Eni

The benchmark comes as operator Eni solidifies concession agreements and ramps up exploration and development in the North African country.

The Italian firm is slated to become the first international operator to produce oil from Mexican waters since energy reform took hold. The launch of early production from Area 1 is expected in first-half 2019.

The memorandum of understanding signed by Eni and the Italian National Agency for New Technologies, Energy, and Sustainable Economic Development involves strategic areas of interest: the circular economy, renewable energy sources, decarbonization, and environmental protection.

Energy companies are looking to distributed ledger technology—otherwise known as blockchain—to help navigate the complex transactional systems that make up their operations. What is blockchain, and what makes it valuable to our industry?

The startup of the 1300-m water depth field is Eni’s fifth new field since 2014 in its West End development offshore Angola.

Partnerships are proving key in developing and sustaining big offshore projects internationally, with Eni now teaming with ADNOC off Abu Dhabi and farming out another stake in the Zohr gas field off Egypt.

Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.

ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities and assume midstream operations in Mozambique’s Area 4. Eni will continue to lead the Coral floating LNG project and all upstream operations.

Air Products, BHGE, Norsafe, and Sofec won contracts for Eni’s Coral South FLNG project in Mozambique.

Eni finalized a USD 7-billion investment in the Coral South FLNG project, the first offshore development in Mozambique. Service and equipment providers are announcing their awarded contracts.