Latest news
Eni to abandon shale gas projects in Poland
Italian energy firm Eni intends to abandon its shale gas projects in Poland due to unclear regulation and difficult geology, the same concerns that have already pushed other foreign firms as Marathon Oil, Talisman Energy and Exxon Mobil, to quit Polish shale. If Eni will leave as well, Chevron and ConocoPhillips would be the last two companies committed to a shale gas industry in Poland.
read more... 15/01/2014
Gazprom increased its gas supplies to Europe
Last year, Gazprom increased by 16 % the supply of natural gas to Europe to 161.5 billion cubic meters, with Germany, Italy and the U.K. ledding the increase in gas imports from Russia. European customers such as Germany’s RWE AG and Italy’s Eni SpA obtained lower gas prices under their long-term supply contracts with Gazprom. Supplies to Italy increased by more than 60 %.
read more... 02/01/2014
Eni and GasTerra have signed a long-term gas supply contract
Eni has signed a deal with GasTerra over long-term Dutch gas supply contracts following which the Italian oil and gas group would obtain a major price cut and would boost its results. Eni is currently renegotiating contract terms with a range of other companies amid weaker demand in Europe. The renegotiation of contracts with GasTerra will have a positive impact on 2013 results.
read more... 20/12/2013
New oil and gas discovery for Eni in the Norwegian Barents Sea
The Italian company has announced in a press release that it has made a new oil and gas discovery in the Norwegian Barents Sea. The discovery is about 240 km from Hammerfest, and the company said that the well has confirmed good quality oil and gas, with volumes of recoverable oil estimated at between 20 and 50 million barrels. The discovery is part of Eni’s joint venture exploration activity to develop the Johan Castberg field.
read more... 10/12/2013
Eni and Rosneft signed agreements on oil supplies to Europe
Russia's Rosneft, the world's top listed oil producer, and Italy’s Eni have signed an agreement regarding oil supplies to European refineries. The new strategic accord was signed amid increased cooperation and growing trades between Russia and Italy. Under the terms of the deal, Rosneft would furnish something like 1 million tonnes of oil to Eni's refineries, while Eni would supply 400,000 tonnes.
read more... 03/12/2013