Total quarterly revenues of $24.8 billion increased from $21.6 billion recorded a year ago. However, the top line missed the Zacks Consensus Estimate of $25.7 billion. Eni operates through four business segments — Exploration & Production, Global Gas & LNG Portfolio, Enilive Refining and Chemicals, and Plenitude & Power. Liquids production totaled 777 thousand barrels per day (MBbl/d), up 3% from the year-ago quarter's 757 MBbl/d. Natural gas production increased to 4,888 million cubic feet per day from 4,4 ...

Eni S.p.A. (NYSE:E) (OTCPK:EIPAF) looks pretty attractive. While having a solid E&P business, they also have a growth engine in Enilive and Plentitude. Enilive alone could be commanding a significant corporate valuation of between 11.5-12.6 bn EUR in equity. Plentitude was something around 8 billion EUR when it received investment from EIP. The residual businesses in E&P look quite shored up with some recent acquisitions that have considerable growth potential. The chemical and refining business doesn't loo ...

Eni S.p.A. (NYSE:E) Q2 2024 Earnings Conference Call July 26, 2024 8:00 AM ET Claudio Descalzi - CEO Stefano Ballista - CEO, Enilive Francesco Gattei - CFO Guido Brusco - Head of Natural Resources Cristian Signoretto - Head of GGP Adriano Alfani - CEO, Versalis Jon Rigby - Head of IR & Strategic Analysis Irene Himona - Bernstein Josh Stone - UBS Biraj Borkhataria - RBC Capital Markets Alejandro Vigil - Santander Alessandro Pozzi - Mediobanca Alastair Syme - Citi Lydia Rainforth - Barclays Peter Low - Redbur ...

IH 2024 RESULTS CONTINUED STRATEGIC PROGRESS Alaska 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------|-----------------------------------|-------|---------------------------------------------------|-------------|--------------------|------------------------|------------------------|--------------------------------------------------------|---------------|--------------------------------|------------------|-------|-------------------- ...

The deal, which could value Enilive at €11.5-12.5 billion ($12.5-$13.6 billion), including debt, underscores Eni's strategic shift toward making its business units financially independent. A preliminary agreement is anticipated by September, coinciding with the end of the exclusivity period, with the final transaction likely to conclude by the year's end. GeoPark Ltd. (GPRK) , based in Hamilton, Bermuda, is an explorer, operator and consolidator in the oil and gas sector. The company primarily operates in C ...

Group 1: Eniquantic Joint Venture - Eni has partnered with ITQuanta to establish a joint venture named Eniquantic, focusing on quantum computing applications in the energy sector [7] - Eniquantic will leverage Eni's High Performance Computing supercomputers to explore integrations between quantum and classical architectures, aiming to improve energy production efficiency, particularly in renewable energy [1][14] - The venture is part of Eni's corporate initiative, Eniverse, aimed at enhancing in-house skills and technological solutions for entrepreneurial initiatives [9] Group 2: Technological Advancements - Eniquantic will utilize molecular dynamics and quantum mechanics techniques to discover high-performance materials for energy sources, including magnetic confinement fusion [8] - The collaboration aims to develop an integrated quantum machine for solving complex problems in optimization, modeling, simulation, and artificial intelligence, supporting the energy transition [15] Group 3: Strategic Goals - Through Eniquantic, Eni aims to significantly contribute to the energy transition by harnessing quantum computing for advancements in energy efficiency, material discovery, and operational optimization [14] - The synergy between Eni's operational excellence and ITQuanta's expertise in atomic physics and quantum computation is expected to enhance Eni's leadership in high-performance computing for industrial use [2]

Eni's (E) chemical company, Versalis, in collaboration with Forever Plast, has launched REFENCE, an innovative range of recycled polymers designed for food contact packaging. The co-development agreement between Versalis and Forever Plast has resulted in a purification process for recycled polymers that complies with EU Regulation 1616/2022 on recycling. Additionally, the technology has received a non-objection letter from the U.S. Food and Drug Administration, further validating its safety and effectivenes ...

The Yopaat-1 EXP well was drilled in a water depth of 525 meters and reached a total depth of 2,931 meters, encountering approximately 200 meters of net pay of hydrocarbon-bearing sands in the Pliocene and Miocene sequences. The drilling operation was accompanied by an extensive subsurface data acquisition campaign, ensuring a comprehensive understanding of the geological formation. Eni's latest discovery in the Sureste Basin marks a promising chapter in its Mexican operations, paving the way for future gro ...

Eni SpA (E) signed a binding agreement to divest its Nikaitchuq and Oooguruk upstream offshore assets in Alaska to the United States-based private company Hilcorp. Eni had initially held a 30% interest in the Oooguruk oil field. In 2019, the company acquired the remaining stake and operatorship. In addition, Eni was already the operator with a 100% working interest in the Nikaitchuq oil field, situated 13 kilometers northeast of Oooguruk. Nikaitchuq has been in production since 2011, further strengthening E ...

Group 1: Strategic Collaboration - Eni and the FS Group are collaborating to test the use of pure HVO biofuel as a replacement for diesel in trains and buses, specifically with Trenitalia Blues hybrid trains in Calabria since July 2023 [1] - The partnership aims to enhance energy transition and develop alternative fuels for transportation, intermodal logistics solutions, and best practices in energy efficiency [10][11] Group 2: Environmental Impact - HVOlution biofuel, produced by Eni from renewable sources, can reduce CO2eq emissions by up to 80% compared to traditional fossil fuels, depending on the raw materials used [2] - The collaboration signifies a crucial step toward a sustainable future, emphasizing the importance of innovation and collaboration in achieving environmental goals [3] Group 3: Historical Context - In 2018, Eni and the FS Group signed a Memorandum of Understanding to enhance workplace safety, sharing best practices and knowledge across various sectors [4] Group 4: Industry Insights - The oil and gas sector is playing a pivotal role in shaping the new energy landscape by combining investments in low-carbon technologies while maintaining hydrocarbon production [3]