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Eni SpA (ENI.MI)

ENI.MI on Milan Stock Exchange

15.74EUR
18 Mar 2019
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€15.74
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11,442,637
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€16.89
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€13.42

Latest Key Developments (Source: Significant Developments)

Eni CEO says if MoU with China done well there is nothing to fear
Friday, 15 Mar 2019 

March 15 (Reuters) - Eni SpA ::CEO SAYS IF MOU WITH CHINA IS DONE WELL THERE IS NOTHING TO FEAR .WE HAVE WORKED IN CHINA FOR SOME TIME AND WE WORK WELL.  Full Article

Eni CEO says there are no production problems in Algeria
Friday, 15 Mar 2019 

March 15 (Reuters) - Eni SpA ::CEO SAYS RENEGOTIATING GAS CONTRACTS WITH ALGERIA, THE LONG-TERM CONTRACTS EXPIRE IN OCTOBER.CEO SAYS THERE ARE NO PRODUCTION PROBLEMS IN ALGERIA.CEO SAYS RUSSIA IS MAINLY GAS FOR THE COMPANY BUT OFFSHORE ACTIVITY IS BLOCKED BY SANCTIONS.  Full Article

Eni To Start Four-Year Buy-back Program Allocating EUR 400 Mln In 2019
Friday, 15 Mar 2019 

March 15 (Reuters) - Eni SpA ::DIVIDEND €0.86 PER SHARE, +3.6% VERSUS 2018; €400 MILLION SHARE BUYBACK IN 2019.SEES NET ZERO UPSTREAM CARBON EMISSIONS BY 2030.UPSTREAM PRODUCTION: CAGR 3.5% PER YEAR UP TO 2025.UPSTREAM NEW PROJECTS BREAKEVEN: $25/BBL BRENT.TO START FOUR-YEAR BUYBACK PROGRAMME ENVISAGING A CAPITAL ALLOCATION OF €400 MILLION IN 2019.2019-2022 UPSTREAM CUMULATED FREE CASH FLOW: €22 BILLION.BUYBACK IN 2020-2022 EITHER €400 MILLION IN 60-65 $ BRENT SCENARIO OR €800 MILLION IN A SCENARIO >$65 BRENT (LEVERAGE <20%).SEES OVER 1.6 GW OF RENEWABLE CAPACITY INSTALLED BY 2022, 5 GW BY 2025.MID-DOWNSTREAM LNG: 14 MTPA BY 2022, 16 MTPA BY 2025.SAYS EXPECTS TO BE CARBON EMISSION FREE IN UPSTREAM BY 2030.SEES CAPEX 2019-2022 AT € 1.4 BILLION FOR ENERGY SOLUTIONS.ORGANIC CASH NEUTRALITY AFTER DIVIDEND: $55/BBL IN 2019, DECLINING TO $50/BBL END OF PLAN.  Full Article

Eni Makes Gas Discovery In Nour Prospect, Offshore Egypt
Thursday, 14 Mar 2019 

March 14 (Reuters) - Eni SpA ::SAYS ANNOUNCES A NEW GAS DISCOVERY IN THE NOUR PROSPECT, OFFSHORE EGYPT.NOUR-1 WELL FOUND ESTIMATED GAS COLUMN OF 90 METERS.  Full Article

Eni Farms Out 30 Pct Of Morocco's Tarfaya Offshore Petroleum Agreement To Qatar Petroleum
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Eni SpA ::FARMS OUT TO QATAR PETROLEUM A 30% PARTICIPATING INTEREST IN TARFAYA OFFSHORE PETROLEUM AGREEMENT, OFFSHORE MOROCCO.FOLLOWING TRANSACTION, THE PARTNERSHIP WILL BE ENI (45%), QP (30%) AND OFFICE NATIONAL DES HYDROCARBURES ET DES MINES (25%).  Full Article

Eni Makes Discovery Offshore Angola Of Estimated 450-650 Mln Light Oil Barrels
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Eni SpA ::ANNOUNCES A MAJOR OIL DISCOVERY OFFSHORE ANGOLA.DISCOVERY IS ESTIMATED TO CONTAIN BETWEEN 450 AND 650 MILLION BARRELS OF LIGHT OIL IN PLACE WITH FURTHER UPSIDE.THE DATA ACQUIRED IN AGOGO-1 NFW INDICATE A PRODUCTION CAPACITY OF MORE THAN 20,000 BARRELS OF OIL PER DAY.  Full Article

Eni says worker missing after crane collapse has died
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Eni says::WORKER MISSING AFTER A CRANE COLLAPSE AT OFFSHORE PLATFORM NEAR ANCONA HAS BEEN FOUND DEAD.  Full Article

Equinor picks assembly site for floating wind turbines
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Equinor ASA ::EQUINOR: CONTRACT AWARD ASSEMBLY SITE FOR HYWIND TAMPEN - EQUINOR.COM.WITH A COMBINED CAPACITY OF 88 MW, 8 MW TURBINES WILL MEET AROUND 35% OF ANNUAL POWER DEMAND OF FIVE PLATFORMS.GULEN INDUSTRIAL HARBOUR IN SOGN OG FJORDANE COUNTY HAS BEEN AWARDED CONTRACT FOR ASSEMBLY SITE FOR FLOATING HYWIND TAMPEN WIND TURBINES.NO WORK WILL COMMENCE PRIOR TO AN INVESTMENT DECISION FOR HYWIND TAMPEN.HYWIND TAMPEN COULD BECOME WORLD'S FIRST PROJECT TO USE WIND TURBINES FOR ELECTRIFICATION OF OIL AND GAS INSTALLATIONS.  Full Article

Equinor wins consent to extend production at Norne FPSO
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Norwegian Petroleum Directorate [RIC:RIC:NPD.UL]::GRANTED CONSENT FOR CONTINUATION OF PRODUCTION ON NORNE FPSO WITH ASSOCIATED FACILITIES FOR NORNE, URD AND SKULD FIELDS IN NORWEGIAN SEA.CONSENT APPLIES FROM AND INCLUDING 2022 TO MARCH 2026.  Full Article

Aker BP makes North Sea oil and gas discovery
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Aker Bp Asa ::AKERBP: DISCOVERY AT FROSKELÅR.WELL HAS ENCOUNTERED OIL AND GAS.PRELIMINARY ANALYSIS INDICATES A GROSS DISCOVERY SIZE WITHIN PREVIOUSLY COMMUNICATED ESTIMATE OF 45-153 MILLION BARRELS OIL EQUIVALENTS.FROSKELÅR MAIN IS LOCATED IN ALVHEIM AREA AND FOLLOWS FROSK DISCOVERY FROM LAST YEAR.MAJOR PART OF DISCOVERY IS IN LICENCE 869 ON NORWEGIAN CONTINENTAL SHELF, WHILE A PART MAY STRADDLE UK-NORWEGIAN BORDER IN NORTH SEA.DRILLING OPERATION WILL CONTINUE, AND A COMPREHENSIVE DATA COLLECTION PROGRAM WILL BE PERFORMED TO DETERMINE SIZE AND QUALITY OF DISCOVERY.AKER BP IS OPERATOR AND HOLDS 60 PERCENT INTEREST IN LICENCE 869. PARTNERS ARE LUNDIN NORWAY (20 PERCENT) AND VÅR ENERGI (20 PERCENT).  Full Article

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Saipem joint venture push with U.S. drillers draws a blank: sources

MILAN/LONDON Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.