The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
Italy's Eni considers Libya a key country for upstream activities and plans to start exploration in the Ghadames basin next year, the energy group's head of North Africa and Levant said on Monday.
E is in talks with several funds to sell a 10% stake in its renewable unit Plenitude, valued at over 10 billion euros, as part of its strategy to fund its energy transition.
Italian energy group Eni is in talks with several funds over the potential sale of a minority stake in its renewable and retail business Plenitude, two sources with knowledge of the matter said on Friday.
E restructures its business to unlock satellite company value, drive chemical division transformation and accelerate decarbonization efforts.
E is set to begin construction of its third biorefinery in Livorno after receiving approval from Italian regulators, advancing its mission to achieve carbon neutrality by 2050.
Italy's Eni has approved a new business structure to enhance the value of its satellite companies such as Plenitude and Enilive and consider new partners and future public listings, the energy group said on Thursday.
E and SOCAR sign three MOUs to enhance energy security, reduce emissions and explore biofuel production ahead of COP29 in Azerbaijan.
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E and Snam kick off CO2 injection at Italy's first CCS project in Ravenna, setting the stage for significant emission reductions and driving industrial decarbonization.
Eni and Snam have launched Italy's first carbon capture, transport and storage (CCS) project to help heavy polluting industries cut carbon dioxide (CO2) emissions, they said on Tuesday.
Eni (E) gets the green signal for two new gas projects in Indonesia, enhancing its Kutei Basin operations and increasing gas and condensates production.