Eni partners IRENA to promote renewable energy and accelerate the energy transition

AFRICA – Eni, multinational oil and gas company, and the International Renewable Energy Agency (IRENA) have entered a three-year partnership agreement to collaborate in the promotion of renewable energy and accelerate the energy transition, particularly in countries that export fossil fuels. Under the terms of the agreement, Eni and IRENA will work together to foster dialogue and share their experiences on accelerating energy transition and renewable energy development in fossil fuel exporting countries, as well as to identify barriers to private sector investment in renewable energy in countries where Eni…

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Oil and gas company Eni discovers oil in block CI-101 offshore Ivory Coast

IVORY COAST – Eni, an oil and gas company, has announced a major oil discovery in block CI-101 offshore Ivory Coast which is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase.  The discovery well has been drilled on the Baleine prospect, with the support of the Government in the difficult context of the pandemic-covid-19. Baleine-1x discovered light oil (40° API) in two different stratigraphic levels. An evaluation program will be carried out to assess the significant upside potential of the overall structure…

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Eni and Kenyan government sign MoU to promote biofuels

KENYA – Oil and gas company Eni and Kenya’s Ministry of Petroleum and Mining have signed a Memorandum of Understanding (MoU) to promote the decarbonization process. The MoU will tackle climate change through new industrial models of a fully integrated circular economy along the whole biofuel production value chain. They will jointly conduct feasibility studies to develop waste and residue collection as well as agricultural projects, with the purpose of establishing a wide range of feedstock sources that do not compete with food cycles, to be transformed into biofuels and…

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Oil group ENI signs deal to assess feasibility of producing hydrogen in Egypt

EGYPT – The oil group ENI has signed an agreement with state-owned Egyptian Electricity Holding Company (EEHC)and Egyptian Natural Gas Holding Company (EGAS) signed a deal to assess the feasibility of producing hydrogen in Egypt. The move is part of Eni’s major overhaul launched last year to transition into renewables and taper off its oil and gas output. The groups will conduct a study into joint projects to produce both green hydrogens, using electricity generated from renewables, and blue hydrogen, through the storage of carbon dioxide. The review will also…

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Oil & gas company Eni agrees to merge Meleiha and Meleiha Deep concessions in Egypt

EGYPT – Eni SPA E, an Italian multinational oil and gas, has agreed to merge the Meleiha and Meleiha Deep concessions in the Western Desert of Egypt. It has signed a deal with the Egyptian General Petroleum Corporation (EGPC) and Lukoil, which renamed the combined concessions as Merged Meleiha. The deal also extended the Merged Meleiha’s concessions to 2036, with possibilities of stretching the time period further to 2041. This is expected to unlock the true potential of the area’s resources. The company is expected to use high-resolution 3D seismic…

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Italian Eni partners Algeria’s Sonatrach for research, development and decarbonization sectors

ALGERIA – Eni, an Italian multinational oil and gas, has strengthen its partnership with Sonatrach, the national state-owned oil company of Algeria, with new agreements in the exploration and production, research and development, decarbonisation and training fields. These agreements mark a further step forward in strengthening the partnership between the two companies. The first of the agreements signed aims to implement an ambitious program for the relaunch of exploration and development activities in the Berkine basin region and provides for the creation of a gas and crude oil development hub…

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Oil and gas major Eni closes agreement to revive Egyptian liquefaction plant

EGYPT – Eni, a multinational oil and gas company, has announced that it has closed the agreement it signed in December 2020 with its Egyptian and Spanish partners to revive the Damietta liquefaction plant. The deal, which it signed with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy will enable it to restart the 7.56 billion cubic meters per year Damietta liquefaction plant. The agreement will settle Union Fenosa Gas and SEGAS’s outstanding disputes…

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ExxonMobil postpones final investment decision on Rovuma LNG project once again

MOZAMBIQUE – American multinational oil and gas corporation Exxon has postponed for the third consecutive year the Final Investment Decision on the natural gas exploration project in Mozambique, putting the US$30 billion investment in doubt. According to Bloomberg news agency, which quotes the company’s Senior Vice President Neil Chapman, during a conversation with analysts, there is no forecast on when the investment decision will be made on the natural gas plant in the Rovuma basin, as the oil company needs to secure power supplies from the neighbouring plant operated by…

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Total to press on with Mozambique LNG project in spite of insurgency

MOZAMBIQUE – Total intends to continue its major gas project in Mozambique despite the armed insurgency that has plagued the country since 2017 as it trusts the authorities to ensure its safety, in return for a solid financial contribution. Armed insurgency has been targeting the central government in Maputo in the Cabo Delgado province, where most of the major gas discoveries have been made in recent years. The insurgency is led by al-Shabab, a group that pledged allegiance to the Islamic state in 2019 and who is increasing attacks in…

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Italian energy company ENI signs agreement to restart LNG plant in Damietta

EGYPT – Italian energy company ENI has signed a series of agreements with its partners to restart the liquefied natural gas (LNG) plant in Damietta by the first quarter of 2021 and for the amicable settlement of disputes related to Union Fenosa Gas. Agreements were signed with the Egyptian government, the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy. This comes with what ENI is describing as the “amicable settlement” of disputes of Union Fenosa Gas and SEGAS with EGAS and…

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