Eni S.p.A (E) , an Italian integrated energy company, has completed the construction of its largest battery storage system, the Guajillo plant, in Webb County, TX. The plant was constructed under Plenitude’s subsidiary Eni New Energy U.S. Inc. Plenitude is the renewable energy wing of Italian energy giant, Eni.The facility is expected to start commercial operation by the first half of 2025.The Guajillo plant, equipped with lithium-ion LFP batteries, has been built to provide power supply when the market dem ...

Eni SpA (E) , the Italian energy giant, is accelerating its asset divestment strategy. UBS analysts predict €3 billion in additional sales by the end of 2025. This milestone will bring Eni’s total asset sales to €8 billion, fulfilling its strategic goal two years ahead of schedule. The company has already completed disposals worth €5.9 billion.Eni's divestment strategy focuses on rebalancing its portfolio, with nearly half of the proceeds expected from selling stakes in its units and the other half from ups ...

Eni SpA (E) , the Italian energy giant, is set to kickstart a drilling campaign at the Zohr offshore gas field in Egypt. A specialized drilling ship, Saipem 10000, is preparing to arrive in Egypt later this month. According to the Egyptian Ministry of Petroleum, the initiative aims to reverse declining gas production in Egypt and enhance output from one of the region’s largest gas fields.Eni, which discovered Zohr in 2015, played a key role in establishing Egypt as a prominent gas producer. However, the cou ...

Eni SpA (E) has commenced Phase 2 production from the Baleine field in Côte d'Ivoire’s offshore, a milestone in the country's energy development. This new phase elevates production to 60,000 barrels of oil per day and 70 million cubic feet of associated gas, strengthening Côte d'Ivoire’s role in the global energy sector.The project utilizes the Floating Production, Storage, and Offloading Unit Petrojarl Kong alongside the Floating Storage and Offloading Unit Yamoussoukro. While oil is exported, the processe ...

Company Overview - Eni S p A is an Italian multinational oil company and one of the oil supermajors with a market capitalization of just over $40 billion [2] - The company is one of the smallest diversified oil companies and is often overlooked in the industry [2] Retirement Investment Strategies - The Retirement Forum offers actionable ideas, a high-yield safe retirement portfolio, and macroeconomic outlooks to help maximize capital and income [3] - The Value Portfolio specializes in building retirement portfolios using a fact-based research strategy, including extensive readings of 10Ks, analyst commentary, market reports, and investor presentations [4] - The Value Portfolio invests real money in the stocks it recommends, ensuring practical application of its research [4]

Eni SpA (E) has confirmed a tragic explosion at its fuel depot in Calenzano, located near Florence, Italy, early Monday morning. The explosion occurred at a loading bay, resulting in a fire that was swiftly extinguished by firefighters.Fortunately, the blaze was confined to the loading shelter area and did not reach the fuel tanks containing gasoline, diesel and jet fuel. The facility, which is linked via pipeline to Eni’s Livorno oil refinery, has not been affected by the incident.The explosion has tragica ...

It's coming up toward the end of the year - a time when I go over my portfolio and look at what I want to cut, what I want to balance out, what I want to buy, and where I Analyst's Disclosure: I/we have a beneficial long position in the shares of E, SIEGY, EQNR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company who ...

Eni S.p.A (E) , a global integrated energy company, is set to receive a new chunk of investment for its renewable energy business, Plenitude. The Swiss asset management firm Energy Infrastructure Partners (“EIP”) will increase its stake in Plenitude from 7.6% to 10%. The deal values Eni’s renewable energy and retail business unit, Plenitude,at more than 10 billion euros, including debt.Eni has stated that EIP will purchase new shares issued by the company for approximately 209 million euros. E has adopted a ...

Eni SpA (E) reported third-quarter 2024 adjusted earnings from continuing operations of 86 cents per American Depository Receipt, which missed the Zacks Consensus Estimate of 89 cents. The bottom line declined from the year-ago quarter's $1.18. Total quarterly revenues of $23.1 billion declined from $24.7 billion a year ago. The top line also missed the Zacks Consensus Estimate of $23.4 billion. The company's weak quarterly results were driven by lower throughputs and lower average liquids price realization ...

Eni S.p.A. (NYSE:E) Q3 2024 Earnings Conference Call October 25, 2024 8:00 AM ET Company Participants Francesco Gattei - Chief Transition & Financial Officer Adriano Alfani - Chief Executive Officer, Versalis Guido Brusco - Chief Operating Officer, Global Natural Resources Giuseppe Ricci - Chief Operating Officer, Industrial Transformation Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Conference Call Participants Josh Stone - UBS Alessandro Pozzi - Mediobanca Giacomo Romeo - Jefferies ...