Eni
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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South Africa’s Sasol has nixed plans to invest in the proposed African Renaissance Pipeline, opting instead to import LNG by tanker from Mozambique where TotalEnergies, Eni, and ExxonMobil are developing projects.
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Early production from Ndungu expected at 20,000 B/D.
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Contract represents MODEC’s first project for Eni Mexico.
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High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work.
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Azule Energy, a new E&P company, will be independently managed and one of Angola’s largest oil producers.
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A week after its certification was halted, the company managing the Gazprom-operated pipeline has let go its staff and says its website has been attacked.
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Gas discovery the first from nation’s offshore exploration concessions.
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Deal also includes commitment from Eni to drill four wells.
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Subsidies lapse while others take hold in a bid to bolster offshore wind energy capacity around the globe.