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 ...

A pivotal element of this strategic collaboration is the use of biofuels in trains and buses. Since July 2023, Eni and the FS Group have been testing the use of pure HVO biofuel as a replacement for diesel. This experimentation involves the latest generation of Trenitalia Blues hybrid trains operating in Calabria. The biofuel, HVOlution, produced by Enilive from renewable sources, complies with the EU RED II Directive and can significantly reduce CO2eq emissions by up to 80%, depending on the raw materials ...

Accelerating Plans for Enilive Strategic Realignment and Investment Descalzi elaborated that when the strategy was announced in March, the company was expecting to close the deal a little further ahead, but he now sees that there's a good chance of doing so by the end of this year, using the same approach as in the case of Plenitude. The planned sale of Enilive's minority stake is expected to attract substantial interest from investors looking to capitalize on the growing biofuel market. This move aligns wi ...

Conservation and Community Engagement The launch of the Great Limpopo Project by Eni and Biocarbon Partners signifies a transformative step in Mozambique's journey toward sustainable forest conservation and biodiversity protection. By integrating community involvement, financial sustainability, and innovative conservation strategies, this initiative is not only aimed to curb deforestation but also enhance the livelihoods of local populations. As the first project to receive a REDD+ license in Mozambique, it ...

Consequently, the terminal rate of the benchmark lending rate increased to 5.1% this year instead of 4.6% projected in March. The Fed kept the existing interest rate range of 5.25-5.5% intact, and, the statement regarding inflation was almost the same. Stocks in Focus Hancock Whitney is likely to meet debt obligations and sustain its capital distribution plans, given a solid liquidity position. Further, high rates will aid HWC's net interest margin (NIM) expansion. We expect NIM to rise to 3.39% this year. ...

The transaction was initiated through an accelerated book-building procedure, a swift method often used to sell shares quickly to institutional investors. Eni's divestment is part of a broader strategy to reduce debt and concentrate on its core operations. In midMarch, the company outlined plans to generate €8 billion ($8.59 billion) in net proceeds from asset sales by 2027 as part of its financial restructuring and strategic refocus. The final terms of the transaction will be disclosed upon the completion ...

The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $5.15 and $4.48, respectively. The partnership has witnessed upward earnings estimate revisions for 2025 in the past seven days. Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over 10 fuel brands, ensuring a stable revenue stream. SUN currently has a Value Score ...