Core Insights - Eni reported a 35% year-on-year increase in adjusted net profit for Q4, driven by strong growth in its exploration and production division [1] - The adjusted net profit for the fourth quarter reached 1.2 billion euros ($1.4 billion), up from 885 million euros in the same period last year, surpassing analyst expectations of 960 million euros [1] Financial Performance - Adjusted net profit for Q4: 1.2 billion euros ($1.4 billion) [1] - Year-on-year growth: 35% increase from 885 million euros [1] - Analyst consensus: Expected profit of 960 million euros [1]

YPF Sociedad Anónima (NYSE:YPF) is included among the 14 Best LNG Stocks to Buy Now. YPF Signs Agreement to Advance LNG Project in Argentina YPF Sociedad Anónima (NYSE:YPF) is an energy company that engages in upstream and downstream oil and gas activities in Argentina. On February 12, YPF Sociedad Anónima (NYSE:YPF) signed a joint development agreement with Italian Eni and UAE-based XRG to advance a liquefied natural gas project linked to Argentina’s Vaca Muerta field. The project, called Argentina LNG ...

Key Takeaways Eni begins oil production at Ndungu in Angola's Block 15/06 under the Agogo IWH Project.Ndungu targets 60,000 bpd, just six months after Agogo FPSO achieved first oil.Eni states Agogo and Ndungu could reach 175,000 bpd combined at full capacity.Eni S.p.A. (E) announced the start-up of the Ndungu full-field, part of the Agogo Integrated West Hub (IWH) Project in Block 15/06 offshore Angola, marking the commencement of oil production. The project is operated by Azule Energy, the equal joint vent ...

For Europe's oil ang gas firms geopolitics is in the driving seat - analyst Proactive uses images sourced from Shutterstock JP Morgan sees geopolitics reclaiming the driver’s seat for European oil and gas equities, arguing that a higher risk premium has helped push oil prices up, and dragged energy shares higher year-to-date in the process. The bank's analysts, in a note, said the sector’s recent performance has “re-coupled to rallying oil prices” after a stretch of “positive decoupling” in the second ha ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Eni did not immediately respond to a request for comment. Reporting by Fransisca Nangoy, Ananda Teresia; Editing by David Stanway Our Standards: The Thomson Reuters Trust Principles., opens new tab Purchase Licensing Rights Read Next Eni to reach final investment decision for Indonesia gas projects next month, regulator says February 24, 20268:00 AM UTCUpdated 10 mins ago By Reuters The logo o ...

Core Insights - Technip Energies, in collaboration with JGC and Samsung Heavy Industries, has secured a significant contract from Mozambique Rovuma Venture (MRV) to advance the Coral Norte Floating Liquefied Natural Gas (FLNG) project, marking Mozambique's second floating LNG facility [1][12][14] Group 1: Project Details - The contract builds upon a previously announced agreement for early works, confirming the ongoing progress of Technip Energies' involvement in the Coral Norte FLNG project [2] - Coral Norte is designed as an enhanced replica of the successful Coral Sul project, utilizing the same feed gas composition and field location, which aims to improve project execution efficiency and LNG capacity [3] - The hull launch for the Coral Norte project took place on January 16, 2026, in Geoje, South Korea, indicating rapid advancement through early works and the adoption of a replica concept [2] Group 2: Company Expertise and Partnerships - Loïc Chapuis, President of Project Delivery & Services at Technip Energies, emphasized the project as a testament to the company's engineering and project delivery expertise, highlighting the successful replication of proven solutions [4] - The contract strengthens Technip Energies' long-standing partnership with Eni and its Area 4 partners, reinforcing the company's leadership in delivering innovative LNG solutions [4] Group 3: Company Overview - Technip Energies is recognized as a global technology and engineering powerhouse, with leadership in sectors such as LNG, hydrogen, and sustainable chemistry, contributing to critical markets including energy and decarbonization [5] - The company reported revenues of €6.9 billion in 2024 and operates with over 17,000 employees across 34 countries, committed to sustainability and innovation [6]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported an Adjusted EBITDA of $385 million and free cash flow of $321 million, with a year-on-year increase in Adjusted EBITDA of nearly 20% to $1.37 billion and free cash flow rising to $626 million [4][5] - The company retired approximately $1.3 billion in debt during the year, reducing annual interest expense by nearly $90 million and enhancing financial flexibility [5][6] - Total liquidity at the end of Q4 was approximately $1.5 billion, including $620 million in unrestricted cash and cash equivalents [16] Business Line Data and Key Metrics Changes - The company achieved record uptime performance just shy of 98% across its fleet, with zero operational integrity events and zero lost time incidents [6] - The company executed five major planned out-of-service projects on time and on budget, and recycled six rigs in 2025 [6] Market Data and Key Metrics Changes - The outlook for deepwater offshore drilling is strengthening, with expectations for deepwater utilization to exceed 90% through 2027 [10] - In the US Gulf, long-term demand remains robust, driven by new lease awards and improved fiscal terms [10] - The rig count in Africa is expected to increase from roughly 15 to at least 20 over the next couple of years, with significant multi-year program awards anticipated [11] Company Strategy and Development Direction - The company aims to optimize the value of its differentiated assets and generate industry-leading free cash flow, with a backlog of approximately $6 billion [7][8] - The recent acquisition of Valaris is seen as transformational, expected to create cost synergies exceeding $200 million and enhance shareholder returns [8][9] - The company is focused on establishing a stronger capital structure to weather business cycles and improve operational efficiencies [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming inflection point for offshore drilling, supported by customer conversations and increasing tender activity [33][34] - The company anticipates a pivot back towards traditional hydrocarbon sources among producers, indicating a shift in focus from renewables to offshore drilling [74][75] Other Important Information - The company has identified opportunities for rig movements to capitalize on demand in various regions, including Africa and Asia [42][46] - The guidance for 2026 reflects some idle time on specific rigs, but management expects free cash flow to be in line with or better than 2025 levels [18][67] Q&A Session Summary Question: Impact of Valaris acquisition on chartering strategy - Management indicated that the acquisition allows for cost efficiencies and improved service provision to customers, enhancing project execution reliability [22][24] Question: Confidence in offshore drilling inflection timing - Management cited customer conversations and increasing tender activity as key indicators of confidence in the timing of the market inflection [33][34] Question: Petrobras blend-and-extend negotiations - Management stated that the guidance reflects their best estimates and does not include significant upside from these negotiations [38] Question: Fleet placement and rig movements - Management noted that opportunities are developing in Africa and Asia, and rigs can be moved to meet demand in various regions [42][46] Question: Customer feedback on Valaris acquisition - Management reported overwhelmingly positive feedback from customers regarding the acquisition and its potential benefits [53][55]

Core Viewpoint - Argentina's state-controlled energy company YPF SA is committed to significant investment in the Vaca Muerta shale basin, regardless of potential declines in oil prices, as part of President Javier Milei's strategy to position the country as a global energy leader [1][4]. Group 1: Investment Strategy - YPF has structured its portfolio to maintain capital expenditure despite fluctuations in crude oil prices, with CEO Horacio Marin stating that capital expenditure remains unchanged whether oil is priced at $70 or $55 per barrel [2]. - The company invested $3.5 billion upstream in the year leading up to September and plans to sustain similar investment levels to support production growth in Vaca Muerta [3]. Group 2: Production Goals - YPF aims to increase shale oil production to over 200,000 barrels per day in 2026, up from 170,000 barrels per day in the third quarter of 2025, following aggressive cost reductions and asset sales that generated approximately $1 billion [3]. Group 3: Government Support and Incentives - The Argentine government has expanded its RIGI investment incentive program to include shale oil drilling, providing tax and currency benefits for projects exceeding $600 million, which is expected to enhance development and competitiveness in the sector [4]. Group 4: Partnerships and Future Projects - YPF is advancing a major liquefied natural gas export project in collaboration with Italy's Eni and Abu Dhabi's XRG, targeting an annual shipment of at least 12 million tons of LNG, requiring over $14 billion in financing [5]. - There are informal discussions with U.S. shale producers about potential growth opportunities in Vaca Muerta, indicating interest from companies like Continental Resources [5]. Group 5: Market Performance - YPF shares traded in New York have seen significant increases since the new administration took office, with expectations for further gains as Argentina's shale ambitions progress [6].

Spanish energy company Repsol plans to sharply expand its oil production in Venezuela after receiving authorization from the U.S. Treasury to operate in the country. Chief executive Josu Jon Imaz told investors that the company expects gross oil production in Venezuela to rise by more than 50% over the next 12 months, with ambitions to triple output within three years. Repsol produced 71,300 barrels of oil equivalent per day in Venezuela last year, up from 67,000 barrels the previous year. The permit f ...

YPF Sociedad Anónima (NYSE:YPF) is included among the 12 Best Crude Oil Stocks to Buy as Tensions Rise. YPF Price Target Raised by $3 YPF Sociedad Anónima (NYSE:YPF) is an energy company that engages in upstream and downstream oil and gas activities in Argentina. On February 12, JPMorgan analyst Rodolfo Angele raised the firm’s price target on YPF Sociedad Anónima (NYSE:YPF) from $51 to $54, while maintaining an ‘Overweight’ rating on the shares. The revised target indicates an upside of over 44% from t ...