Core Viewpoint - An Italian appeals court has upheld an eight-month prison sentence for two Milan prosecutors due to their failure to file documents that could have supported the position of energy group Eni in an international case [1] Group 1 - The court's decision emphasizes the legal accountability of prosecutors in handling cases involving major corporations like Eni [1] - The ruling may have implications for the judicial processes surrounding corporate legal matters in Italy [1] - Eni's position in the international case could have been strengthened had the prosecutors fulfilled their obligations [1]

Core Insights - Eni is set to launch a gas joint venture with Petronas in 2026, aiming for an initial production of 300,000 barrels of oil equivalent per day (boepd), with plans to increase to 500,000 boepd [1][5] - The joint venture will manage approximately three billion barrels of oil equivalent (bboe) of reserves, with a potential exploration upside of 10 bboe [3] - Eni has also finalized an agreement with YPF in Argentina to advance a liquefied natural gas (LNG) project, with exports expected to start in late 2029 or early 2030 [4][5] Joint Venture with Petronas - Eni and Petronas signed a framework agreement in June to establish an upstream joint venture overseeing their combined assets in Malaysia and Indonesia [2] - The joint venture will operate as a financially self-sufficient entity, with both parties agreeing on asset-level valuations leading to a 50:50 ownership split [3] LNG Strategy - Eni aims for gas to constitute 60% of its hydrocarbon production by 2030 and plans to have 20 million tonnes per annum of contracted LNG in its portfolio by 2029-30 [5]

Core Insights - Eni is advancing its Southeast Asian expansion with a major gas joint venture with Petronas, set to launch in 2025, aimed at transforming regional energy supply and enhancing production portfolios for both companies [1][3] Group 1: Joint Venture Details - The merger of upstream assets between Eni and Petronas in Malaysia and Indonesia is expected to produce up to 500,000 barrels of oil equivalent (boe) per day at full capacity, with reserves of around 3 billion boe and exploration potential of 10 billion boe [2] - The partnership is anticipated to enhance energy security in Southeast Asia and create jobs and infrastructure in both Malaysia and Indonesia [3] Group 2: Strategic Goals - Eni's Chief Operating Officer confirmed that the venture should be operational by next year, aligning with Eni's goal to expand its liquefied natural gas (LNG) business, with gas projected to constitute 60% of Eni's total hydrocarbon production by 2030 [4] - Eni is also progressing with its Vaca Muerta LNG project in Argentina, aiming for exports to commence between late 2029 and early 2030, which will help expand its global LNG portfolio to 20 million tonnes per annum (MTPA) by the end of the decade, up from 13 MTPA in 2024 [5] Group 3: Regional Context - The collaboration between Petronas and Eni is part of a broader trend of new deals in Southeast Asia, including Petronas' agreements with TotalEnergies to explore Malaysian offshore gas blocks with over 4 trillion cubic feet of reserves, reinforcing Malaysia's position as a key gas hub for Asia [6]

Core Insights - Eni and YPF have finalized an agreement to advance a liquefied natural gas (LNG) project in the Vaca Muerta field, Argentina, following a meeting between Eni's CEO and Argentina's President [1][2] - The Argentina LNG project aims to develop the Vaca Muerta gas field, with plans to export up to 30 million tonnes per annum (mtpa) of LNG [2][3] - The project will utilize two floating liquefied natural gas (FLNG) units, each with a capacity of 6 mtpa, translating to approximately nine billion cubic meters of gas annually [3] Project Details - The agreement includes a preliminary commitment to reach a final investment decision for the project [2] - The project encompasses gas production, processing, transportation, and liquefaction for export, along with the export of associated liquids [3][4] - YPF plans to drill 800 new wells and aims to double its gas production by 2024 [5] Financial Aspects - The project is projected to require $25 billion in infrastructure investment and an additional $15 billion for upstream development [6] - Eni's strategy aligns with supporting energy transition by prioritizing gas production and aiming for carbon neutrality by 2050 [4]

Core Insights - Eni and YPF have signed a Final Technical Project Description to advance the Argentina LNG project, aiming for a Final Investment Decision, which is a significant step for Argentina's LNG export ambitions [1][2] Group 1: Project Overview - The Argentina LNG project is designed to produce 12 million tons per year (MTPA) of LNG, with the first phase including two floating LNG units, each with a capacity of 6 MTPA, equating to approximately 9 billion cubic meters per year [3] - The project will utilize an integrated upstream-midstream model that encompasses gas production, processing, transport, and liquefaction [3] Group 2: Strategic Importance - The project aims to unlock the vast unconventional gas reserves of the Vaca Muerta shale basin, transitioning Argentina from a regional gas supplier to a global LNG exporter [5] - At full scale, the development could potentially reach up to 30 MTPA of LNG exports through multiple phases [5] Group 3: Partnership Dynamics - The agreement follows a Head of Agreement between Eni and YPF in June 2025, leveraging Eni's expertise in fast-track FLNG development and YPF's operational experience in Argentina [4] - For Eni, this partnership aligns with its gas-focused growth strategy and supports its 2050 carbon neutrality goals by expanding low-carbon gas production and export capacity [6] - For YPF, the collaboration provides a pathway to monetize Vaca Muerta's output and attract international investment into Argentina's energy sector [6]

ENI S.p.A. (NYSE:E) shares fell Friday as the Italian energy major advanced plans for a large-scale liquefied natural gas hub in Argentina following high-level meetings in Buenos Aires.The President of Argentina, Javier Milei, met with Claudio Descalzi, Eni’s chief executive, to review the company’s current footprint and potential new projects in the country.Afterward, Descalzi joined YPF (NYSE:YPF) President and CEO Horacio Marín to sign the Final Technical Project Description, a key milestone toward a Fin ...

Group 1 - Eni and YPF have finalized an engineering agreement for a liquefied natural gas project in Vaca Muerta [1] - The announcement was made during a presentation on Friday [1] - This collaboration highlights the ongoing investment in LNG projects in Argentina [1]

Eni has started the environmental approval process to transform its industrial site in Priolo, Sicily, into a biorefinery and a chemical recycling plant for plastics, the Italian energy group said on ... ...

Key Takeaways Eni and partners approved the Coral North FLNG project in Mozambique's Rovuma Basin.The project will add 3.6 mtpa capacity, raising Mozambique's LNG output above 7 mtpa.Coral North will apply lessons from Coral South to cut costs and shall remain on track for delivery by 2028.Eni S.p.A (E) , an Italian integrated energy company, stated that it has reached a final investment decision (FID) alongside its partners to move forward with the Coral North floating liquefied natural gas (FLNG) platform ...

Core Insights - Libya's National Oil Corporation (NOC) has announced the resumption of exploration work by Eni in the north-west offshore area of Libya, specifically in Block 16/4, after more than five years of inactivity [1] Group 1: Exploration Resumption - Eni's exploration activities in offshore Block 16/4 have restarted, focusing on the exploratory well C1-16/4 (BESS-3) [1] - The drilling at this location initially began on March 11, 2020, but was suspended due to the Covid-19 pandemic after reaching a depth of 1,012 feet [2] - The Scarabeo-9 rig, operated by Saipem, is now re-entering the well to complete drilling to a planned total depth of 10,520 feet [2] Group 2: Location and Context - The exploratory well is located in Contract Area D, approximately 95 km off the coast of Libya, at a water depth of around 743 meters, and is about 15 km from the Bahr Es Salam gas field [3] - Eni and BP restarted exploration work in Libya's Ghadames Basin in October of the previous year, marking a significant return to the region [3] Group 3: Historical Context - The resumption of exploration comes after a ten-year hiatus, with onshore drilling halted in 2014 due to political instability following the overthrow of Muammar Gaddafi in 2011 [4] - In July 2025, Mellitah Oil and Gas, a joint venture between NOC and Eni, contracted Hill International to oversee the Structures A&E project, which aims to boost local gas production and support exports to Europe [4][5]