Eni Confirms Fire at Calenzano Fuel Depot Near Florence

Incident Overview - Eni SpA confirmed an explosion at its fuel depot in Calenzano, Italy, resulting in a fire that was quickly extinguished, with no damage to the fuel tanks [1] - The explosion tragically resulted in the deaths of two workers, with eight injured and four still missing as rescue efforts continue [2] - Local authorities have initiated an investigation into the explosion's causes, with Eni cooperating fully [2][3] Safety and Operational Impact - Eni reassured that the tank farm area storing large quantities of fuel was unaffected and that operations at the depot are not at risk [4] - The incident highlighted the risks associated with handling volatile fuels and underscored the need for robust safety protocols in the industry [4] Company Position and Market Context - Eni currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [5] - Investors may consider better-ranked stocks in the energy sector, such as TechnipFMC plc (Rank 2), FuelCell Energy (Rank 2), and Nine Energy Service (Rank 2) [5]