Eni Spa Stock News

Eni and BP are near a deal to raise around $2.5 billion in financing to merge their oil and gas operations in Angola and close to a separate agreement for Eni to buy stakes in Algerian gas plants, three sources told Reuters.

With economies reopening and people socializing & going to work, the outlook for the Zacks Oil & Gas Integrated International industry is brightening up. ExxonMobil (XOM), Chevron (CVX), BP (BP) and E

Company says it will fully respect rules imposed by Italy, EU

Italian energy major Eni has suspended all new purchases of oil and oil products from Russia, according to a statement sent March 10 to S&P Global Commodity Insights. "Eni has suspended the stipulation of new contracts related to the procurement of oil and oil products from Russia," said the emailed statement. "In any case, Eni will fully honor every decision…

Italian oil group Eni suspends purchase of crude oil from Russia

MILAN (Reuters) – Italian energy group Eni said on Wednesday it had suspended the stipulation of new contracts to buy oil and oil products from Russia.

MILAN (Reuters) -Italian energy group Eni, which buys Russian gas under long-term take-or-pay contracts, is closely monitoring international developments in the Ukraine crisis.

MILAN (Reuters) – Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) to invest in energy transition, the Italian oil company said on Wednesday.

MILAN (Reuters) – Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) to invest in energy transition, the Italian oil company said on Wednesday. As part of the initial public offering (IPO), Eni has committed to … Read More

There seems to be more runway for big oils and the geopolitical disruption scenarios seem underpriced, according to BofA Securities. The European Oil & Gas Outlook: Analyst Christopher Kuplent named

ENI S.p.A. with ticker code (E) now have 2 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 34 and 33.18 calculating the average target price we see 33.59. Given that the stocks previous close was at 28.72 this now indicates there is a potential upside of 17.0%. The 50 day moving average now sits at 29.76 while the 200 day moving average is 26.84. The company has a market cap of $51,557m. Company Website: https://www.eni.com [stock_market_widget type="chart" template="basic" color="green" assets=E" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $60,299m based on the market concensus. Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments.

In response to Russia's invasion of Ukraine, Eni (E) will divest its 50% stake in the Blue Stream subsea gas pipeline, which carries gas from Russia to Turkey through the Black Sea.

The Nigerian National Petroleum Company (NNPC) and its partners, Shell Petroleum Development Company (SPDC), ENI, Gas Aggregation Company of Nigeria (GACN), Nigeria Agip Oil Company, and TotalEnergies have signed an agreement to supply gas to Dangote Industries Limited. The agreement was Gas Supply and Aggregation Agreement (GSAA), and it was sealed in Abuja on the sidelines of the ongoing fifth Nigeria International Energy Summit (NIES 2022). Speaking at the agreement-signing ceremony, Group Managing Director, NNPC, Mele Kyari said the pact would see the oil and gas companies supplying gas to the fertiliser plants of Dangote Industries. Continue reading NNPC, Shell, Dangote Ink Gas Supply Deal, Here’s Why at BizWatchNigeria.Ng.

The Nigerian National Petroleum Company (NNPC) Limited and its partners have reached an agreement with Dangote Fertilizer Company for the supply of 70 million standard cubic feet (scuf) of gas in a multi-million dollar deal NNPC partners on the deal include Shell Petroleum Development Company (SPDC), ENI, Gas Aggregation Company of Nigeria (GACN), Nigeria Agip Oil Company and TotalEnergies. Speaking at the signing ceremony event, Kyari said that the contract was perfected within a short period based on its importance to the production of fertilizers and agro-economic growth of Nigeria. READ ALSO : NNPC opens up on why licensed modular refineries are not producing petrol He also noted that the deal would increase gas supply in the domestic market. He added, “But more importantly, it is a platform that will increase local production of fertilizer in our country. “As you may be aware, it is government’s drive to ensure that we become self-sufficient in the production of fertiliser in the country, and specifically for this year’s zero import of fertilisation in the country” “Currently, Dangote group provides about 65 per cent of all domestic production of fertiliser.

By Adedapo Adesanya The Joint Venture (JV) consisting of the Nigerian National Petroleum Company (NNPC) Limited, Shell, TotalEnergies and ENI has signed a multi-million dollars deal to supply 70 million standard cubic feet (scf) of gas to Dangote Fertilizer Company. The signing which took place at the ongoing Nigeria International Energy Summit (NIES) was attended […]