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Agogo oilfield : Eni and partners begin production from offshore Angolan field

Agogo oilfield : Eni and partners begin production from offshore Angolan field

Eni and its partners Sonangol P&P, and SSI Fifteen in the offshore 15/06 Block have started production from the Agogo oilfield. The Italian oil and gas giant said that the offshore oilfield in Angola was brought on stream just nine months following its discovery. Eni said that it was possible through the operational synergies enabled […]

Nigeria LNG Expansion Project : Eni and partners take FID on NLNG expansion

Nigeria LNG Expansion Project : Eni and partners take FID on NLNG expansion

Eni and its partners have taken the final investment decision (FID) for the Nigeria LNG Expansion Project, the expansion project of their existing liquefied natural gas (LNG) plant located at Bonny Island in Nigeria. According to the Italian oil and gas giant, the brownfield development at the NLNG plant, which is slated to be brought […]

Neptune Energy acquires 20% stake in East Sepinggan area in Indonesia

Neptune Energy acquires 20% stake in East Sepinggan area in Indonesia

UK-based Neptune Energy has completed its previously announced acquisition of 20% stake in the East Sepinggan area offshore Indonesia from Eni for an undisclosed sum. The East Sepinggan area contains the Merakes development and Merakes East discovery, located offshore East Kalimantan. The deal, which was signed in July 2019, also involved the acquisition of a […]

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Eni completes sale of 20% in East Sepinggan area to Neptune Energy

Eni completes sale of 20% in East Sepinggan area to Neptune Energy

Eni’s subsidiary Eni East Sepinggan has wrapped up its previously announced sale of a 20% stake in the East Sepinggan area, offshore Indonesia, which contains the Merakes development and Merakes East discovery, to Neptune Energy Group’s subsidiary Neptune Energy East Sepinggan. Financial details of the deal that was announced in July 2019 remained to be […]

Eni discovers new resources in Sidri development lease in Gulf of Suez

Eni discovers new resources in Sidri development lease in Gulf of Suez

Italian oil and gas giant Eni has pulled off the discovery of new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez, offshore Egypt. The discovery was made by the Petrobel, the operating company, which is held equally by Eni and the Egyptian General Petroleum Corporation (EGPC), through the drilling of an […]

Eni begins production from Obiafu 41 discovery in Nigeria

Eni begins production from Obiafu 41 discovery in Nigeria

Italian oil and gas giant Eni has commenced gas and condensate production from the Obiafu 41 discovery in the Niger Delta in Nigeria, three weeks after well completion. The discovery holds nearly 28 billion cubic meters of gas and 60 million barrels of condensate. The Italian energy company said that the gas from the Nigerian […]

Baltim South West gas field in Egypt brought on stream by Eni, BP

Baltim South West gas field in Egypt brought on stream by Eni, BP

Baltim South West project : Eni and BP have started production from the Baltim South West gas field in the Egyptian waters of the Mediterranean Sea. The Baltim South West gas field is located in the Baltim South development lease, located in the shallow waters of Nile Delta, and contained in 25m of water depth. […]

Italian oil and gas company Eni opens new biorefinery in Gela, Italy

Italian oil and gas company Eni opens new biorefinery in Gela, Italy

Eni Gela biorefinery : Italian oil and gas company Eni has opened a new biorefinery in Gela, Italy, which has a processing capacity of up to 750,000 tonnes a year of biofuels. The Italian biorefinery produces biofuels from used vegetable oil, animal fat, algae and by-products. According to Eni, all the petrochemical facilities that were […]

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Norwegian oil and gas company Vår Energi has signed a $4.5 billion deal to acquire the non-operated upstream assets of ExxonMobil in the North Sea and the Norwegian Sea. The acquisition will give Vår Energi access to 20 plus producing fields offshore Norway, which including Grane, Snorre, Fram, Ormen Lange, and Statfjord among others. Put […]