Edin. New It Share Discussion Threads

[florenceorbis] 18/4/2023 10:45

Eni
13.832 -0.35%

[grupo guitarlumber] 17/4/2023 12:01

[Italie] ENI S.P.A (ENI)

Tradegate - 13:58:39 17/04/2023


13.91 EUR +0.82%


Broke thru Resistance so now needs confirmating in coming days

[adrian j boris] 16/4/2023 08:32

Needs to convincingly break thru resistance

i guees it depends on the results and outlook now

hold off buying for moment

[florenceorbis] 13/4/2023 08:02

[Italy] ENI S.P.A (ENI)

Real-time Estimate Tradegate - 08:58:28 13/04/2023 BST

13.74 EUR +0.51%

New man might help the attack on the Resistance currently at 13.784

[the grumpy old men] 12/4/2023 16:51

UPSTREAM

Eni puts major new East Med gas project on fast track

Onshore and offshore LNG solutions studied for Cyprus gas cluster

12 April 2023 3:01 GMT Updated 12 April 2023 15:08 GMT

By Iain Esau
in London

Eni is set to sanction a major new project offshore Cyprus in 2024 and is studying onshore and offshore liquefied natural gas solutions, according to the company’s head of natural resources.

The Italian major is also exploring the possibility of working with US giant ExxonMobil on a joint development of their Cypriot gas resources, although this appears the least likely option at present.

[waldron] 11/4/2023 05:39

FPSO Firenze sets sail to Eni’s Baleine oil and gas field in Côte d’Ivoire



By NS Energy Staff Writer 10 Apr 2023

Currently, installation of the subsea production system and well completion campaign are in progress, which are expected to help the Italian oil and gas firm in achieving an expedited production start-up at the Baleine oil and gas field by June 2023
palazzo-eni-roma-2.jpg.rend.1000.600

Eni expects to begin production from the Baleine oil and gas field in H1 2023. (Credit: Eni)

Eni said that the Firenze floating production storage and offloading (FPSO) vessel, which is to be deployed at the Baleine oil and gas field, has left Dubai to its destination in the waters of Côte d’Ivoire.

The Italian energy company is partnered by Ivorian state-owned national oil and gas company PetroCi in the offshore oil and gas field that spans over the CI-101 and CI-802 blocks.

According to Eni, FPSO Firenze will enable the start-up of production at the Baleine field, which to date is the largest hydrocarbon discovery made in Côte d’Ivoire.

The discovery is estimated to hold 2.5 billion barrels of oil and 3.3 trillion cubic feet of associated gas. It was made in July 2022 following the drilling of the Baleine East 1X well in the CI-802 block.

In September 2021, the Italian firm made an oil discovery in the CI-101 block.

Eni claimed that the development of the Baleine oil and gas field will also be the first net-zero emission project in Africa in terms of Scope 1 and 2.

To be renamed Baleine upon its arrival in Cote d’Ivoire, FPSO Firenze has been refurbished and upgraded for preparing it for the treatment of up to 15,000 barrels per day (bbl/d) of oil and nearly 25 million cubic feet per day (Mcfd/d) of associated gas.

The Italian oil and gas firm stated: “Eni’s phased development model and fast track have proven to be effective, as the project is set to start production less than 2 years from the Baleine 1X discovery well and one and a half years after the FID.

“Eni is already progressing swiftly on the second phase of the project forecasting a start-up of production by December 2024 after having taken the FID in December 2022.”

The company said that the entire gas produced from the Baleine field will be delivered onshore through a newly laid export pipeline.

Currently, installation of the subsea production system and well completion campaign are in progress. These are expected to help Eni in achieving an expedited production start-up at the Baleine oil and gas field by June 2023.

[grupo guitarlumber] 07/4/2023 12:54

Latest Dividends

Summary Next dividend

Quarterly

Per share 22¢ at a guess

Declaration date 12 May 2023 (Fri)

Ex-div date 22 May 2023 (Mon)

Pay date 24 May 2023 (Wed)

[ariane] 07/4/2023 11:27

7 april 2023, 13:39
0

Eni Celebrates Sail Away of FPSO Firenze to Baleine Field Offshore Côte d'Ivoire

The FPSO Firenze will allow production start-up of the Baleine field, which is the largest hydrocarbon discovery in Côte d'Ivoire.

Eni Celebrates Sail Away of FPSO Firenze to Baleine Field Offshore Côte d'Ivoire



Source: Eni

Moscow, April 7 - Neftegaz.RU.


Eni, in partnership with PetroCi, celebrated the sail away of the FPSO Firenze to the Baleine field offshore Côte d'Ivoire in Dubai.

The event was attended by Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy Côte of d'Ivoire, and other dignitaries.


The FPSO Firenze will allow production start-up of the Baleine field, which is the largest hydrocarbon discovery in Côte d'Ivoire to date, with an estimated oil in place of 2.5 billion barrels and 3.3 trillion cubic feet of associated gas.
The development of Baleine will also be Africa's first net-zero emission project (Scope 1 and 2).

The FPSO Firenze, that will be renamed Baleine after its arrival in Cote d’Ivoire, has been refurbished and upgraded in order to allow it to treat up to 15,000 bbl/d of oil and around 25 Mcfd/d of associated gas.


The entire gas production will be delivered onshore via a newly built export pipeline.


The installation of the subsea production system and well completion campaign are underway and will ensure an accelerated start-up of production by June 2023.

Eni's phased development model and fast track have proven to be effective, as the project is set to start production less than 2 years from the Baleine 1X discovery well and one and a half years after the FID.


Eni is already progressing swiftly on the second phase of the project forecasting a start-up of production by December 2024 after having taken the FID in December 2022.

Eni is committed to sustainable development, and the Baleine field's net-zero emission project is a significant step towards achieving this goal.

The company looks forward to contributing to the development of Côte d'Ivoire's hydrocarbon industry with the Baleine field and its other projects in the Ivorian deep water.

The Baleine field extends over blocks CI-101 and CI-802.


Eni also owns interests in four other blocks in the Ivorian deep water: CI-205, CI-501, CI-401, and CI-801, all with the same partner, PetroCi Holding.

neftegaz.ru

[sarkasm] 05/4/2023 09:07

[Italy] ENI S.P.A (ENI)

Real-time Estimate Tradegate - 10:06:10 05/04/2023 BST

13.37 EUR +0.48%

[sarkasm] 05/4/2023 09:06

Consensus

Mean consensus BUY

Number of Analysts 27

Last Close Price 13,31 €

Average target price 16,43 €
Spread / Average Target 23,4%

High Price Target 20,00 €
Spread / Highest target 50,3%

Low Price Target 12,50 €
Spread / Lowest Target -6,09%

[sarkasm] 05/4/2023 09:04

In a research note published by Michele della Vigna, Goldman Sachs advises its customers to buy the stock. The target price remains unchanged at EUR 18.

[sarkasm] 05/4/2023 09:03

RBC confirms his opinion on the stock and remains Neutral. The target price is lowered from EUR 12.50 to EUR 12.00.

[sarkasm] 05/4/2023 08:58

ENI S.p.A. – Consensus ‘Buy’ rating and 22.5% Upside Potential
Broker Ratings

Charlotte Edwards
April 4, 2023

11:28 am


ENI S.p.A. with ticker code (E) have now 3 market analysts covering the stock.


The analyst consensus now points to a rating of ‘Buy’.


The target price High/Low ranges between 42 and 28.36 and has a mean target at $34.29.

Given that the stocks previous close was at $28.00 and the analysts are correct then we can expect a percentage increase in value of 22.5%.

The 50 day moving average now sits at $29.01 while the 200 day moving average is $26.32. The market capitalization for the company is $49,244m. Company Website:

The potential market cap would be $60,307m based on the market consensus.

[la forge] 30/3/2023 06:57

TotalEnergies, ENI and Perenco dilly-dally over Djeno terminal



TotalEnergies, ENI, Perenco and the SNPC are struggling to reach agreement on management of the Djeno Terminal.


This has angered the oil minister, who has given them until 31 March to settle their differences. [...]

[sarkasm] 27/3/2023 09:24

likely to fall much further if 12.16 euros broke thru

[the grumpy old men] 25/3/2023 09:17

Eni Launches ‘Sustainable Supply Chain Finance’ Program

March 25, 2023

By Eurasia Review


Eni is launching an innovative programme in cooperation with some banks to offer companies in its supply chain the opportunity to optimise the management of their liquidity by incentivising the improvement of their ESG profile.

Eni said Friday it reaffirms its commitment to the energy supply chain by making available to its suppliers a new digital and sustainability-related model – in addition to “Basket Bond – Sustainable Energy” programme -. It is designed for Eni suppliers to receive advance payments from the scheme’s financial partners.

Thanks to FinDynamic’s technology and to the collaboration with Crédit Agricole and UniCredit for financial activities, Eni’s suppliers will have an additional possibility to access credit simply and quickly, and will also obtain favorable financial terms.

By joining the Sustainable Supply Chain Finance Programme, suppliers will have the possibility to request advance payment of invoices issued to Eni through the “FinTech”; digital platform, which is provided by FinDynamic, a company specialised in offering innovative solutions to optimise the management of corporate liquidity.

As the banking counterparts (funders) selected by Eni for this programme, Crédit Agricole and UniCredit have initiated the process to finalise the operational procedures.

The conditions for companies to access the programme will be linked to their commitment to sustainable development, thus combining an improvement in financial resource management with ESG performance. To this end, companies will use the functionalities of Open-es, the digital platform connecting industry, finance and trade associations and dedicated to the sustainable growth of supply chains.

With this new programme, Eni is strengthening its support strategy for companies by offering concrete tools for creating long-term value while emphasising the importance of involving the entire supply chain towards a path of sustainable growth.

[adrian j boris] 20/3/2023 09:10

Eni Partners With MIT Spin-Out, CFS, on Fusion Energy
by Paul Anderson
|
Rigzone Staff
|
Monday, March 20, 2023

Eni has formed a partnership with Commonwealth Fusion Systems with the aim of accelerating the industrialization of fusion energy.

Eni has signed a collaboration framework agreement with Commonwealth Fusion Systems (CFS) to work on accelerating the industrialization of fusion energy. The Italian major made its first investment in CFS in 2018 and is a significant shareholder in the business, the company said in its statement.

According to Eni, this strategic agreement will leverage its global engineering and project management experience for a series of projects to support CFS and the development and deployment of fusion energy on an industrial scale.

Eni was the first energy company to believe and invest in fusion, which could make a major contribution to the energy transition once it is developed on an industrial level, the company’s statement reads.

CFS has the fastest pathway to commercial deployment of fusion energy, according to Eni. In September 2021, the company reached a major milestone with the successful test of its high-temperature superconducting magnet technology: the strongest magnet of its kind in the world, which will ensure plasma confinement in the magnetic fusion process, and which has paved the way for achieving net energy from fusion in a future demonstration plant, Eni said.

Eni added that, SPARC, projected to become the world's first magnetic confinement pilot plant with net production of fusion energy, is in construction and will be operational in 2025. SPARC will pave the way for ARC – the first commercial power plant capable of feeding electricity into the grid, which is projected to be operational in the early 2030s.

"We will see the first CFS power plant based on magnetic confinement fusion at the beginning of the next decade, with then almost two decades ahead to deploy the technology and achieve the energy transition goals by 2050. Having this technology at the industrial level, providing large quantities of zero carbon energy produced in a safe, clean and virtually inexhaustible way, will mean that we will contribute substantially to the energy transition challenge,” Eni's CEO Claudio Descalzi said.

“The collaboration framework between CFS and our long-standing partner, Eni, has great potential to advance our efforts on key global challenges and opportunities in transforming the energy landscape with a limitless supply of clean fusion energy,” said CFS CEO Bob Mumgaard. “This agreement underscores the key role existing energy companies play in accelerating fusion energy industrialization and the power of pairing of complementary organizations.”;

In detail, the framework agreement aims at accelerating the industrial development of ARC as well with a series of projects now under development that could include operational and technological support, technological development, project execution through the sharing of methodologies learned from the energy industry, as well as relationships with stakeholders, Eni said in its statement.

For Eni magnetic confinement fusion has a central role among the technologies that can lead the way to decarbonization as it will prospectively allow humanity to have a virtually inexhaustible supply of energy and without CO2 emissions, transforming the paradigm of energy generation forever, the statement reads.

To contact the author, email [e-mail]

[waldron] 18/3/2023 16:39

Russian Oil Company Lukoil Snaps Up Offshore Blocks In Congo

By Julianne Geiger - Mar 17, 2023, 3:30 PM CDT

Russian oil company Lukoil has said it now has rights to two offshore energy blocks in the Republic of Congo in partnership with Italian oil giant Eni.

The rights to the offshore blocks, known as Marine 24 and Marine 31, are now held by Lukoil with a 43% interest, Interfax said. Lukoil said that Congo accepted its application for the blocks, submitted with partner Eni.

The commercial terms for the venture have yet to be agreed on.



Lukoil already has a presence in the Republic of Congo in the Marine XII project, operated by Eni.

"First of all, we are interested in projects where Lukoil could act as operator. We have discussed a number of such opportunities today," Lukoil's Vice-President for America, Africa and the Middle East Ivan Romanovsky said after a meeting with the Congolese Minister of Hydrocarbons Bruno Jean-Richard Itoua.

Lukoil purchased a 25% stake in Marine XII in 2019 for $800 million. Eni, which holds a 65% stake in the project, signed a contract with China's Wison Heavy Industry to build an FLNG installation with a capacity of 2.4 million tonnes.

While Congo and Eni appear to be welcoming Lukoil with open arms, other projects Lukoil has sought to proceed with are being held up thanks to sanctions-related cold feet. In Ghana, Lukoil is looking to sell its stake in the Peacan field development because banks have been nervous about getting involved due to sanctions. Aker Energy, Lukoil's partner, also grew nervous about moving forward on the project with the private Russian oil company.

Lukoil also recently was approved by Iraq's Thi-Qar Oil to develop the Eridu oilfield after submitting a development plan back in 2021.


By Julianne Geiger for Oilprice.com

[waldron] 17/3/2023 18:49

Eni makes new oil discovery offshore Mexico

March 17, 2023




Alex Procyk

Eni SPA made a discovery on the Yatzil exploration prospect in Block 7 in the mid-deep water of the Cuenca Salina in Sureste basin, about 65 km offshore Mexico. The discovery may contain about 200 MMboe in place.

Yatzil-1 EXP is the second commitment well of Block 7 and the eighth successful one drilled by Eni in Sureste basin. It is about 25-30 km away from other discoveries.

The well was drilled by the Valaris DPS5 semisub rig in 284 m of water and reached total depth of 2,441 m. Yatzil-1 EXP found in excess of 40 m net pay sands with good quality oil in the Upper Miocene sequences, with excellent petrophysical properties confirmed by an extensive subsurface data collection.

Eni is operator at Block 7 (45%) with partners Capricorn Energy PLC (30%) and Citla Energy (25%).

[grupo guitarlumber] 16/3/2023 06:40

ENI queues up for slice of Namibian oil and gas bonanza



After several recent discoveries by Shell and TotalEnergies, the Italian major ENI is working on all fronts with the Namibian authorities to invest in offshore permits.

Asian companies also have an eye on the zone. [...]

[grupo guitarlumber] 16/3/2023 06:33

Support nears 12.284 euros

[waldron] 12/3/2023 09:43

WOW

Nearing a 13 euros support

Will take as buying opportunity if fall further especially after ex divi day

[grupo guitarlumber] 11/3/2023 08:53

Next dividend

Quarterly

Per share 22¢ PERHAPS

Declaration date 23 Feb 2023 (Thu)

Ex-div date 20 Mar 2023 (Mon)

Pay date 22 Mar 2023 (Wed)