FINWIRES · TerminalLIVE
FINWIRES
Eni S.p.A.

Eni S.p.A.

$E
NYSEEnergy

214 stories mentioning Eni S.p.A.Updated 2d ago

Eni's renewable arm Plenitude completed a 330-MW solar project in Spain as energy stocks rose late in the session.

What are analysts saying about Eni S.p.A.?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on Eni S.p.A.?

Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks rose late Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index shed 0.1%, and the Dow Jones US Utilities Index increased 0.5%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 5.8% to $91.90 a barrel, and global benchmark Brent surged 6.7% to $100.37. Henry Hub natural gas futures decreased 0.6% to $2.91 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, TotalEnergies (TTE) shares rose 1.6% after it reported stronger-than-expected Q2 adjusted earnings and revenue.Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares added 1.8%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 5.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares climbed 3%.

$E$EQNR$MTDR$TTE
Sectors

Sector Update: Energy Stocks Higher Thursday Afternoon

Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index climbed 0.4%, and the Dow Jones US Utilities Index increased 0.2%.Brent crude futures topped $100 a barrel for the first time since May after the US-Iran conflict widened, with Yemen's Iran-aligned Houthis claiming attacks on two Saudi Arabian oil tankers in the Red Sea, news outlets reported.West Texas Intermediate crude oil jumped 6.6% to $92.52 a barrel, and global benchmark Brent surged 7.3% to $100.91. Henry Hub natural gas futures rose 0.3% to $2.93 per 1 million BTU.In sector news, US natural gas stocks rose by 32 billion cubic feet in the week ended July 17, a smaller increase than the 34-billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 41 billion cubic feet in the previous week.In corporate news, Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday. Eni shares rose 2.1%.Matador Resources (MTDR) agreed to buy Paloma Permian, a portfolio company of EnCap Investments, for $1.28 billion. Matador shares fell 4.6%.Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note. RBC upgraded the stock's rating to sector perform from underperform. Equinor shares rose 3.7%.

$E$EQNR$MTDR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Fall in Thursday Trading

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, falling 0.9% to 1,901.24 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and medical device maker EDAP TMS (FOCL), which rose 5.3% and 4.4% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 3.7% and 2.1% respectively.The decliners from continental Europe were led by biopharmaceutical company Grifols (GRFS) and lender Banco Santander (SAN), which dropped 4.2% and 3.6% respectively. They were followed by brewing company Anheuser-Busch InBev (BUD) and accommodations booking site trivago (TRVG), which lost 3.1% and 2.9% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and oil and gas company BP (BP), which advanced 2.8% and 2.3% respectively. They were followed by oil and gas company Shell (SHEL), which increased 1.6%.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), which fell 5.4% and 3.3% respectively. They were followed by alcoholic beverage company Diageo (DEO) and educational publisher Pearson (PSO), which were down 2.4% and 0.4% respectively.

$ARGX$BP$BTI$BUD$DEO$E$EQNR$FOCL$GRFS$MREO$PSO$SAN$SHEL$TRIB$TRVG
Wire

Correction: Ares Receives EU Clearance for Joint Control of Eni Plenitude

(Corrects the ticker symbol for Ares Management in the first paragraph.)Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday.The Commission said the transaction, which relates primarily to the energy sector, doesn't raise competition concerns because Ares is not active in the same or vertically related markets as Eni Plenitude.The deal was reviewed under the Commission's simplified merger review procedure, it said.Price: $52.18, Change: $+1.10, Percent Change: +2.15%

$ARE$ARES$E
Sectors

Sector Update: Energy Stocks Rise Premarket Thursday

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.7%.The United States Oil Fund (USO) was up 5.6% and the United States Natural Gas Fund (UNG) was 1.8% higher.Front-month US West Texas Intermediate crude oil was 4.6% higher at $90.79 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 5.9% to $99.64 per barrel, and natural gas futures were up 1.6% at $2.97 per 1 million British Thermal Units.TotalEnergies (TTE) stock was up more than 2% after the company reported higher Q2 adjusted earnings and revenue.Ares Management (ARES) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said. Eni shares were up more than 1% premarket.Oceaneering International (OII) stock was up more than 4% after the company posted higher fiscal Q2 non-GAAP net income and revenue.

$ARES$E$OII$TTE$UNG$USO$XLE
Equities

Ares Receives EU Clearance for Joint Control of Eni Plenitude

Ares Management (ARE) received clearance from the European Commission to acquire joint control of Eni Plenitude alongside parent Eni (E), the EU's competition watchdog said Thursday.The Commission said the transaction, which relates primarily to the energy sector, doesn't raise competition concerns because Ares is not active in the same or vertically related markets as Eni Plenitude.The deal was reviewed under the Commission's simplified merger review procedure, it said.

$ARE$E
Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks advanced late Wednesday afternoon with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index gained 1.8%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time Iran attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 3.3% to $87.13 a barrel, and global benchmark Brent advanced 3.7% to $94.38 a barrel. Henry Hub natural gas futures rose 2.9% to $2.95 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.Separately, NextEra Energy (NEE), Duke Energy (DUK), Equinix (EQIX) and Digital Realty Trust (DLR) are among nearly 200 companies backing US President Donald Trump's pledge to limit consumers' exposure to rising electricity bills driven by AI, The Wall Street Journal reported, citing a White House list of signatories.In corporate news, EQT (EQT) shares jumped 7.9% a day after the company reported Q2 revenue above market expectations.Equinor (EQNR) shares climbed 6.2% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.6% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.

$E$EQNR$EQT$GEV
Sectors

Sector Update: Energy Stocks Gain Wednesday Afternoon

Energy stocks advanced Wednesday afternoon with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.3%, and the Dow Jones US Utilities Index gained 1.9%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time the country attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 2.2% to $86.20 a barrel, and global benchmark Brent advanced 2.5% to $93.32 a barrel. Henry Hub natural gas futures rose 2% to $2.92 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, Equinor (EQNR) shares gained 5.8% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.7% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.

$E$EQNR$GEV
Commodities

Eni 120-MW Gas Power Plant in Kazakhstan Produces 1st Electricity

Integrated energy company Eni (E) has started generating electricity from a 120-megawatt gas power plant in Kazakhstan, one half of the 247-MW Mangystau hybrid power plant project, it said on Wednesday.The hybrid power plant integrates gas, solar, and wind generation. The 50-MW solar plant component was commissioned in September 2025, the statement said.Following the milestone for the gas power plant, Eni said its final commissioning is targeted within Q3.The 77-MW wind power plant component, meanwhile, is slated to begin operation in 2027, according to the statement.Eni is developing the hybrid project along with KazMunayGas and its own subsidiary, Plenitude.

$E
Sectors

Sector Update: Energy Stocks Rise Premarket Wednesday

Energy stocks were rising premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1%.The United States Oil Fund (USO) was up 2.3% and the United States Natural Gas Fund (UNG) was 0.6% higher.Front-month US West Texas Intermediate crude oil was 3.4% higher at $87.22 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.7% to $94.33 per barrel, and natural gas futures were up 1.4% at $2.91 per 1 million British Thermal Units.Equinor (EQNR) stock was up more than 5% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares were up more than 1% after the company said it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.Magnolia Oil & Gas (MGY) and its subsidiaries and affiliates plan to offer a total of $500 million in senior unsecured debt notes due 2034 in a private placement, the company said. Magnolia Oil & Gas stock was 0.3% lower premarket.

$E$EQNR$MGY$UNG$USO$XLE
Equities

Eni Reaches First Power Milestone at Kazakhstan Hybrid Energy Project

Eni (E) said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.The company said the project, developed with KazMunayGas and Eni subsidiary Plenitude, is Kazakhstan's first large-scale hybrid power plant, combining solar, gas and planned wind generation.Eni said the project's 50-MW solar plant began operating in September 2025, while the gas plant is expected to be fully commissioned in Q3.A 77-MW wind farm is scheduled to begin operations in 2027, completing the hybrid facility, it added.

$E
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading

European equities traded in the US as American depositary receipts were climbing sharply higher late Tuesday morning, rising 1.57% to 1,909.91 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by telecommunications company Nokia (NOK) and biopharmaceutical company argenx (ARGX), which rose 5.5% and 2.3% respectively. They were followed by lender Banco Bilbao Vizcaya Argentaria (BBVA)and oil and gas company Eni (E), which were up 2.2% and 0.9% respectively.The decliners from continental Europe were led by software firm SAP (SAP) and consumer goods company Unilever (UL), which fell 1.7% and 1.3% respectively. They were followed by healthcare tech company Royal Philips (PHG) and 3D printer company Materialise (MTLS), which were down 1% and 0.8%. respectivelyThe gainers from the UK were led by mining company BHP Group (BHP) and lender Lloyds Banking Group (LYG), which advanced 2.7% and 2.1%, respectively. They were followed by lender Barclays (BCS) and biotech firm Autolus Therapeutics (AUTL), which gained 2% and 0.9%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and communications company WPP (WPP), which lost 6.3% and 4.3% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and tobacco company British American Tobacco (BTI), which dropped 1.2% and 1% respectively.

$AKTX$ARGX$AUTL$BBVA$BCS$BHP$BTI$E$LYG$MTLS$NOK$PHG$SAP$UL$VOD$WPP
Equities

ADNOC Makes $6.2 Billion Investment Decision on Umm Shaif Gas Cap Project With TotalEnergies, Eni

TotalEnergies (TTE) and Eni (E) are among the international partners Abu Dhabi National Oil, or ADNOC, will work with to develop the Umm Shaif Gas Cap in Abu Dhabi, as it made a $6.2 billion final investment decision on the project, ADNOC said Tuesday.ADNOC expects the investment decision to unlock more than 600 million standard cubic feet per day of natural gas and associated liquids, with production targeted for 2030.The planned spending includes $5.1 billion for three engineering, procurement and construction packages and $365 million for drilling activities, it said.

$E$TTE
Oil & Energy

Eni, Petronas JV Set to Become Southeast Asia's Upstream Giant, Wood Mackenzie Says

Eni (E) and Malaysia's Petronas could reshape Southeast Asia's oil and gas sector through their joint venture, which is set to become one of the region's largest upstream operators and plans to invest $20 billion over the next five years, Wood Mackenzie strategists said in a Monday note.Wood Mackenzie analysts said Searah, which combines 19 upstream assets across Indonesia and Malaysia, will begin operations producing over 300,000 barrels of oil equivalent per day and is projected to lift output to over 500,000 boe/d by 2029.The consultancy estimates that the venture's longer-term production potential could exceed 800,000 boe/d, potentially making it Southeast Asia/s largest upstream producer by 2030, ahead of regional rivals including Pertamina, Petronas, PTTEP, Shell (SHEL) and BP (BP).The 50:50 JV combines Petronas' producing assets and infrastructure in Malaysia with Eni's deepwater gas portfolio in Indonesia's Kutei Basin, creating a business with immediate cash flow alongside a pipeline of large-scale development projects.Wood Mackenzie said the complementary portfolios provide the venture with a strong financial foundation, allowing it to fund expansion from producing assets rather than relying on additional capital from its parent companies.Capital spending is projected to peak in 2027 as several major projects move forward simultaneously.The venture is projected to generate annual cash flow exceeding $2 billion from 2030, driven by the development of Eni's Kutei Basin gas discoveries.Eni contributes over 12 trillion cubic feet of undeveloped gas resources across the Rapak, Ganal and North Ganal production sharing contracts, Wood Mackenzie said, adding that the recently discovered Geliga field could add about $2 billion in value and support a third development hub in the basin.Searah will supply gas to three liquefied natural gas facilities, including Indonesia's Bontang LNG plant, the proposed Abadi LNG project and Malaysia LNG, creating one of Southeast Asia's largest equity LNG portfolios.However, Wood Mackenzie said execution would determine whether the venture achieves its ambitions.The consultancy highlighted several challenges, including delivering multiple multi-billion-dollar offshore developments in parallel, advancing the Abadi LNG project to a final investment decision, managing capacity constraints at Indonesia's aging Bontang LNG facility and coordinating investments across Indonesia's and Malaysia's different regulatory systems.The venture will also need to integrate Eni's exploration-focused operating model with Petronas' national oil company approach while navigating a tight global market for offshore engineering and construction services.Searah's assets and capital are in place; the challenge is whether this newly formed operator can deliver multiple billion-dollar developments in parallel without losing schedule or cost discipline, said Munish Kumar, senior research analyst for upstream at Wood Mackenzie.The venture represents the latest expansion of Eni's "satellite model" of creating standalone regional upstream companies, following Var Energi in Norway, Azule Energy in Angola and Ithaca Energy in the UK.London-headquartered Searah will operate independently while receiving technical support from Eni under service agreements.Price: $49.29, Change: $-0.48, Percent Change: -0.96%

$BP$E$SHEL
Commodities

Caspian Pipeline Consortium Loading Halted After Drone Attack

Two moorings of a Caspian Pipeline Consortium loading facility and two berthed tankers were struck by drones on Sunday, prompting the suspension of loading, according to a post by CPC on the Telegram messenger service.Fire broke out on one tanker, the Asia, and was later extinguished by the CPC emergency response teams. It was carrying oil from Tengizchevroil/Chevron. The Nissos Ios was carrying oil from Kashagan BV and Maten/NC KazMunayGas.In a subsequent post on Monday, CPC said that a further attack took place on a vessel during loading. A fire broke out on the vessel, the Nelsa, but was later put out. The crew were unharmed, it said and loading has been suspended since.There were no injuries reported from the attacks and no spillage of oil. The tankers remain afloat and damage assessments are taking place, the post said.The CPC is a venture between energy companies from Russia, the US, Kazakhstan and several Western European countries, the post said.The 1,500 km pipeline transports oil from three large fields in Kazakhstan - Tengiz, Kashagan and Karachaganak further west to the Russian port of Novorossiysk where cargoes then set sail across the Black Sea.The post, which made no mention of the attack's origin, described it as "terrorist" in nature and said it was also considered "an attack on the interests of the CPC member countries as well".The attacks match a pattern of strikes by Ukraine on vessels carrying Russian crude after a significant improvement in its drone capabilities that have seen it step up counter-attacks on Russia in the latter's fifth year of invasion of its neighbor.Russia is a major stakeholder in the CPC and the posts, in Russian, likely originated from that country given its description of the incident as terrorism and due to a reference to the other CPC participants, including Kazakhstan, as "foreign"."We expect the CPC member states to condemn these attacks and, in strict adherence to international law, to devise practical measures to halt terrorist attacks on the infrastructure used to export hydrocarbons produced by international consortia within the territory of the Republic of Kazakhstan," the later post said.Ukraine is now regularly attacking Russian oil refining facilities to the extent that fuel shortages are now widespread across Russia and serious enough to deal a blow to the economy.It handled 70.5 million tonnes of oil in 2025 with Chevron's (CVX) Tengizchevroil, ExxonMobil (XOM), NC KazMunayGas, Eni (E) and Shell (SHEL) accounting for more than 75% of this total, the post said.

$CVX$E$SHEL$XOM
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline Friday

European equities traded in the US as American depositary receipts were lower on Friday morning, shedding 0.6% to 1,899.52 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by energy companies Equinor (EQNR) and Eni (E), which climbed 4.1% and 3.1% respectively.They were followed by biotech companies Genenta Science (GNTA) and DBV Technologies (DBVT), which added 3% and 2.2%.The decliners from continental Europe were led by tech company Nokia (NOK), which dropped 3%, and semiconductor companies STMicroelectronics (STM) and ASML (ASML), which fell 2.6% each.They were followed by software company SAP (SAP), which shed 1.8%.From the UK and Ireland, the gainers were led by pharmaceutical company Compass Pathways (CMPS), which climbed 4.8%, and energy companies Shell (SHEL) and BP (BP), which added 2.3% and 1.4% respectively.The decliners from the UK and Ireland were led by budget airline Ryanair (RYAAY) and pharmaceutical company GSK (GSK), which lost 3.6% and 2.8% respectively. They were followed by bank Barclays (BCS), which shed 2.1%.

$ASML$BCS$BP$CMPS$DBVT$E$EQNR$GNTA$GSK$NOK$RYAAY$SAP$SHEL$STM
Oil & Energy

Nigeria Eyes Turn-Around in Deepwater Oil, Fiscal Incentives Generate Appetite

Nigeria is set for a major turnaround in deepwater crude oil extraction, Wood Mackenzie said in an article on Thursday, in which its analysts shared their updated views on the country's prospects after attending the Nigeria Oil and Gas conference in Abuja last week.Nigeria, Africa's largest liquids producer, has huge deepwater potential, but it has gone more than a decade without major investment until a final investment decision for Bonga North in 2024. Deepwater liquids output has fallen below 500,000 barrels per day from a 800,000-bbl/d peak in 2016.That is likely to change now. Nigeria's government is now aiming for 3 million bbl/d output and 12 billion cubic feet per day of natural gas by 2030 and to reverse decline through regulatory reform and fiscal incentives.Six deepwater legacy contracts between state-run Nigerian National Petroleum and international oil companies were extended in 2022, while new incentives were introduced in 2024, including tax credits for fields that reach final investment decision before 2029.Oil companies have taken note and are pursuing deepwater development plans. Four large greenfield projects could alone produce more than 2 billion barrels of oil equivalent, Wood Mackenzie said.Shell (SHEL), ExxonMobil (XOM), Eni (E) and TotalEnergies (TTE) have raised the priority of Nigerian deepwater projects that previously were unappealing before the introduction of incentives.Evidence of this is Shell's 2024 FID on Bonga North, 20 years after it was discovered, and ExxonMobil's approval last week of the $1 billion Usan Infill Project as part of a pledge to invest $10 billion to develop deepwater assets in Nigeria.TotalEnergies recently said it would acquire Conoil's 50% stake in the Egina South discovery while Shell bought 10% of TotalEnergies' stake in OML 118 to boost its Bonga Southwest-Aparo project.WoodMackenzie said Nigeria has a strong opportunity to reverse decline in deepwater output, with projects collectively adding a potential 700,000 barrels of liquids and 950 billion cubic feet per day of gas.Risks are mainly centered around project execution while others include partner alignment, competition for capital, unitization, regulatory approvals, gas sales agreements and supply chain constraints.On the other hand there is some spare capacity at present on existing floating production and storage, but also some "creaky" infrastructure.The gauge of whether Nigeria's deepwater ambitions will be realized, can be gauged to a degree by whether Bonga Southwest-Aparo, Zabazaba and Preowei reach FID within 18 months."If these projects get over the line, Nigeria's deepwater resurgence will prove it has real bite," the article concluded.

$E$SHEL$TTE$XOM
Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 3.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 3%.The Philadelphia Oil Service Sector Index climbed 0.9%, and the Dow Jones US Utilities Index was up 0.9%.Crude oil prices surged after reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz. Trump said the US would charge a 20% toll on eligible cargo, escalating tensions after a weekend of attacks by both nations to assert control of the critical waterway, the Associated Press reported.West Texas Intermediate crude oil jumped 8.8% to $77.70 a barrel, and global benchmark Brent climbed 9.1% to $82.90 a barrel. Henry Hub natural gas futures fell 2.2% to $2.88 per 1 million BTU.In sector news, the White House is organizing a voluntary agreement between utility companies and data center developers to prevent AI electricity demand from inflating consumer bills, Reuters reported.In corporate news, Shell (SHEL) said its Shell Overseas Investment unit agreed to sell Solenergi Power to Aditya Birla Renewables for $1.8 billion. Shell shares rose 2.1%.Pembina Pipeline (PBA) shares gained 4.2% after Wells Fargo upgraded the stock to overweight from underweight.Eni (E) agreed to fuel BMW corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials. Separately, Eni's Eni Industrial Evolution unit and Seri Industrial's FIB have established Faenix, a commercial platform focused on battery energy storage systems based on lithium iron phosphate technology. Eni shares climbed 3.7%.Fermi's (FRMI) co-founder and largest shareholder, Toby Neugebauer, said Miles Everson's resignation from the company's board stemmed from a governance dispute rather than personal reasons, according to a statement. Neugebauer said Everson, Fermi's former chief financial officer, resigned after the board was not notified of a $375 million convertible note offering before it was publicly announced. Fermi shares were down 4.9%.

$E$FRMI$PBA$SHEL
Sectors

Sector Update: Energy Stocks Gain Monday Afternoon

Energy stocks advanced Monday afternoon with the NYSE Energy Sector Index rising 2.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 3.1%.The Philadelphia Oil Service Sector Index climbed 1.2%, and the Dow Jones US Utilities Index gained 0.9%.Crude oil prices surged after reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz. Trump said the US would charge a 20% toll on eligible cargo, escalating tensions after a weekend of attacks by both nations to assert control of the critical waterway, the Associated Press reported.West Texas Intermediate crude oil jumped 6.7% to $76.18 a barrel, and global benchmark Brent climbed 6.8% to $81.16 a barrel. Henry Hub natural gas futures fell 1.5% to $2.90 per 1 million BTU.In sector news, the White House is organizing a voluntary agreement between utility companies and data center developers to prevent AI electricity demand from inflating consumer bills, Reuters reported.In corporate news, Shell (SHEL) said its Shell Overseas Investment unit agreed to sell Solenergi Power to Aditya Birla Renewables for $1.8 billion. Shell shares rose 2%.Eni (E) agreed to fuel BMW corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials. Separately, Eni's Eni Industrial Evolution unit and Seri Industrial's FIB have established Faenix, a commercial platform focused on battery energy storage systems based on lithium iron phosphate technology. Eni shares rose 3.6%.SLB (SLB) said its OneSubsea joint venture received a multiwell engineering, procurement, and construction contract from Eni for phase 3 of the deepwater Baleine project offshore Ivory Coast. SLB shares eased 0.2%.

$E$SHEL$SLB
Wire

Eni Industrial Evolution, Seri Industrial's FIB Launch Faenix Battery Platform in Italy

Eni's (E) Eni Industrial Evolution unit and Seri Industrial's FIB have established Faenix, a commercial platform focused on battery energy storage systems based on lithium iron phosphate technology, Seri Industrial said Monday.Faenix, which is 70% owned by FIB and 30% by Eni Industrial Evolution, will manage the supply chain and engineering, research, and development activities supporting the integrated Teverola-Brindisi industrial plant, with a targeted production capacity of 16 gigawatt-hours per year at full operation.Shares of Eni were up more than 2% in Monday trading.Price: $48.91, Change: $+1.19, Percent Change: +2.49%

$E

Showing 81-100 of 214

Track with the FINWIRES app suite

FolioX
FolioX
Track Eni S.p.A. in your portfolio
WheelAI
WheelAI
Analyze Eni S.p.A. options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Eni S.p.A.