Eni

The energy minister stated that natural gas from a deposit off Cyprus can supply European consumers as early as March 2028. The project involves the Cronos field and partners TotalEnergies and Eni, which will transport gas to Europe by first routing it through Egypt's Zohr natural gas deposit for liquefaction.

Chevron's Venezuelan joint ventures increased oil production to 280,000 barrels per day in the first half of 2026, a 15% rise from the prior six months. US Treasury licenses allowed Chevron and other companies like BP, Eni, Repsol, and Shell to re-engage with Venezuela's oil sector.

Chevron's Venezuelan oil production has increased to 280,000 barrels a day under a US Treasury licensing framework, with Donald Trump's support enabling BP, Eni, Shell, and Repsol to restart operations. The development marks a return of US major oil companies to Venezuela.

Sonatrach and Eni signed a deal on 11 April 2022 to increase gas flows through the TransMed pipeline to 9 billion cubic metres annually by 2023–24. The agreement was witnessed by Algeria’s President Abdelmadjid Tebboune and Italy’s then-Prime Minister Mario Draghi.

Abu Dhabi National Oil Company (ADNOC) will invest $6.2 billion with TotalEnergies, Eni, and China National Petroleum Corp to develop natural gas at the offshore Umm Shaif field. The project aims to produce 600 million cubic feet of gas daily by 2030, supporting UAE domestic demand and LNG exports while reducing reliance on Qatar’s gas imports before the Dolphin pipeline agreement expires in 2032.

Eni’s Descalzi warns the energy crisis may worsen in the short term. Fuel inflation and higher pump prices are intensifying in the US, following similar trends in Asia and Europe, driven by ongoing war-related energy shocks.

Argentina’s state oil company has announced plans to drill off Uruguay’s coast but has not received government approval. The CEO claims the project will surpass Vaca Muerta in size, while the transfer of a block to Eni remains pending, and campaigners are challenging the move in court.

Eni and Mercuria are forming a global energy commodities trading venture. Eni has a significant trading operation focused on its portfolio of gas, liquefied gas, oil, and power producing assets.

ExxonMobil and QatarEnergy plan to start natural gas production by 2033 from two undersea deposits in Cyprus' exclusive economic zone, with gas likely transported via pipeline to Egypt for liquefaction. The deposits, Glaucus and Pegasus, hold an estimated 7 trillion cubic feet of gas, and the companies aim to expand exploration in the region.

Abu Dhabi's ADNOC affiliate XRG has secured a 32% stake in three upstream blocks in Argentina, partnering with Eni and YPF to supply gas for the country's first LNG export terminal. This move aligns with Gulf energy majors expanding international LNG investments amid constrained home market exports.

Italy's Eni and Abu Dhabi's XRG have each secured a 32% stake in three Vaca Muerta gas blocks, supporting Argentina's initiative to boost LNG exports. The agreement involves YPF's Vaca Muerta gas assets.

Sierra Leone granted exploration rights for four offshore oil blocks to Nigeria’s Marginal Energy to boost investor interest in the industry. The move follows agreements with Shell and Eni to explore over 20 oil blocks and aligns with rising investment in sub-Saharan Africa’s upstream oil and gas sector.

Twin earthquakes of magnitude 7.2 and 7.5 struck north-central Venezuela on June 24, the strongest in over a century, causing over 200 deaths and 1,500 injuries. Oil companies Chevron, Eni, Repsol, and Shell reported no damage to their Venezuelan operations, but the disaster is expected to impact the country's budget.

Italy’s highest court acquitted two Milan prosecutors accused of withholding evidence in the prosecution of Eni and Shell over the OPL 245 oil deal in Nigeria, overturning an earlier conviction and ending a years-long legal battle.

Venezuela seeks to revive its oil industry as US licenses allow major firms like Chevron, BP, Eni, Repsol, and Shell to operate again in 2026. However, skilled engineers required to run oil fields have largely left the country, prompting companies such as Halliburton and Chevron to actively recruit them.

The US eased sanctions on Venezuela, allowing Western oil majors like Chevron, Shell, BP, Eni, Repsol, and Maurel & Prom to resume operations. Shell is advancing offshore gas projects, and service firms are returning as royalties and taxes must now flow.

Italian Prime Minister Giorgia Meloni has demanded the CEO of energy infrastructure company Terna to choose between a €7.3 million payout or a position at state-owned energy giant Eni. The move highlights political pressure on corporate leadership in Italy.

Eni and Repsol have reached a deal to begin exporting Venezuelan gas by 2031. The agreement involves collaboration between the two energy companies to develop gas projects in Venezuela.

Italian Prime Minister Giorgia Meloni has removed the CEO of Leonardo, a defense and aerospace company, while reappointing senior executives at energy firms Eni and Enel. The decision reflects her administration's focus on strategic industrial leadership.