Eni Receives Approval for the Abay Subsoil Use Right
The Kazakh Ministry of Energy, KazMunayGas and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea. he Kazakh Ministry of Energy, KazMunayGas (KMG) and …
Eni and IBM Boost Geological Data Interpretation Thanks to Artificial Intelligence Platform
Eni and IBM announced the first results of a multiyear collaboration using artificial intelligence (AI) by launching the research platform “Cognitive Discovery”. The objective of the new platform is to support Eni’s decision-making during the initial stages of the exploration phase, in order to significantly reduce the exploration risks linked …
Oil Output at Kazakhstan’s Kashagan Hits Record of 400,000 bpd
Oil output at Kazakhstan’s Kashagan field reached an all-time high of 400,000 barrels per day (bpd) on Tuesday, three sources familiar with daily production data told Reuters. Oil production on Kashagan might rise further to 410,000 bpd in coming months, two industry sources familiar with the development plan said. Output …
Eni in Kazakhstan for All-Round Cooperation in Technological Upstream Ventures and Cultural Initiatives
Eni’s subsidiary Agip Caspian Sea B.V today has signed two Memorandum of Understanding (MoU) in Nur-Sultan, Kazakhstan. The agreements sanction the company’s commitment towards projects aimed at promoting technological cooperation in the oil and gas upstream exploration and production, as well as the unveiling of an initiative for the creation …
Eni: Shareholders’ Meetings Approves 2018 Financial Statements
2018 net profit, € 3.17 billion Total dividend per share for 2018 of € 0.83 Authorisation to the Board of Directors for buy-back programme of Eni shares Remuneration Report assented Download the press release (PDF) Rome, 14 May 2019 – The Ordinary Meeting of Eni’s Shareholders, held today, resolved the following: …
Eni’s New Sustainability Report Shows Transformation to Tackle Global Challenges
Eni is releasing today Eni For 2018, its 13th sustainability report, showing how the company is transforming itself to face global challenges and contribute to delivering on the United Nations’ Sustainable Development Goals. Eni For highlights the work Eni has carried forward in 2018 and the targets for the next years in priority …
Eni: First Quarter 2019 Results
Today, Eni’s Board of Directors approved the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked: “I am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a substantially unchanged …
Eni: Fitch Ratings Affirms Long Term and Short Term Solicited Ratings
Fitch Ratings has affirmed Eni’s long-term solicited rating at “A-” with stable outlook. The rating expresses the strong credit quality of Eni and reflects, according to Fitch, its growth prospects and strong asset diversification. Fitch has also assigned the expected short-term solicited rating at “F1 (EXP)”. source
Plexus Holdings PLC: Russian Licensee Awarded Gas Exploration Drilling Contract by Gazprom
First major contract for POS-GRIP rental exploration wellhead equipment secured by Russian licensing partner with global energy giant Gazprom Covers the first year of a five-year jack-up gas exploration drilling programme which provides additional revenue stream for Plexus under existing Licence Agreement Breakthrough order in what is a key market …
Eni: Full Year 2018 and Fourth Quarter Results
Yesterday, Eni’s Board of Directors approved the Group results for the full year and the fourth quarter of 2018 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked: “2018 was a strong year for Eni both financially and operationally, which was characterized by a robust fourth quarter performance. We …