Eni
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East Med gas production, leveraged by Egypt’s position at the mouth of the Suez Canal, is redefining geopolitical relations as North Africa, Europe, and the Middle East strive to create a new distribution hub for energy, legacy, and renewables. -
Africa’s first floating LNG facility will be towed from South Korea to its new home on the Coral South project.
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Cabaça North will increase and sustain the plateau of the FPSO Armada Olombendo. -
Italian oil major Eni has developed a tool with the aim of determining the level of safety knowledge and competencies of all supervisory personnel, thus identifying all safety areas that might need a specific, customized, and effective training approach that could fill competency gaps and strengthen safety supervision at work sites.
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New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
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New find could hold up to 200 million BOE in place.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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The gas find is likely to be tied back to the nearby Jangkrik floater.
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Eni seeks to apply to Africa and the Middle East the pioneering JV strategy it used in Norway to cut debt and earn profit while repositioning itself in a future carbonless world. It starts with Africa’s biggest foreign oil and gas producer shedding its assets.
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Disputes that closed the plant 8 years ago are now resolved, said Italy’s Eni.
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The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.
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The Italian oil and gas major has taken on a 20% stake in the first two phases of the project, which ultimately will be run by Equinor.
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