billion LNG Export Plant in Mozambique

October 2, 2025 Clark Savage

Eni, the Italian energy giant, has officially approved a $7.2 billion investment to build a new floating liquefied natural gas (LNG) export plant—Coral Norte—in Mozambique. This landmark decision not only doubles Mozambique’s LNG export capacity […]

Big Oil Companies

Global Oil Majors Return to Frontier Exploration for Growth

September 24, 2025 Clark Savage

Global oil and gas majors are increasingly focusing on frontier regions and technically challenging areas to find new conventional oil and gas, driven by shrinking reserves and rising demand. Companies like ExxonMobil, TotalEnergies, Chevron, BP, […]

Botas
Finance

Botas pens three-year LNG supply deals with BP, Shell, and Eni

September 11, 2025 Mariel Alumit

Turkey’s Energy Minister Alparslan Bayraktar said via his social media channels that the deals were signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Under the agreement with BP, […]

Tango FLNG
Finance

Eni, Exmar in arbitration over Tango FLNG performance bonus

September 7, 2025 Mariel Alumit

Exmar confirmed in its half-year report that the two firms failed to agree on the performance bonus, and Eni has “referred this matter to the London Court of International Arbitration.” Back in 2022, Exmar sold the FLNG […]

Eni
Earnings

Eni boosts LNG sales in Q2

July 26, 2025 Mariel Alumit

According to its quarterly results report released on Thursday, Eni sold 2.8 bcm (2.1 million tonnes of LNG) in the second quarter of this year. Quarterly LNG sales rose 27 percent compared to 2.7 bcm in […]

Mozambique
Big Oil Companies

ENI’s Profit Drops 25% in Q2 2025 Amid Lower Oil Prices and Currency Headwinds

July 25, 2025 Clark Savage

Italian energy giant Eni S.p.A. (ENI) reported a significant 25% decline in its adjusted net profit for the second quarter of 2025, falling to €1.13 billion from €1.52 billion in the same period last year. […]

Venture Global
Exports

Venture Global, Eni ink 20-year CP2 LNG supply deal

July 17, 2025 Mariel Alumit

Under the terms of the SPA, Eni will purchase 2 million tonnes per annum (mtpa) of LNG from the first phase of Venture Global’s third facility, CP2 LNG, for 20 years, according to a statement […]

Shelf Drilling
Big Oil Companies

Shelf Drilling wins rig extension from Eni

July 8, 2025 Mariel Alumit

United Arab Emirates-based jackup rig pure-play Shelf Drilling has won an extension for one of its rigs. Italian energy giant Eni awarded a one-year extension to the 1980-built Key Manhattan. Work under the extension will […]

Big Oil Companies

Eni selling nearly half of its carbon capture business to BlackRock’s GIP

May 29, 2025 Stu Turley

Eni is selling nearly half of its carbon capture business, which prompts me to pause and examine the overall market first. We have seen the failure of Shell and BP’s run at the green energy […]

Mozambique
Exports

Mozambique approves Eni’s Coral Norte FLNG project

April 9, 2025 Mariel Alumit

According to a statement by the National Petroleum Institute of Mozambique, the Council of Ministers of Mozambique approved the development plan for the Coral Norte FLNG project in a meeting on Tuesday. This marks a […]

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