Eni

The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.

The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.

Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.

Updates about global exploration and production activities and developments.

Updates about global exploration and production activities and developments.

Eni reports its latest deepwater exploration well offshore Côte d'Ivoire found gas and condensate in high-quality Cenomanian sands in the Calao channel complex.

By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.

The vessel, ordered by Eni, is expected to double LNG production at Eni’s project offshore Mozambique to 7 mtpa when it goes online in 2028.

The agreement requires the partners to conduct their own proprietary 3D survey of Block 8 in hope of zeroing in on the sweet spot that eluded the TotalEnergies-led consortium when it drilled a dry hole in an adjacent block in 2023.

The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.