Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P, Statoil’s press office said on May 12.
Eni has made a new offshore oil and gas discovery in the Norwegian Barents Sea, approximately 230 km from Hammerfest.
Italian oil major Eni is not counting on any production from Kazakhstan's huge Kashagan oilfield this year or possibly next due to faulty welding at the $50 billion project, its CEO designate said, Reuters reported on April 29.
Croatia published an international tender for oil and gas exploration blocks in the Adriatic on Wednesday, hoping to attract major oil firms and start production in five years despite protests from local environmental groups, Reuters reported on April 2.
The Korean Hyundai yard is postponing the delivery of the Goliat platform, the first oil production unit made for Norwegian Arctic waters, Barents Observer reported on March 25. Meanwhile, production in the Norwegian Sea continues to decline.
Libyan oil production plunged on March 24 after rebels shut down the major Elephant oil field in southern Libya in protest against the General National Congress (GNC) whose mandate expired on 7 February, Tripoli Post reported on March 24.
The future of the South Stream pipeline project to carry Russian gas to Europe has been put in question by the escalating dispute over Ukraine, the chief executive of Italian oil major Eni said on March 20, Reuters has reported.
Russian gas giant Gazprom is negotiating discounts with European clients in exchange for support ahead of pending E.U.
Italy's Eni and Spain's Repsol will start early production of their offshore natural gas project in the Gulf of Venezuela with state-run Venezuelan oil group PDVSA at the end of this year, Eni's CEO said on March 4, Reuters has said.
Italian energy company Eni said on February 13 it made a "significant" discovery of oil and natural gas while drilling off the coast of Congo.