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Tag: Eni
Eni HPC5

Eni’s HPC5 supercomputer mobilized for Italian COVID-19 response

Posted: April 15, 2020 at 2:42 pm   /   Oil & Gas

Eni has made its supercomputing infrastructure and molecular modeling capability available for coronavirus research. The collaboration is part of the European EXSCALATE4CoV project, led by biopharmaceutical company Dompé, under which institutions and research centers in Italy and other countries in Europe collaborate to identify the safest and most promising drugs for treating the coronavirus. Eni […]

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Eni

Eni to cut capex by 25% this year to temper the impact of coronavirus

Posted: March 26, 2020 at 1:51 pm   /   Oil & Gas

Italian energy group Eni will cut its capital spending by a quarter this year, and more next, as it moves to mitigate the impact from falling commodity prices because of the coronavirus emergency. In a statement on Wednesday, the state-controlled energy major said it would cut its planned capex by about 2 billion euros ($2.2 […]

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Eni

Eni is seeking to export Zohr gas through Damietta LNG plant in 2020

Posted: March 8, 2020 at 1:08 pm   /   Oil & Gas

Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year. A source in the petroleum sector told Daily News Egypt that the Italian company has increased its stake in the Damietta liquefaction plant to 50% from 26%, after it […]

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Naturgy

Spain’s Naturgy reaches agreement to exit Union Fenosa Gas JV with Eni

Posted: March 1, 2020 at 9:07 pm   /   Oil & Gas

Spain’s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy’s Eni and Spain’s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from Naturgy and Eni. The agreement […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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offshore

Egypt’s Zohr natural gas production to reach 3 bcf/d in March

Posted: February 24, 2020 at 2:46 pm   /   Oil & Gas

Total output at the offshore field reached 2.7 bcf/d in November 2019: The Egyptian Ministry of Petroleum announced that the total number of wells that have been put into production at Zohr field reached 14 after Petro Shorouk has recently put four wells into production at the Southern area. With the 15th well being linked […]

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Gastec-Eni

El Molla inaugurates first integrated fuel, charging station in Port Said

Posted: January 27, 2020 at 2:17 pm   /   Oil & Gas

Petroleum Minister Tarek al Molla and Sports and Youth Minister Ashraf Sobhy inaugurated on Sunday an integrated station to fuel cars with natural gas and liquefied petroleum gas and charge them with electricity in Port Said governorate.  The new station, which is first of its kind in Egypt, is established with a joint Egyptian-Italian investment, […]

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Nile Delta

Eni to bring third Baltim South West well online by the end of the year

Posted: November 25, 2019 at 3:10 pm   /   Oil & Gas

Eni will link the third well in its Baltim South West field to the national grid by the end of the year, a source in the oil sector told the local press. This will raise gas output by another 100 mmcf/d to 290 mmcf/d, and increase condensate production by 650 bbl/d to 1950 bbl/d. The […]

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eni

Eni CEO doesn’t rule out interest in Dana Gas Egypt assets, but not a priority

Posted: November 12, 2019 at 4:00 pm   /   Oil & Gas

Eni’s chief executive does not rule out a possible interest for the Egyptian assets of Dana Gas but says any potential bid is unlikely since the Italian major already has a lot of resources in the area. Earlier this year United Arab Emirates’ Dana Gas hired an adviser for the possible sale of its assets […]

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Eni CEO

Eni is not interested in acquiring Dana Gas Egypt portfolio of assets

Posted: November 12, 2019 at 12:30 pm   /   Oil & Gas

Italy’s Eni is not looking to acquire the Dana Gas’ portfolio of assets in Egypt, Eni CEO Claudio Descalzi tells Bloomberg TV. Descalzi stressed that Eni is satisfied with its portfolio for the time being and plans to focus on developing current assets before biting off more. Dana Gas had received offers for buying its […]

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