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]

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 ...

Eni SpA's (E) mobility transformation company, Enilive Iberia, a subsidiary of Enilive in the Iberian Peninsula, has successfully acquired 100% of the shares of Atenoil, a prominent company in the service station sector. This strategic move, approved by relevant authorities, significantly expands Enilive Iberia's network. The acquisition includes 21 service stations located in Madrid, Andalusia and Castilla-La Mancha, increasing Enilive Iberia's total network in Spain to 38 stations. This expansion not only ...