Eni SpA (E) , an Italian energy giant, has commenced gas production from the Argo Cassiopea field, a major gas development project in Italy. Located in the Strait of Sicily, the field is expected to contribute to Italy's energy supply significantly. Production Details The company reported that initial test production has begun from one of its four subsea wells that were drilled over the past few months. Eni expects the remaining wells and their associated infrastructure to be gradually brought online, teste ...

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 ...

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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 ...