Ghana's oil and gas sector gets a boost as Eni and GNPC strengthen their collaboration to optimize production, explore new reserves and ensure sustainable output.
Lower throughputs and average liquids price realization hurt E's earnings in Q4.
Italian energy group Eni said on Thursday its fourth-quarter adjusted net profit fell 46% with respect to the previous year, hit by lower energy prices and continued weakness at its refining and chemicals divisions.
Eni and Malaysia's state energy firm Petroliam Nasional Bhd (Petronas) signed a memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia, the Italian energy group said on Thursday.
Investors interested in Energy stocks can keep an eye on the fourth-quarter 2024 earnings reports of OII, PUMP, E and NOG.
Italian energy group Eni signed an agreement on Monday to export Cyprus' offshore gas via Egypt, hailing it as a "milestone" towards the creation of a gas hub in the eastern Mediterranean.
E's newly built Guajillo plant is the company's largest battery storage system, equipped with lithium-ion LFP batteries.
Eni is set to sell an additional 3 billion euros in assets by 2025, bringing it closer to its 8 billion euro goal ahead of schedule as it focuses on its energy transition strategy.
E is set to resume drilling at Egypt's Zohr gas field, aiming to increase production amid declining domestic output and revive Egypt's energy export potential.
A drilling ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said.
E begins Baleine Phase 2, raising oil and gas output in Cote d'Ivoire to new heights and advancing its net-zero emission goals.
Italy's Eni on Saturday started a second phase of oil and gas production at Ivory Coast's offshore Baleine field, the energy group said on Saturday.