ab 18 July 2025 Global Oil and Gas Global Oil & Gas Valuation 18 July 2025 UBS Investment Research Global Oil & Gas Valuation Sheets This material has been prepared by UBS Europe SE Henri Patricot CFA, Analyst, +33-1-4888 3033, henri.patricot@ubs.com 18 July 2025 India Bharat Petroleum Hindustan Petroleum Indian Oil ONGC Reliance Industries Europe BP BW LPG Ceres Power ENI Fuchs Petrolub Galp Industrie De Nora ITM Power MOL Motor Oil North America Aemetis Antero Resources APA Corp Arc Resources Archer-Danie ...

Key Takeaways E signs 20-year SPA to purchase 2 mtpa of LNG from Venture Global's CP2 LNG facility in Louisiana. This marks Eni's first long-term LNG agreement with a U.S.-based exporter, expanding its global LNG reach. With Eni onboard, CP2's total contracted LNG volumes now stand at 13.5 mtpa across multiple global buyers.Eni S.p.A (E) , an Italian integrated energy firm, has signed a long-term sales and purchase agreement (SPA) with Venture Global Inc. (VG) , a U.S.-based liquefied natural gas (“LNG”) ...

Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to ...

Core Insights - Eni S.p.A has entered into a joint venture with Khazna Data Centers to develop a data center campus in Ferrera Erbognone, Lombardy, as part of a broader partnership between Italy and the UAE, aiming for a combined IT capacity of up to 1 gigawatt in Italy [1][9] Group 1: Project Overview - The AI Data Center Campus is projected to have a total IT capacity of 500 megawatts, focusing on scalable, high-performance computing infrastructure while ensuring energy efficiency to minimize environmental impact [2] - The joint venture is formalized through a Heads of Terms agreement, outlining key responsibilities and administrative structure, leveraging Khazna's expertise in advanced data center operations [3] Group 2: Environmental Impact - Eni will supply "blue power," a low-carbon electricity source generated from its new Gas Power Plant equipped with carbon-capture technology, to the data center, aiming to reduce emissions and support a sustainable AI ecosystem in Europe [4][5] - This initiative represents a significant step in combining low-carbon energy with data center operations, addressing the high electricity consumption and carbon emissions typically associated with data centers [5] Group 3: Strategic Importance - The development of the data center campus is crucial for advancing Europe's digital transformation, particularly as artificial intelligence becomes increasingly vital across various industries [2] - The project aligns with Khazna's European expansion strategy, contributing to the necessary infrastructure for the growth of AI tools and technologies [3]

Key Takeaways Eni S.p.A (E) is set to temporarily suspend operations at its gas processing facility in Ghana this Sunday to carry out upgrades aimed at increasing natural gas output (according to Ghana's Energy ministry), per a Reuters report. The move, while expected to improve long-term energy security, could lead to temporary power supply disruptions across the country. The supply enhancement deal between Eni and Ghana's government will raise gas deliveries by 30 million standard cubic feet per day (MMSC ...

Core Insights - Eni S.p.A. has signed a 30-year production sharing contract with Sonatrach for exploration and development in Algeria's Zemoul El Kbar region, with a total investment of $1.35 billion [1][8] - The project is expected to yield approximately 415 million barrels of oil equivalent, including around 9.3 billion cubic meters of gas [2][8] - Eni aims to enhance production and operational efficiency by leveraging advanced technologies in collaboration with Sonatrach [3] Investment and Production Details - The exploration area covers 4,200 square kilometers in the Berkine Basin, located about 300 kilometers east of Hassi Messaoud [1] - The estimated production over the contract's life includes significant natural gas output, with discussions ongoing for joint programs in gas production and LNG exports to European markets [2][8] Strategic Initiatives - Eni and Sonatrach are also exploring opportunities in hydrogen and renewable energy projects alongside hydrocarbon resource development [2][8] - Eni has maintained a presence in Algeria since 1981, and this contract is expected to strengthen its position in the region [3]

Core Insights - Eni S.p.A's renewable energy subsidiary, Plenitude, has commenced construction of a 200 MW solar photovoltaic park named Entrenúcleos in Spain, expected to be operational by 2026 [1][10] - The project will utilize green steel and incorporate ecological design features to promote biodiversity [4][10] - Plenitude's total solar capacity under development in Andalusia now reaches approximately 580 MW, with additional projects already underway [5][10] Project Details - The Entrenúcleos solar park will consist of 326,000 solar panels across four units, each with a capacity of 50 MWp, projected to generate over 435 GWh of clean electricity annually [3][10] - The northern block of Plenitude's Renopool solar complex in Extremadura has recently been completed, adding 130 MW of capacity and expected to produce 265 GWh of annual renewable output [2] Strategic Importance - Plenitude's expansion in Andalusia aligns with its broader renewable energy strategy in Spain, where it has around 1,300 MW of installed wind and solar capacity and a pipeline of over 2 GW of projects [7] - The company aims to achieve 10 GW of installed renewable capacity and expand its customer base to over 11 million by 2028 [8]

Core Insights - Eni S.p.A has completed drilling operations at the Zohr gas field, enhancing Egypt's natural gas production capacity [1][8] - The Saipem 10000 drillship has been instrumental in drilling additional wells at the Zohr field, with ongoing operations aligned with Egypt's development plan [2][3] - The Zohr gas field is a significant asset, containing approximately 480 million barrels of oil equivalent, and is crucial for Egypt's energy strategy [4][5] Production Capacity and Future Plans - The completion of drilling at the Zohr 6 well has added 60 million cubic feet of natural gas per day to Egypt's production capacity, supporting national energy requirements [3][8] - The upcoming Zohr 13 well is projected to contribute an additional 55 million cubic feet per day, further bolstering production [4][8] - Eni aims to increase production to 3.2 billion cubic feet per day by the end of 2025, with plans for two more wells and a $360 million investment in 2026 [5][8] Industry Context - The growth in natural gas output from the Zohr field aligns with Egypt's strategy to enhance local production and ensure a steady energy supply across various sectors [3] - Eni's operations at the Zohr field reflect the broader trends in the energy sector, focusing on maximizing production from existing resources [5][8]

Key Takeaways E launched Versalis Oilfield Solutions to focus on specialized oil drilling products and services. The new entity integrates R&D, production, and global sales across key oil-producing regions. E aims to boost efficiency, expand its client base, and enhance sustainability through this spin-off. Eni S.p.A’s (E) chemical arm, Versalis, has officially launched Versalis Oilfield Solutions S.r.l., a dedicated subsidiary, to offer specialized products and services for the global oil drilling indust ...

Key Takeaways E has launched operations at Plenitude's Renopool solar park, its largest such project to date. The first operational block includes 3 plants with 130 MW capacity, generating 265 GWh annually. Renopool supports Plenitude's Spain strategy, targeting over 2 GW in future renewable capacity.Eni S.p.A’s (E) energy transition-focused subsidiary, Plenitude, has initiated operations at the northern block of its Renopool photovoltaic complex in Solana de los Barros, Badajoz (Extremadura), Spain. The ...