E expands its renewable fuels business through a BMW partnership, boosting HVO adoption and strengthening its sustainable mobility strategy.
Italian energy group Eni and battery storage firm Seri Industrial announced on Monday the launch of FAENIX, a new company which will specialise in the commercial and technological development of Europe's lithium iron phosphate (LFP) stationary battery supply chain.
The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation and reducing energy demand, if the Middle East conflict continues, Claudio Descalzi, the CEO of Italian state-controlled group Eni said.
E expands into fusion energy through a new JV with UKAEA, combining fuel-cycle expertise and industrial capabilities to support the growing clean energy market.
Eni's Sabratha Compression Project aims to sustain Bahr Essalam gas output, boost recoverable volumes and support Libya's power needs and exports to Italy.
E strengthens its Vaca Muerta presence through a 32% stake in three gas blocks, supporting its upstream and LNG growth strategy.
E reaches FID on Angola's Greater PAJ Project, a cross-block offshore development that is expected to boost future production and cash flow.
Italian energy group Eni and local utility Hera said on Tuesday they had completed a €100-million ($116 million) environmental hub in Ravenna, northeast Italy, for circular economy activities and industrial waste management.
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Italy's Eni and Malaysia's Petronas have established Searah, a 50-50 joint venture combining key energy businesses across Indonesia and Malaysia, the two companies said on Monday.
E and FIB teams up to build lithium iron phosphate batteries in Italy, from cells to storage systems, with plans to add recycling later.
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