Eni to divest stake in Algeria-Italy gas pipelines to Snam
Eni will own a 50.1% stake in the newly incorporated company NewCo, while Snam will own the remaining stake.
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Germany leads underground working gas storage capacity in Europe
Germany has the leading active working gas capacity in Europe, as of September 2021, at 1,326 bcf.
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Eni swings back to profit in Q2 2021 as oil prices rebound
Eni’s adjusted net profit in the quarter was €929m driven by a robust performance of E&P business.
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Industry carbon budget depleted by 2037, NOCs to use half: Study
A study by the World Benchmarking Alliance has ranked oil and gas companies by their climate efforts and warned of…
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Eni reports five-fold jump in adjusted net profit in Q1 2021
Italian multinational oil and gas company Eni has reported a nearly five-fold increase in adjusted net profit in the first…
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Lundin Energy sells first ‘certified carbon neutrally produced oil’ product
Independent exploration and production company Lundin Energy claims to have sold the ‘world’s first certified carbon neutrally produced oil’ product.
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As vaccination continues, how fast can oil demand return?
Holidays, commutes, and even short-distance journeys would contribute to oil product consumption, so all arms of the industry hope for…
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Hydrogen, AI, and remote operations: lessons from Baker Hughes’ AM
The Baker Hughes Annual Meeting brought together industry leaders to look at innovations of the past year and their future…
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