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LNG-powered truck will undergo test runs category
Sept. 8, 2018

LNG-powered truck will undergo test runs

The liquefied natural gas (LNG)-powered truck will undergo test runs to understand its safety and economic feasibility, informed the state-run Korea Gas Corp. (KOGAS) on Friday. This truck has been developed in cooperation with KOGAS and Daewoo Tata Commercial Vehicle Company, nation’s second-largest truck manufacturer. This 400 horsepower LNG powered-truck will have an engine by Italy’s Fiat Powertrain Technologies and it will be built on Tata Daewoo frame.

Eni discovers a gas well in Egypt category
Aug. 31, 2018
Source: World Oil

Eni discovers a gas well in Egypt

Italy’s oil and gas major, Eni has discovered gas in the Egyptian Western Desert. The 17,000 ft well was drilled on the Faramid South in East Obayed concession whose capacity is 25 MMscfd. After drilling, numerous gas-bearing layers in Kathabta sandstones were encountered. Eni is making efforts to increase the gas production capacity of the company from the Western Desert basin.

Algeria signs a deal with Spain and Italy category
Aug. 16, 2018
Source:

Algeria signs a deal with Spain and Italy

Algerian state energy firm’s head informed that the country has signed an agreement with Spain and Italy’s Eni to provide gas. 9 bcm of gas per year will be supplied to Spain for a period of nine years and 3 bcm of gas per year will be supplied to Eni for an unspecified period of time. Talks between Sonatrach and Shell are in progress over the joint projects in Algeria.

Saipem receives several new contracts category
July 26, 2018
Source: Energy Voice

Saipem receives several new contracts

Italian oil firm, Saipem in an announcement said that it has received more than £600 million worth of contract for projects across Saudi Arabia, Serbia, Mexico, Iraq, and Nigeria. Further, the company also declared contract awards from ExxonMobil and Petróleos Mexicanos for various projects and it will also be leading a JV with Chiyoda and Daewoo, a FEED contract awarded by Nigeria LNG Limited.

New direction to Italy and Azerbaijan relations category
July 20, 2018
Source: Azer Tac

New direction to Italy and Azerbaijan relations

A new polymer plant has been constructed under SOCAR Polymer project in Sumgayit Chemical Industrial Park. This project strengthens the industrial potential of Azerbaijan, commented the Italian President while talking about the significance of the project during the inauguration of the same. Talking about the relations of Italy and Azerbaijan, he thanked SOCAR and Maire Tecnimont for the success of the project.

Eni’s new oil find in Egypt category
July 14, 2018

Eni’s new oil find in Egypt

Italian oil firm, Eni yesterday announced the discovery of second light oil in the Egyptian Western Desert. The well has, until now, delivered 5,130 barrels of oil per day of light oil with low associated gas. Eni is now planning to drill other exploratory prospects located nearby which might lead to a new productive area for the oil major in Egypt.

Eni commits to achieving carbon neutrality category
July 3, 2018
Source: Oil Price

Eni commits to achieving carbon neutrality

Chief Executive of Italian oil major, Eni said yesterday that the company will announce the binding commitments to achieve carbon neutral state, by the end of 2018. Eni’s announcement to achieve carbon neutrality will be the first by an oil major. Some of the other big players have specified goals to reduce or at least keep carbon emissions flat, in the light of increasing pressure from investors and shareholders.

Eni ends upstream business in Croatia category
June 24, 2018
Source: World Oil

Eni ends upstream business in Croatia

In a major stake acquisition deal, Eni has sold 100% of its interests in Croatia to the Croatian multinational, INA-INDUSTRIJA NAFTE, d.d. Eni Croatia b.v has an oil production of about 2,500 boed. INA and Eni are coming to an agreement for the supply of natural gas from Croatia to the Italian market. This deal marks the end of Eni’s upstream business in Croatia’s upstream segment.

Eni announces oil discovery in Egypt's Faghur basin category
May 4, 2018
Source: World Oil

Eni announces oil discovery in Egypt's Faghur basin

Eni, the Italian oil major has reported an oil discovery in the Faghur basin located in the Egyptian Western Desert. It will the first well drilled by Eni for exploring the deep geological sequences of the Faghur basin. The well has been opened to production and delivered 2,300 bpd of light oil (32° API) and 0.4 MMscfd of associated gas.

ENi has no intention to pull out of Rosneft category
April 19, 2018

ENi has no intention to pull out of Rosneft

Despite major new sanctions imposed against Russia by the United States earlier this month, Italian oil major Eni has no plans to pull out of its joint venture with Russia’s Rosneft. The CEO of Eni has said that working in cooperation with Roseneft is strategic for the energy security of Italy.

Eni and Qatar Petroleum in talks for a deal on giant Mexico field category
April 6, 2018
Source: World Oil

Eni and Qatar Petroleum in talks for a deal on giant Mexico field

Eni Spa, the Italian oil major, is in talks to sell 20% to 35% of its stake in its giant oil discovery in Mexico to Qatar Petroleum International. Presently, the negotiation isn’t public. Since Mexico opened its oil industry to competition in 2013, this deal would be the first Mexico farm-out, a joint venture in which help in developing an oil area is exchanged for a stake.

Eni enters 40 year deal worth USD 875 mn with ADNOC category
March 12, 2018

Eni enters 40 year deal worth USD 875 mn with ADNOC

ADNOC has entered into a 40 year liaison with the Italian oil syndicate Eni. This marks the entry of an Italian energy establishment in Abu Dhabi’s oil and gas sector with a 10% stake in the Umm Shaif and Nasr offshore oil and 5% holding in Lower Zakum. ADNOC CEO believes that this partnership shall enhance their growth prospects and upgrade integration across the upstream sector.

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