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 …
Vitol Plans Liquefied Petroleum Gas Foray in Kazakhstan
Vitol, the world’s top oil trader, plans to access liquefied petroleum gas (LPG) from the giant Kashagan field in Kazakhstan and may finance the construction of a processing and export facility, industry and company sources told Reuters. LPG is mainly a by-product of oil development at the field and at …
LUKOIL and Eni Signed Agreement on Projects in Mexico
JSC “LUKOIL” and Eni signed Farm-Out Agreement on Blocks 10, 12 and 14 in the Mexico’s shallow waters. The Agreement enables to expand LUKOIL’s exploration portfolio in the region, diversify risks and build up exploration competencies. According to the Agreement, LUKOIL assigns 40% in Block 12 to Eni, retains the …
Energy Majors to Pay Kazakhstan $1.1 Billion to Settle Karachaganak Row
Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion (£844 million) to Kazakhstan to settle a profit-sharing dispute, Kazakhstan’s Energy Ministry said on Monday. Kazakhstan and the consortium led by Shell <RDSa.AS> and Eni <ENI.MI> will also amend the terms of their production-sharing agreement so that the …