153 stories mentioning Eni S.p.A.Updated 7m ago
Eni's renewable arm Plenitude completed a 330-MW solar project in Spain as energy stocks rose late in the session.
Eni (E) has signed a petroleum exploration, development and production license agreement with the government of Gambia for the block A1 offshore the republic, the company said Friday.The block covers 1,300 square kilometers.The deal marks Eni's entry into Gambia, the company said.
Libya's plan to restart the 220,000-barrel-per-day Ras Lanuf refinery could curb fuel imports and reduce crude shipments to Europe, Kpler said in a note on Wednesday.After reaching an agreement with its Emirati partner in mid-May, Libya's National Oil, also known as NOC, took full ownership of Ras Lanuf, ending a years-long dispute and clearing the way for refurbishment work, Kpler said.Kpler expects Libya's oil production to hold near 1.35 million b/d to 1.4 million b/d through 2027, although the firm believes the refinery is more likely to return during the second half of 2027 than within the timeline suggested by the NOC.Libya's energy sector gained momentum this year as TotalEnergies (TTE) and ConocoPhillips (COP) extended the Waha Oil concession through 2050 in January, followed by the country's first licensing round in 17 years in February, Kpler said.Repsol-led groups, MOL, the Eni-QatarEnergy partnership, Chevron (CVX) and Aiteo secured the licenses, while joint projects with Eni (E), Repsol and Sonatrach resulted in three new hydrocarbon discoveries in April, Kpler said.Libya currently refines about 100,000 b/d, with Zawiya accounting for most of that volume, while Marsa El Brega processes about 9,000 b/d, Sarir handles 10,000 b/d and Tobruk contributes roughly 20,000 b/d, Kpler estimates.Libya consumes as much as 250,000 b/d of transport fuels, including 90,000 b/d to 100,000 b/d of gasoline and 140,000 b/d to 150,000 b/d of diesel, Kpler data show.To meet that demand, Libya imports over 150,000 b/d of refined products, sourcing gasoline mainly from Italy, the Netherlands, Belgium and Spain, while diesel supplies largely come from Italy and Turkey.If Ras Lanuf resumes operations, Libya could replace a large share of those imports with domestic production.The refinery would use Amna, Sarir and Mesla crude grades, which currently account for 270,000 b/d to 300,000 b/d of exports, potentially forcing buyers in Italy and the UK to find alternative supplies, Kpler said.Price: $89.62, Change: $+0.22, Percent Change: +0.25%
European equities traded in the US as American depositary receipts were declining late Wednesday morning, falling 0.58% to 1,880.17 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and petroleum refiner Equinor (EQNR), which rose 2.1% and 1.3%, respectively. They were followed by oil and gas company Eni (E) and biopharmaceutical company argenx (ARGX), which were up 1% and 0.5%, respectively.The decliners from continental Europe were led by internet ad firm Criteo (CRTO) and biopharmaceutical company Cellectis (CLLS), which fell 7% and 4.7%, respectively. They were followed by biotech firm Evaxion (EVAX) and software company SAP (SAP), which were down 4.6% and 4.5%, respectively.The gainers from the UK were led by Mereo BioPharma Group (MREO), which advanced 5.6%. It was followed by pharmaceutical company Silence Therapeutics (SLN) and medical device maker Smith & Nephew (SNN), which increased 4.8% and 2%, respectively.The decliners from the UK and Ireland were led by communications company WPP (WPP) and software company Endava (DAVA), which dropped 4.5% and 4.4%, respectively. They were followed by lender Barclays (BCS) and biotech firm Autolus Therapeutics (AUTL), which lost 2.4% and 1.7%, respectively.
Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.5% lower.The United States Oil Fund (USO) was down 2.2% and The United States Natural Gas Fund (UNG) was 2.6% higher.Front-month US West Texas Intermediate crude oil was 1.9% lower at $87.18 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.9% to reach $91.98 per barrel, and natural gas futures were up 5% at $3.04 per 1 million British Thermal Units.Chevron's (CVX) oil production at its Tengiz field in Kazakhstan dropped significantly on Tuesday after an accident, Reuters reported, citing industry sources. Shares of Chevron were down 0.3% pre-bell.Eni (E) Industrial Evolution and Seri Industrial agreed on a joint project to build an integrated industrial supply chain in the lithium iron phosphate battery sector, the oil major said. Eni shares were 0.2% lower premarket.
Eni (E) Industrial Evolution and Seri Industrial agreed on a joint project to build an integrated industrial supply chain in the lithium iron phosphate battery sector, the oil major said Friday.As part of the deal, Eni Industrial Evolution is acquiring a 30% stake in a new company established by Seri Industrial's FIB for 55 million euros ($64.1 million) plus any price adjustments, the company said.The project is aimed at producing lithium iron phosphate battery cells and modules and assembling stationary energy storage for electric mobility, Eni said.The deal is expected to close within five days, the company said.
European equities traded in the US as American depositary receipts were tracking lower late Wednesday morning, declining 0.48% to 1,880.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by internet advertising firm Criteo (CRTO) and biopharmaceutical company argenx (ARGX), which rose 5% and 2.8% respectively. They were followed by consumer goods company Unilever (UL) and biotech firm BioNTech (BNTX), which were up 2.1% and 1.9% respectively.The decliners from continental Europe were led by telecommunications companies Ericsson (ERIC) and Nokia (NOK), which dropped 4.1% and 3.4% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and oil and gas company Eni (E), which lost 3.3% and 3% respectively.The gainers from the UK were led by biotech firm Autolus Therapeutics (AUTL) and software company Endava (DAVA), which advanced 3.7% and 3.4% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and alcoholic beverage company Diageo (DEO), which increased 3% and 2.7% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 13% and 3.2% respectively. They were followed by utilities company National Grid (NGG) and oil and gas company Shell (SHEL), which were down 2.2% and 2.1% respectively.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7% and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Tuesday's premarket activity amid renewed hopes of peace between the US and Iran after President Trump said talks are "proceeding nicely."US stock futures were higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.6%, and Nasdaq futures gaining 1% before the start of regular trading.The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.14 in April from minus 0.15 in March, compared with expectations for a smaller gain to minus 0.03 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index declined to minus 23.6 in May from minus 16.5 in the previous month, compared with the expectations for an increase to minus 13 in a survey compiled by Bloomberg, indicating more widespread contraction in the sector.The Case-Shiller National Home Price index rose by 0.7% in March before seasonal adjustment following a 0.3% increase in February.Consumer confidence data for May is due at 10 am ET.The Dallas Fed's manufacturing reading for May will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 2.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.7%, while the Vanguard Industrials Index Fund (VIS) lost 0.03%, and the iShares US Industrials ETF (IYJ) was flat.Elbit Systems (ESLT) stock was up more than 10% before the opening bell after the company reported higher Q1 non-GAAP earnings and revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% lower.FinVolution (FINV) shares were up more than 5% pre-bell after the company reported higher-than-expected Q1 adjusted earnings and net revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained by 0.02%. The iShares US Consumer Staples ETF (IYK) was down 0.6%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.6%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.Ferrari (RACE) shares were down more than 3% pre-bell a day after the company said it has launched a new all-electric Luce sports car, expanding its lineup with a dedicated electric platform.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) increased by 1.5%, and the iShares US Technology ETF (IYW) was 1.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 4.1%, while the iShares Semiconductor ETF (SOXX) rose by 2.8%.WeRide (WRD) shares were up more than 1% in premarket activity after the company said it will operate its autonomous Robobus at the Roland-Garros for a third consecutive year with Renault Group.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.2%.Eni (E) stock was down more than 2% before the opening bell a day after falling 1.4% at the prior close. The company and its partners, Petroci and Vitol, approved the final investment decision for Cote d'Ivoire's Baleine Phase 3 project, advancing development of the country's largest hydrocarbon discovery.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.6%, while the iShares US Healthcare ETF (IYH) gained by 0.9%. The iShares Biotechnology ETF (IBB) was 0.4% higher.Eli Lilly (LLY) stock was up more than 1% premarket after the company said it agreed to acquire Curevo, LimmaTech Biologics and Vaccine in deals worth up to nearly $3.83 billion in total.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.2% to $97.49 per barrel on the New York Mercantile Exchange. Natural gas was down 1.2% at $2.98 per 1 million British Thermal Units. The United States Oil Fund (USO) retreated by 0.7%, while the United States Natural Gas Fund (UNG) was 0.9% lower.Gold futures for July retreated by 0.5% to $4,521.20 an ounce on the Comex. Silver futures declined by 0.8% to $76.09 an ounce. SPDR Gold Shares (GLD) was down by 0.4%, and the iShares Silver Trust (SLV) fell by 1.3%.
Italian energy giant Eni (E) and partners Petroci and Vitol approved the final investment decision for the Baleine Phase 3 project in offshore Cote d'Ivoire, paving the way for a major increase in oil and gas production from the country's largest-ever hydrocarbon discovery.The Phase 3 development is expected to raise oil production at the Baleine field to 150,000 barrels per day from 60,000 bpd, while natural gas output is set to climb to 200 million cubic feet per day from 80 MMcf/d, according to the company's statement on Monday.The project was approved during a ceremony held in Abidjan, with the country's Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly.It involves the development of a new floating, production, storage and offloading unit, aimed at improving operational efficiency while lowering environmental impact.Eni said the project will continue using its phased, fast-track development approach already deployed in Baleine's earlier phases, allowing production growth while leveraging existing infrastructure and controlling costs.The company also noted that all of the project's output will be allocated to the domestic market, supporting the Ivory Coast's energy needs, expanding electricity generation, while adding to the country's industrial development.Claudio Descalzi, the CEO of ENI, said that the project reflects the company's commitment to "strengthening energy security, supporting local economic development and advancing a lower-carbon energy future."
Eni (E) and partners Petroci and Vitol approved the final investment decision for Cote d'Ivoire's Baleine Phase 3 project, advancing development of the country's largest hydrocarbon discovery, Eni said Monday.The phase 3 development is expected to raise oil production to 150,000 barrels per day from 60,000 barrels and increase gas output to 200 million cubic feet per day from 80 million cubic feet per day, the company added.Eni shares were down 0.6% in premarket activity Tuesday.
Eni (E) signed three long-term agreements to supply liquefied natural gas from its operated South Hub and North Hub gas projects in Indonesia, strengthening its global LNG portfolio, the Italian energy firm said on Thursday.The agreements cover LNG volumes totaling around 2 million metric tons per year from Eni-operated developments in the Kutei Basin, where Eni holds an average participating interest of over 80%.LNG will be supplied through existing infrastructure at the Bontang LNG Terminal, including the reactivation of one production train that has been idle for several years, improving the utilization of existing assets.Eni said the deals reinforce its strategy to expand integrated LNG supply and support its target of over 20 MTPA of contracted LNG volumes by 2030.The company currently produces about 90,000 barrels of oil equivalent per day in Indonesia, primarily from its offshore Jangkrik and Merakes fields.
Eni (E), Petroci, and Vitol approved the final investment decision for Baleine Phase 3, targeting 150,000 barrels per day of oil output, Eni said Monday.The Baleine Phase 3 expansion will increase crude production to 150,000 b/d from 60,000 b/d, while gas output will rise to 200 million cubic feet per day from 80 MMcf/d, according to the company.Cote d'Ivoire Energy Minister Mamadou Sangafowa-Coulibaly attended the approval ceremony in Abidjan as Eni and its partners advanced development of the country's largest hydrocarbon discovery.The project includes a new floating production, storage and offloading unit that will help improve efficiency, increase safety standards and reduce environmental impact.Eni will use the phased development model from Baleine's earlier stages to speed up production, lower development costs and make better use of existing infrastructure.The partners will direct all gas from Baleine Phase 3 to Cote d'Ivoire's domestic market to help expand electricity generation and support industrial growth nationwide.Eni Chief Executive Officer Claudio Descalzi said the project highlights the company's fast-track development model while supporting energy security, economic growth and lower-carbon energy goals.Eni has operated in Cote d'Ivoire since 2015, where it discovered the Baleine and Calao fields and supported education, healthcare, training and local business initiatives.Price: $54.39, Change: $-0.75, Percent Change: -1.36%
European equities traded in the US as American depositary receipts were trending slightly higher late Friday morning, edging up 0.11% to 1,880.31 on the S&P Europe Select ADR Index, which has surged 3% for the week so far.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and semiconductor company Sequans Communications (SQNS), which climbed 8.1% and 2.7% respectively. They were followed by furniture maker Natuzzi (NTZ) and telecommunications company Ericsson (ERIC), which increased 3.1% and 1.9% respectively.The decliners from continental Europe were led by oil and gas company Eni (E) and lender Banco Santander (SAN), which dropped 2.3% and 1.6% respectively. They were followed by biopharmaceutical company Grifols (GRFS) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which lost 1.4% and 0.9% respectively.The gainers from the UK were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Mereo BioPharma (MREO), which advanced 73% and 6.7% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Bicycle Therapeutics (BCYC), which were up 3.6% and 1.1% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and biotech firm Trinity Biotech (TRIB), which fell 3.1% and 2.4% respectively. They were followed by insurance company Prudential (PUK) and pharmaceutical company Silence Therapeutics (SLN), which were down 1.7% and 0.2% respectively.
European equities traded in the US as American depositary receipts were tracking marginally lower late Thursday morning to 1,863.63 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and oil and gas company Eni (E), which rose 3.7% each. They were followed by medical device maker EDAP TMS (EDAP) and petroleum reformer Equinor (EQNR), which were up 1.3% and 0.7% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and pharmaceutical company Novo Nordisk (NVO), which decreased 2.6% each. They were followed by software firm SAP (SAP) and biopharmaceutical company DBV Technologies (DBVT), which were down 2.1% and 1% respectively.The gainers from the UK were led by biopharmaceutical company Akari Therapeutics (AKTX) and utilities company National Grid (NGG), which advanced 5.4% and 1.4% respectively. They were followed by tobacco company British American Tobacco (BTI) and biotech company Autolus Therapeutics (AUTL), which increased 1.3% and 0.9% respectively.The decliners from the UK and Ireland were led by software company Endava (DAVA) and telecommunications operator Vodafone Group (VOD), which lost 15.5% and 2.1% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and lender Lloyds Banking Group (LYG), which were off 2% and 1.2% respectively.
Energy stocks were leaning lower pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.5%.The United States Oil Fund (USO) was down 1.5% and the United States Natural Gas Fund (UNG) was 9.7% higher.Front-month US West Texas Intermediate crude oil was 1.8% lower at $103.58 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $107.89 per barrel, and natural gas futures were up 3% at $3.05 per 1 million British Thermal Units.ConocoPhillips (COP) and Glenfarne Group's subsidiary have signed a 30-year agreement to supply North Slope natural gas for phase one of the Alaska LNG project, the companies said. ConocoPhillips shares were down 1% premarket.Phillips 66 (PSX) shares were down nearly 2% after the company said it is proceeding with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator to expand its natural gas operations.Eni (E) said it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium-term note program. Eni stock was 0.6% higher pre-bell.
Eni (E) said Monday it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium term note program.The company said the bonds are intended for institutional investors and will be used to help maintain a balanced financial structure, with proceeds earmarked for general corporate purposes.The bonds will be listed on the regulated markets of Borsa Italiana and the Luxembourg Stock Exchange, it added.
European equities traded in the US as American depositary receipts were moving higher late Thursday morning, rising 0.43% to 1,852.92 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and 3D printer company Materialise (MTLS), which climbed 11.4% and 10.4% respectively. They were followed by lender ING Group (ING) and biopharmaceutical company Cellectis (CLLS), which increased 2.3% and 2.1% respectively.The decliners from continental Europe were led by pharmaceutical company Novo Nordisk (NVO) and internet browser company Opera (OPRA), which fell 1.7% and 1.6% respectively. They were followed by oil and gas company Eni (E) and lender Banco Santander (SAN), which were off 1.3% and 0.5% respectively.The gainers from the UK were led by biopharmaceutical companies NuCana (NCNA) and Akari Therapeutics (AKTX), which advanced 9.6% and 3.2% respectively. They were followed by communications company WPP (WPP) and lender Barclays (BCS), which were up 2.8% and 2.4% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and mining company BHP Group (BHP), which dropped 9.9% and 2.1% respectively. They were followed by biopharmaceutical company Amarin (AMRN) and pharmaceutical company AstraZeneca (AZN), which were down 1.3% each.
Energy stocks were higher late Tuesday afternoon with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 0.8%.The Philadelphia Oil Service Sector Index climbed 2.3%, and the Dow Jones US Utilities Index increased 0.3%.Oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed. Front-month West Texas Intermediate gained 4.3% to $102.28 a barrel, and global benchmark Brent advanced 3.4% to $107.78 a barrel.Henry Hub natural gas futures fell 2.4% to $2.84 per 1 million BTU.In corporate news, TotalEnergies (TTE) and its partners ConocoPhillips (COP) and QatarEnergy signed a memorandum of understanding Tuesday with Syrian Petroleum relating to the exploration of block 3, offshore Syria in the eastern Mediterranean Sea, the company said. TotalEnergies shares rose 1.3%, and ConocoPhillips added 2.2%.Ecopetrol (EC) said Tuesday its President Ricardo Roa has been charged with alleged violations of spending limits related to the country's 2022 presidential campaign following a probe by Colombia's General Prosecutor's Office. Ecopetrol shares were up 2.7%.Targa Resources (TRGP) is positioned for growth into 2026 and beyond, supported by strong Permian volume growth and potential upside from commodity price tailwinds, RBC Capital Markets said. Targa shares gained 1.1%.Eni (E) asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported. Eni shares rose 0.6%.
Energy stocks gained Tuesday afternoon with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.1%.The Philadelphia Oil Service Sector Index climbed 1.4%, and the Dow Jones US Utilities Index edged up 0.1%.Oil prices rose as a faltering ceasefire between the US and Iran kept the Strait of Hormuz closed. Front-month West Texas Intermediate gained 3.6% to $101.57 a barrel, and global benchmark Brent advanced 3.1% to $107.43 a barrel.Henry Hub natural gas futures fell 3.1% to $2.819 per 1 million BTU.In corporate news, Targa Resources (TRGP) is positioned for growth into 2026 and beyond, supported by strong Permian volume growth and potential upside from commodity price tailwinds, RBC Capital Markets said. Targa shares gained 1.3%.Eni (E) asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported. Eni shares rose 0.6%.Shell (SHEL) plans to divest its gasoline station network in France, according to a Google translation of a report from French newspaper Les Echos. Shell shares eased 0.1%.
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1%.The Philadelphia Oil Service Sector Index was climbing 1.3%, and the Dow Jones US Utilities Index decreased 0.1%.Front-month West Texas Intermediate crude oil was rising 3.4% to $101.48 a barrel, and the global benchmark Brent crude contract was advancing 3% to $107.31 a barrel. Henry Hub natural gas futures fell 3.2% to $2.82 per 1 million BTU.In corporate news, Eni (E) has asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported. Eni shares rose 0.2%.
Eni (E) has asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported Tuesday, citing people familiar with the matter.The discussions are still at an early stage and may not result in a deal, the report said. It added that, if completed, the transaction could raise at least 1 billion euros for Eni.Apollo, Eni, KKR, Morgan Stanley, and Stonepeak declined to comment to Reuters. The companies didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.49, Change: $+0.02, Percent Change: +0.05%
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