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Italian energy company Eni announced the start of production at the offshore Junin 5 oil field in Venezuela. Petrojunin, the joint venture between state-owned Petroleos de Venezuela and Eni, said the production milestone came nine months ahead of
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Area 4 is strategically important for the project thanks to the worldwide relevance of the new partner in the upstream and downstream sectors," Eni said in a statement. Eni will retain 50-percent ownership of Area 4, while the rest is already owned
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Chief Minister Terry Mills is in Japan for talks with Inpex executives. The Territory Government had suggested the company may be able to provide some gas from the fields for local consumption. But, in a statement today, Inpex confirmed that all the
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Saipem, the oilfield services company controlled by Italian energy giant Eni has won new offshore contracts in North and West Africa worth some 1.1 billion dollars. In Egypt, Saipem has been awarded by Burullus Gas Company a contract for the
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Wellington-based New Zealand Oil & Gas made an after-tax profit of $7.7 million for the half year to the end of December, up from $1.7m in the corresponding period. The company also announced it would not go ahead with a potential development in
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Italian energy company Eni said Thursday it signed an agreement with Petrovietnam to evaluate the potential for unconventional hydrocarbons in Vietnam. Eni Chief Executive Officer Paolo Scaroni signed an agreement with Do Van Hau, the president of
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A discovery off the coast of Mozambique confirms the area may hold as much as 75 trillion cubic feet of natural gas, Italian energy company Eni said. Eni announced it confirmed the presence of natural gas in the Coral 3 well in the offshore Mamba
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Algeria vowed yesterday to take tough action against any officials at state energy firm Sonatrach found to have accepted bribes from Italian company Eni. Eni's chief executive Paolo Scaroni is already under investigation in Italy over alleged bribes
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French supermajor Total expects to restart operations at the Elgin natural gas field in the North Sea as a soon as possible, the company's top executive said. Total said natural gas was leaking from its Elgin complex off the coast of Scotland last
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Italian oil and gas company Eni says fourth quarter profits were more or less flat as a recovery of production in Libya was offset by higher taxes and lower investment profits...Eni says 2012 was a record year for exploration with discovered
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