Eni: Standard & Poor’s Raises Long Term Credit Rating to A-
Rating agency Standard & Poor’s has raised Eni’s long-term credit rating to ‘A-’ with Stable outlook. Standard & Poor’s also confirmed Eni’s ‘A-2’ short-term credit rating. S&P‘s decision is based on the improvement in Eni’s current and forecasted credit metrics, thanks to the company’s debt reduction and cash flow generation. …
Luca Vignati, Executive Vice President, Central Asia Region at Eni, Talks About the Firm’s Journey in Kazakhstan, its Key Achievements Over the Last Year, and Support from the Authorities
How would you describe Eni’s remarkable journey in Kazakhstan since the company first established in the local market in 1992? The past 25-plus years in Kazakhstan have been an incredibly exciting for Eni, and we are very proud to have been engaged in two world-class projects—Karachaganak and Kashagan—since their inception. …
Karachaganak: Dispute to End Shortly?
Kazakhstan aims to settle its profit-sharing dispute with energy majors developing the Karachaganak gas condensate field within a month, the energy minister said on Thursday. The former Soviet republic expects a large one-off payment from the companies and a higher share of future revenues from the development of one of …
Eni: HPC4 Supercomputer Delivers Record Breaking Reservoir Model Simulations
Eni’s industry-leading HPC4 supercomputer, recently deployed in Eni’s Green Data Center facility, performed a breakthrough calculation, opening the path to a new era for reservoir engineering numerical modeling. HPC4 executed 100,000 high-resolution reservoir model simulation runs, taking into account geological uncertainties, in a record time of 15 hours. In comparison, …
Rosneft: Completes Super Deep Maria-1 Well at the Zapadno-Chernomorskaya License Area
Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well discovered a unique carbonate structure with …
Eni: Full Year 2017 and Fourth Quarter Results
Exploration & Production Hydrocarbon production at record level: – reached 1.92 million boe/d in December 2017, marking an all-time high for Eni; – produced an average of 1.89 million boe/d in the fourth quarter, the highest quarterly production in the last seven years (up by 1.9%); FY production averaged 1.82 …
Eni: Acquires 50% of the Isatay Block in Kazakhstan
The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …
Eni: To Form Joint Operating Copany with JSC NC KMG for the Isatay Block
JSC KazMunayGas (KMG) Chief Executive Officer, Sauat Mynbayev and Eni’s CEO, Claudio Descalzi signed an agreement today at the Foreign Investors’ Council in Astana. The agreement renews the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block, located in the Caspian Sea, …
Rosneft and Eni To Extend Cooperation in Russia and Abroad
Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin and Eni CEO Claudio Descalzi in the presence of Russian President Vladimir Putin …
Eni Signs MoU with Gazprom
Gazprom CEO Alexey Miller and Eni S.p.A. CEO Claudio Descalzi today signed a Memorandum of Understanding. The document reflects the parties’ interest in analyzing the prospects for cooperation in developing the southern corridor for gas supplies from Russia to European countries, including Italy, as well as the modernization of the …