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Eni
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Eni-controlled Vaar Energi has agreed to acquire Oslo-listed BlueNord for about $1.33-billion, forming Europe's largest independent oil and gas producer with a long-term output target of around 450 000 barrels of oil equivalent a day. Eni will remain a long-term majority shareholder in the enlarged group, while Vaar separately reported an 87% year-on-year rise in second-quarter earnings before interest and taxes to $2.24-billion.
Eni expands critical minerals and trading footprintEni has agreed to buy a 25% stake in EnergyX's Black Giant lithium project in Chile for a phased $225-million, supporting its plan to diversify supply chains and produce lithium-iron-phosphate batteries in Italy. Eni has also agreed to set up a 50:50 crude, fuels and gas trading joint venture with Mercuria, to be based in Geneva and operational from 2027, and joined ADNOC, TotalEnergies and CNPC in a $6.2-billion final investment decision on the Umm Shaif Gas Cap project in Abu Dhabi.
Eni deepens African and Asian upstream and minerals tiesEni signed a production-sharing agreement with Libya's National Oil Corporation following the country's first licensing round in nearly two decades, and remains a partner in the delayed $30-billion Rovuma LNG project in Mozambique. Elsewhere, Eni and Malaysia's Petronas, through their Searah joint venture, have started construction on the Bukit Panjang gas field in Indonesia, while Eni has invested US$70-million in Canada's Nouveau Monde Graphite to help fund the Matawinie mine's Phase 2 development.
Eni Updates
Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8-billion North Hub project in...
Abu Dhabi's State energy company Abu Dhabi National Oil Company (ADNOC) has taken a $6.2-billion final investment decision (FID) to develop the Umm Shaif Gas Cap, in an acceleration of its...
Norway's Vaar Energi said on Tuesday it will buy smaller Oslo-listed rival BlueNord to form Europe's largest independent oil and gas producer in a deal worth around $1.33-billion that sent shares...
Italian energy group Eni said on Monday it signed a deal to buy a 25% stake in Black Giant, a subsidiary of US startup EnergyX, which is developing a lithium project in Chile. Lithium is...
Swiss-based commodities trading house Mercuria and Italian oil and gas major Eni have agreed to set up a joint venture (JV), the companies said on Wednesday, reflecting a trend for trading...
PC Ketapang II Ltd, a unit of the Searah joint venture between Italy's Eni and Malaysia's Petronas, has begun the physical construction work on its Bukit Panjang gas field in Indonesia, the company...
Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several international energy companies following the country's first licensing round in nearly two decades, its...
Standard Bank has published a bullish macroeconomic assessment of the giant Rovuma liquefied natural gas (LNG) project in northern Mozambique, which has been described as the largest commercial...
Nouveau Monde Graphite Inc has concluded the equity component of the Phase 2 Matawinie financing package.
TSX- and NYSE-listed Nouveau Monde Graphite (NMG) has secured equity investments totalling $213-million from Canada Growth Fund (CGF), the government of Quebec through Investissement Québec (IQ)...
Angolan State-owned oil company Sonangol said on Wednesday that it wanted to diversify into critical minerals as it reported lower net profit last year. Sonangol made net profit of more than...
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