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Italy's Eni and Malaysia's Petronas have signed an agreement to explore the development of a high-performance bio-gasoline for motorsport races, the Italian energy group said on Monday.
Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday.
Oil producers Chevron and ENI and investors KEO Capital and Primavera are among the companies set to sign energy agreements in Venezuela as soon as Wednesday, two sources close to the preparations said.
E deepens its Uruguay offshore push with exploration deals for OFF-5 and OFF-6 blocks, while backing a planned 2027 well in OFF-6.
Shares in Italian oil and gas group Eni were down for a fifth consecutive day on Thursday amid speculation that the government could impose a windfall tax on energy companies to help finance fuel-price cuts in response to the U.S.-Iran war.
E plans to invest $8.5B in Egypt, drilling nearly 30 exploration and around 200 development wells while advancing Denise West and Cronos gas projects.
Eni is working with BP and Egyptian Petroleum Corporation (EGPC) to reach a final investment decision in the next few months regarding Egypt's recent-discovered gas field Denise West, the Italian energy group said on Tuesday.
Italian energy group Eni said it aims to help bring a commercial fusion power plant to Europe by the early 2040s or sooner, adding that nuclear fusion could become its “next refinery”, the Financial Times reported on Sunday.