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 […]
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, […]
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, […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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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