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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.

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Wire

Eni, BMW Agree to Fuel Corporate Fleets With Renewable Diesel

Eni (E) said Monday it agreed to fuel BMW Group corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials like feedstocks.The hydrotreated vegetable oil lowered greenhouse gas emissions by 79.5% in the supply chain compared with standard fossil fuels, the company said.The automaker is developing technology to compare vehicle refueling information with payment systems for complete traceability of the product, Eni said.Shares of the company were up 2.4% in Monday trading.Price: $48.91, Change: $+1.19, Percent Change: +2.49%

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Equities

SLB OneSubsea Wins EPC Contract for Eni's Baleine Project Offshore Ivory Coast

SLB (SLB) said Monday that its OneSubsea joint venture received a multi-well engineering, procurement, and construction contract from Eni (E) for phase 3 of the deepwater Baleine project offshore Ivory Coast.Under the contract, SLB said OneSubsea will deliver complete subsea production systems for 13 wells, including subsea trees, umbilicals, manifolds, flowmeters and control systems, along with installation and commissioning.SLB shares were up 1% in Monday's premarket activity.

$E$SLB
Commodities

Halliburton Deploys Automation System Offshore Indonesia, Reports Efficiency Boost

Oil service company Halliburton (HAL) has deployed its Logix automation and remote operations system at a deepwater exploration well in partnership with Eni (E), offshore Indonesia, boosting efficiency, it said on Thursday.The company said the deployment resulted in a number of industry firsts and advances closed loop drilling automation, with the system having demonstrated performance in a large-scale complex offshore environment.This was the first deployment of full rig automation with managed pressure drilling in Asia Pacific, Halliburton said in a statement. It combined rig surface equipment, automated well placement, downhole hydraulics and MPD controls into a connected, closed-loop automated system.The Logix Orchestration system coordinated the drilling and tripping execution in a single process. Normally the management of these processes would be handled separately, it said.The system's use delivered consistent performance and reliable pressure control in wells with narrow operating margins.Eni brought its operational expertise to the project while Halliburton contributed experience with automation solutions to align drill floor control, sub surface automation and pressure management in a single system, the statement said.There was a resulting 15% efficiency gain, Halliburton said.

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Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline Sharply in Wednesday Trading

European equities traded in the US as American depositary receipts were tracking lower late Wednesday morning, falling 1.11% to 1,892.74 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which rose 2.4% each. They were followed by accommodations booking site trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which gained 1.7% and 0.7%, respectively.The decliners from continental Europe were led by lender Banco Santander (SAN) and software company SAP (SAP), which fell 5.1% and 3.7%, respectively. They were followed by internet advertising company Criteo (CRTO) and biopharmaceutical company Cellectis (CLLS), which declined 3.5% and 1.1%, respectively.The gainers from the UK were led by oil and gas company BP (BP) and biotech company Autolus Therapeutics (AUTL), which advanced 1.7% and 1.6%, respectively. They were followed by telecommunications company Vodafone Group (VOD) and educational publisher Pearson (PSO), which each gained 0.5%.The decliners from the UK and Ireland were led by biotech company Trinity Biotech (TRIB) and pharmaceutical company Silence Therapeutics (SLN), which dropped 5.9% and 5.6%, respectively. They were followed by communications company WPP (WPP) and biopharmaceutical company Akari Therapeutics (AKTX), which fell 4.7% and 3.8%, respectively.

$AKTX$ASND$AUTL$BP$CLLS$CRTO$E$EQNR$PSO$SAN$SAP$SLN$TRIB$TRVG$VOD$WPP
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.6%.The Philadelphia Oil Service Sector Index shed 2.1%, and the Dow Jones US Utilities Index declined 1.4%.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.Front-month West Texas Intermediate crude oil fell 1.7% to $68.31 a barrel, and the global benchmark Brent crude contract dropped 2.2% to $71.38 a barrel. Henry Hub natural gas futures declined 2.2% to $3.20 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a fall of 15.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a Bloomberg survey.In corporate news, Sable Offshore (SOC) shares surged 42% after the firm said Wednesday it has priced a combined equity and debt offering to raise capital and refinance borrowings tied to its energy assets.New Era Energy & Digital (NUAI) appointed new executives, including Charlie Nelson, currently president and chief operating officer, as chairman and chief executive, effective immediately, the company said Wednesday. Shares were falling past 17%.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Eni shares were down 2.6%.Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday. Equinor shares were shedding 0.7% lower, and Transocean was down 0.9%.

$E$EQNR$NUAI$RIG$SOC
Sectors

Sector Update: Energy Stocks Decline Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The Philadelphia Oil Service Sector Index shed 1.6%, and the Dow Jones US Utilities Index declined 1.3%.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.Front-month West Texas Intermediate crude oil fell 1.8% to $68.26 a barrel, and the global benchmark Brent crude contract dropped 2.3% to $71.25 a barrel. Henry Hub natural gas futures shed 1.6% to $3.22 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a fall of 15.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a Bloomberg survey.In corporate news, Sable Offshore (SOC) shares surged 36% after the firm said Wednesday it has priced a combined equity and debt offering to raise capital and refinance borrowings tied to its energy assets. Proceeds will be used to repay a senior secured term loan with Exxon Mobil (XOM), as well as for transaction costs and general corporate purposes, Sable said. Exxon shares were down 0.2%.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Shares were down 2.5%.Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday. Equinor shares were 0.2% lower, and Transocean was down 0.8%.

$E$EQNR$RIG$SOC$XOM
Asia Markets

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

European equities traded in the US as American depositary receipts were tracking sharply lower late Wednesday morning, falling 1.61% to 1,890.71 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by internet advertising firm Criteo (CRTO) and biotech company Evaxion (EVAX), which rose 3% and 2.9% respectively. They were followed by pharmaceutical company Novo Nordisk (NVO) and software firm SAP (SAP), which were up 2.6% and 2.4% respectively.The decliners from continental Europe were led by telecommunications company Ericsson (ERIC) and pharmaceutical company Sanofi (SNY), which lost 2.6% and 2.3% respectively. They were followed by oil and gas company Eni (E) and brewing company Anheuser-Busch InBev (BUD), which fell 2.2% and 1.3% respectively.The gainers from the UK were led by software firm Endava (DAVA) and biopharmaceutical company NuCana (NCNA), which advanced 5.7% and 3.3% respectively. They were followed by insurance company Prudential (PUK) and educational publisher Pearson (PSO), which increased 2.6% and 2.1% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and biotech firm Trinity Biotech (TRIB), which fell 9.4% and 6.8% respectively. They were followed by pharmaceutical company AstraZeneca (AZN) and hospitality company InterContinental Hotels Group (IHG), which decreased 3% and 2.7% respectively.

$AZN$BDRX$BUD$CRTO$DAVA$E$ERIC$EVAX$IHG$NCNA$NVO$PSO$PUK$SAP$SNY$TRIB
Commodities

Eni, Mercuria Strike Deal to Form Global Energy Trading Joint Venture

In separate statements released on Wednesday, Italian energy giant Eni (E) and independent commodities trader Mercuria said that they have signed an agreement to establish a jointly owned, independent global energy trading venture.The joint venture's operations will span a diversified basket of physical energy markets, capturing value across crude oil, biofuels, natural gas, liquefied natural gas, liquefied petroleum gas, and their associated logistical pipelines and infrastructure rights, the companies noted.The commercial framework aims to combine Mercuria's advanced structural risk-management desks and speculative market intelligence directly with Eni's massive global upstream, midstream, and downstream asset footprint.The transaction remains subject to customary closing conditions, including antitrust and regulatory clearances across multiple jurisdictions before operations officially commence, it stated.Price: $45.95, Change: $-0.91, Percent Change: -1.95%

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Sectors

Sector Update: Energy Stocks Fall Premarket Wednesday

Energy stocks were falling premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 0.8% lower.Front-month US West Texas Intermediate crude oil was 0.5% lower at $69.13 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.1% to $72.18 per barrel, and natural gas futures were down 0.8% at $3.25 per 1 million British Thermal Units.Sable Offshore (SOC) shares were up more than 23% after the company said it has priced a combined equity and debt offering to raise new capital and refinance existing borrowings tied to its energy assets.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Eni stock was down more than 2% pre-bell.Ecopetrol (EC) has received around 1 trillion Colombian pesos ($292.7 million) by Colombia''s Ministry of Finance and Public Credit, corresponding to the account receivable from the Fuel Price Stabilization Fund for Q2 2025, the company said. Ecopetrol shares were 0.6% lower premarket.

$E$EC$SOC$UNG$USO$XLE
Oil & Energy

France-Based Vallourec Awarded Angola Offshore Development Contract by Azule Energy

Azule Energy, a joint venture between Italy's Eni (E) and BP (BP), has awarded seamless tubular solutions provider Vallourec with a contract to supply 26,000 tons of seamless carbon steel line to an offshore project in Angola, Vallourec said on Tuesday.Deliveries of the steel line, which would stretch 210 kilometers, measured end to end, will take place from July 2027 until December 2027 and support "one of the largest and most technically demanding deepwater projects currently underway offshore Angola," Vallourec said.The Greater PAJ project spans five fields about 200 km offshore Angola in water depths that range between 1,500 and 2,000 meters. Vallourec will deliver line pipe solutions for production lines, service lines, water injection lines and gas export lines for production and transport.The project will feature one of the thickest thermal insulation systems ever deployed in the subsea industry with up to 120 mm of Glass Syntactic Polypropylene (GSPP).

$BP$E
Commodities

Plentitude 220 MW Solar Plant in Spain's Castilla y Leon Starts Operation

Plenitude, a subsidiary of Italian energy company Eni (E), on Tuesday said its 220-megawatt Villarino photovoltaic plant in Castilla y Leon, Spain has started delivering power.The project, which comprises of a single solar park spanning about 286 hectares and over 365,000 bifacial modules, is estimated to generate an annual output of over 400 gigawatt-hours, the company said in a statement.Construction of the project, located in the municipality of Villarino de los Aires in Salamanca, began in October 2024 and was supported by Sterling & Wilson.Including this project, Plenitude now has 338 MW of renewable capacity operating in Castilla y Leon, with the Grijotas I and II solar plants, and the Numancia wind farm among its other projects.In Spain, the company has about 1.8 gigawatts of installed renewable capacity and a development pipeline of about 2 GW, including new renewable plants, hybridisation projects with storage systems and repowering initiatives, the statement said.Plenitude operates in over 15 countries producing electricity from about 6 GW of renewable capacity and is also involved in energy sales and providing energy solutions across Europe.

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Equities

Eni, Mercuria Agree to Establish Global Energy Trading Joint Venture

Eni (E) said Wednesday it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets.The independently operated venture will handle selected energy commodities trading and commercialization activities, including oil, biofuels, natural gas, LNG, and related logistics and infrastructure rights.The partnership aims to expand the companies' trading footprint, improve efficiency and risk management, and boost value creation by combining their complementary assets and trading expertise, Eni added.

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Sectors

Sector Update: Energy Stocks Advance Premarket Tuesday

Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.1% higher.The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 2.4% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $71.36 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $73.42 per barrel, and natural gas futures were up 3.2% at $3.28 per 1 million British Thermal Units.Shell (SHEL) is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion, Bloomberg reported, citing people familiar with the matter. Shell stock was 0.1% higher pre-bell.BP (BP) and Eni's (E) joint venture, Azule Energy, has awarded Vallourec a contract for the Greater PAJ offshore development project in Angola, Vallourec said. BP shares were 0.3% higher and Eni stock was up 0.4% premarket.Equinor (EQNR) and Var Energi have agreed to exchange natural gas assets on the Norwegian continental shelf, Equinor said. Shares of Equinor were up more than 1% premarket.

$BP$E$EQNR$SHEL$UNG$USO$XLE
Equities

BP, Eni Joint Venture Awards Vallourec With Contract for Angola Offshore Project

BP (BP) and Eni's (E) joint venture, Azule Energy, has awarded Vallourec a contract for the Greater PAJ offshore development project in Angola, Vallourec said Tuesday.Under the contract, Vallourec said it will supply over 26,000 tons of seamless carbon steel line pipes, representing about 210 kilometers of pipeline, including advanced solutions with heavy thermal insulation coating.Deliveries under the contract will begin in July 2027 and continue through December 2027, the company said.

$BP$E
Commodities

Eni Acquires Stake in Argentina LNG Project, Expands Presence in Vaca Muerta Gas Basin

Italian energy major Eni said (E) on Monday it had signed an agreement to acquire a 32% stake in three upstream blocks within Argentina's prolific Vaca Muerta shale basin.Under the terms of the deal, Eni will partner with Argentina's state-backed oil firm YPF and the investment unit of Adnoc Group, XRG, to develop the Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas blocks.YPF will retain a 36% stake upon the transaction's closing, subject to regulatory approvals, while Eni and XRG will each hold 32%.The assets form part of the Argentina LNG integrated development project, which combines upstream gas production with LNG export infrastructure to monetize resources from the Vaca Muerta basin.The project is projected to support 12 million tons per annum of LNG production capacity through two floating LNG units, each capable of producing 6 million tons per annum.Price: $46.72, Change: $+0.64, Percent Change: +1.38%

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Sectors

Sector Update: Energy Stocks Edge Higher Pre-Bell Monday

Energy stocks were edging higher pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was up 1% and the United States Natural Gas Fund (UNG) was 3.4% lower.Front-month US West Texas Intermediate crude oil was 1.1% higher at $69.96 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.6% to $72.40 per barrel, and natural gas futures were down 2.8% at $3.19 per 1 million British Thermal Units.Eni (E) has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil, the Italian integrated energy producer said. Shares of Eni were up more than 1% premarket.Matador Resources (MTDR) majority-owned San Mateo Midstream joint venture has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners from EnCap Flatrock Midstream for $752 million in cash, the company said. Matador Resources stock was up more than 1% pre-bell.Williams (WMB) may buy peer pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg reported, citing unnamed people familiar with the matter. Shares of Williams were marginally declining premarket.

$E$MTDR$UNG$USO$WMB$XLE
Sectors

Sector Update: Energy

Energy stocks were edging higher pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 3.6% lower.Front-month US West Texas Intermediate crude oil was 1.1% higher at $69.99 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.8% to $72.55 per barrel, and natural gas futures were down 2% at $3.21 per 1 million British Thermal Units.Eni (E) has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil, the Italian integrated energy producer said. Shares of Eni were up more than 1% premarket.

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Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Hopes for Renewed US-Iran Diplomacy

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Monday's premarket activity, amid optimism around renewed diplomatic efforts between Washington and Tehran.US stock futures were also higher, with S&P 500 Index futures up 0.8%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 1% before the start of regular trading.The Dallas Fed manufacturing survey for June will be released at 10:30 am ET.In premarket action, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) increased by 0.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.2%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.5%, the Vanguard Health Care Index Fund (VHT) was up 0.5%, while the iShares US Healthcare ETF (IYH) gained by 1.2%. The iShares Biotechnology ETF (IBB) was 0.3% higher.Viridian Therapeutics (VRDN) stock was up 8.9% premarket after the company said that its Lumvoa medicine received approval from the US Food and Drug Administration to treat thyroid eye disease, an autoimmune disease.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) was up 6% and the iShares US Industrials ETF (IYJ) was inactive.Rocket Lab (RKLB) stock was up more than 10% before the opening bell after the company agreed to acquire Iridium Communications (IRDM) in a cash-and-stock deal valuing the satellite operator at an enterprise value of about $8 billion.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% lower.Robinhood Markets (HOOD) shares were 2% higher before the opening bell, extending gains from a 5.6% rise on Friday. Goldman Sachs lifted its price target on the company to $121 from $108, while maintaining a buy rating.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.1%, and the iShares US Technology ETF (IYW) was 1.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 1.3%, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.Nvidia (NVDA) shares were up 0.8% in premarket activity, after a 1.6% fall at the previous close. Firmus Technologies said over the weekend that Nvidia will supply up to 170,000 artificial intelligence accelerators for its planned AI factory campus in Batam, Indonesia.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was marginally higher, and the iShares US Consumer Staples ETF (IYK) fell 1.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained by 0.6%. The VanEck Retail ETF (RTH) was up 0.4, while the State Street SPDR S&P Retail ETF (XRT) was 0.5% higher.Amazon's (AMZN) shares were up nearly 1% pre-bell after gaining 2.5% at Friday's close. Reuters reported over the weekend that the retailer's Prime Day discounts generated more than $26.4 billion in sales from June 23 to June 26, a 9.3% year-over-year increase.EnergyThe iShares US Energy ETF (IYE) was down 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Eni (E) stock was up more than 1% before market open after the company said it has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil.CommoditiesFront-month US West Texas Intermediate crude oil gained by 1.2% to $70.07 per barrel on the New York Mercantile Exchange. Natural gas retreated by 2.3% to $3.20 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.6%, while the United States Natural Gas Fund (UNG) was 3% lower.Gold futures for July were down by 1.1% to $4,051.50 an ounce on the Comex. Silver futures retreated by 1.9% to $58.53 an ounce. SPDR Gold Shares (GLD) was down by 0.6%, and the iShares Silver Trust (SLV) was 0.8% lower.

Dow JonesNasdaq CompositeS&P 500$AMZN$BETH$BITO$E$EEM$EETH$EXI$FAS$FAZ$GLD$HOOD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$PMR$QQQ$RKLB$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$VRDN$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Oil & Energy

Eni, Libya's NOC Start Gas Production From Sabratha Compression Project

Italian energy giant Eni S.p.A (E), in partnership with Libya's National Oil Corporation, reported on Monday the successful start-up of hydrocarbon production at the Bahr Essalam gas field, located 100 kilometers off the country's coast.The partnership, which conducts operations via the Mellitah Oil & Gas joint venture, is linked to the Sabratha Compression Project, which is a strategic offshore development aimed at sustaining and increasing natural gas output across core fields.The project consists of a new 1,600-ton compression module installation, which offers total capacity of about 440 million standard cubic feet per day, according to the company's press release.Eni said the project is expected to add about 800 million cubic meters of natural gas annually, along with associated condensate, by enabling production under lower-pressure conditions, while improving recovery and offsetting the natural decline at the mature Bahr Essalam Gas Field.The additional gas is expected to support Libya's domestic power generation while also supplying exports to Italy through the Greenstream pipeline.The company said it is also progressing two additional offshore developments in Libya, including the Bouri Gas Utilization Project, where commissioning activities are underway, and the Structures A&E project, which will develop two offshore gas fields.Eni said it produced about 162,000 barrels of oil equivalent per day in Libya in 2025 and currently has three development projects under execution in the country, representing total investments of about $10 billion.

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Equities

Eni Starts Enhanced Gas Production Off Libyan Coast

Eni (E) has started enhanced gas production off the coast of Libya, in partnership with Libyan National Oil, the Italian integrated energy producer said Monday.Eni disclosed that the Sabratha Compression Project, an offshore development designed to sustain and increase gas output from the Bahr Essalam gas field, is operational.The project consists of the installation of a new 1,600-ton compression module on the Sabratha platform that enhances production under low-pressure conditions, offsetting the natural decline of the Bahr Essalam field, the company said.Eni said it has other new projects underway in Libya, including the development of two additional offshore gas fields.

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