Eni

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.

New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.

New find could hold up to 200 million BOE in place.

The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.

The gas find is likely to be tied back to the nearby Jangkrik floater.

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.

Disputes that closed the plant 8 years ago are now resolved, said Italy’s Eni.

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.

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.