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Eni


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MS forecasts softer European oil & gas markets, favours Eni over peers

BUZZ-MS forecasts softer European oil & gas markets, favours Eni over peers ** Morgan Stanley forecasts a softer outlook for the European energy sector, favouring Eni ENI.MI , while expressing concern for Equinor EQNR.OL and Galp Energia GALP.LS , both downgraded to 'underweight' ** The broker sees downside risks due to weakening oil and gas market
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Bank of Georgia, Tracsis, Victrex

EUROPE RESEARCH ROUNDUP- Bank of Georgia, Tracsis, Victrex Aug 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bank of Georgia, Tracsis and Victrex, on Thursday. HIGHLIGHTS * Bank of Georgia BGEO.L : Peel Hunt raises target price to 6,200p from 6,000p * Close Brothers Group Plc CBRO.L : RBC raises to outperform from sector perform * Rathbones Group RAT.L : RBC raises target price to 1,950p from 1,850p * Tracsis Plc TRCS.L : Bere
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Europe Distillates-Diesel fall further on high supply

Europe Distillates-Diesel fall further on high supply LONDON, Aug 28 (Reuters) - Northwest European diesel barge refining cracks dropped over 9% to $13.46 a barrel on Wednesday, extending losses from the previous session and remaining at their lowest since May 2023, as ample supplies in the region and rising U.S. inventories weighed. Four barges of 10ppm diesel traded in the Platts window, down from 10 on Tuesday.
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Qatar in talks on possible purchase of Rosneft stake in German refinery, report says

UPDATE 2-Qatar in talks on possible purchase of Rosneft stake in German refinery, report says Adds German government response in paragraphs 2-3 BERLIN, Aug 28 (Reuters) - Qatar is in talks with the German government over possibly buying Russian energy group Rosneft's ROSN.MM stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's invasion of Ukraine, the Business Insider news website reported on Wednesday.
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Eni's Geng North gas project to start in 2027, Indonesian regulator says

Eni's Geng North gas project to start in 2027, Indonesian regulator says By Fransiska Nangoy and Bernadette Christina JAKARTA, Aug 28 (Reuters) - Indonesia expects Eni's nearly $12 billion Geng North gas project to start production in late 2027, among the fastest developments the country has ever seen, the head of its upstream oil and gas regulator told Reuters on Wednesday.
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Libyan oilfield closures spread amid standoff between rival governments

UPDATE 4-Libyan oilfield closures spread amid standoff between rival governments Adds eastern-based parliament speaker comment in paragraphs 10-11 By Ayman Werfali BENGHAZI, Aug 27 (Reuters) - Several oilfields across Libya have halted output as closures spread, engineers said on Tuesday, amid a dispute over control of the central bank and oil revenue.
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Libyan oilfield closures spread amid standoff between rival governments

CORRECTED-UPDATE 3-Libyan oilfield closures spread amid standoff between rival governments Corrects from west to east in last paragraph By Ayman Werfali BENGHAZI, Aug 27 (Reuters) - Several oilfields across Libya have halted output as closures spread, engineers said on Tuesday, amid a dispute over control of the central bank and the country's oil revenue.
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China CNPC's global oil, gas investment

CORRECTED-FACTBOX-China CNPC's global oil, gas investment Corrects AUG 27 story to remove erroneous "Chevron-led" in paragraph 9 By Chen Aizhu SINGAPORE, Aug 27 (Reuters) - China National Petroleum Corp (CNPC), Asia's largest oil and gas producer, has over the past three decades built a global portfolio with assets in 33 countries. The company's overseas production exceeded 100 million metric tons, or 2 million barrels per day of oil equivalent, for the first time in 2019 and has since maintaine
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Eni Receives Approval Of Two Development Plans, Licences Extension In Indonesia

BRIEF-Eni Receives Approval Of Two Development Plans, Licences Extension In Indonesia Aug 23 (Reuters) - Eni SpA ENI.MI : ANNOUNCES APPROVAL OF TWO PLANS OF DEVELOPMENT AND LICENCES EXTENSION GRANTED BY INDONESIAN AUTHORITIES TO ESTABLISH A SIGNIFICANT GAS AND CONDENSATES PRODUCTION OF APPROXIMATELY 2 BCF/D OF GAS AND 80,000 BOPD OF CONDENSATES IN
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Indonesia approves development plan for Eni's Geng North gas project

UPDATE 2-Indonesia approves development plan for Eni's Geng North gas project Indonesia approved development plan for Geng North, Gehem Regulator also approves plans for Gendalo and Gandang fields Indonesia Deepwater Development contracts extended by 20 years Adds detail throughout from Eni statement By Fransiska Nangoy and Bernadette Christina JAKARTA, Aug 23 (Reuters) - Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni ENI.MI in t
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Indonesia approves plan of development for first phase of Eni's Geng North gas project

Indonesia approves plan of development for first phase of Eni's Geng North gas project JAKARTA, Aug 23 (Reuters) - Indonesia has approved the plan of development (POD) for the first phase of Geng North gas project in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday. The project, operated by Italian firm Eni, is expected to bring in a total of $17.49 billion in investment and operational spending, SKK Migas said.
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Italy - Factors to watch on August 23

Italy - Factors to watch on August 23 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Foreign minister Antonio Tajani said on Thursday that he wanted more African students to come to Italy, in remarks that may exacerbate a coalition squabble over immigration and citizenship rights.
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Eni Completes Sale Of Nigerian Unit NAOC To OANDO

BRIEF-Eni Completes Sale Of Nigerian Unit NAOC To OANDO Aug 22 (Reuters) - Eni SpA ENI.MI : COMPLETES SALE OF NAOC TO OANDO THE 5% PARTICIPATING INTEREST IN SPDC IS NOT INCLUDED IN THE TRANSACTION Further company coverage: ENI.MI (Gdansk Newsroom)
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Ithaca Energy profit falls on lower production and natgas prices

UPDATE 3-Ithaca Energy profit falls on lower production and natgas prices Updates shares, adds details from conference call, analyst comment, in paragraphs 2, 4-6 By Arunima Kumar Aug 22 (Reuters) - North Sea oil and gas company Ithaca Energy ITH.L reported a nearly 34% fall in net profit for the first half of the year on Thursday, hurt by lower production, a decline in natural gas prices and impairment charges.
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Eni's Vaar again postpones first oil from Norway's Balder X

UPDATE 1-Eni's Vaar again postpones first oil from Norway's Balder X Adds analysts in paragraphs 5-6, share price in 10th paragraph OSLO, Aug 21 (Reuters) - Norway's Vaar Energi VAR.OL has again postponed the start of its North Sea Balder X oil and gas project, pushing back production to the second quarter of 2025 from the end of this year, the company said on Wednesday.
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Eni's Vaar Energi again postpones first oil from Norway's Balder X

Eni's Vaar Energi again postpones first oil from Norway's Balder X OSLO, Aug 21 (Reuters) - Norway's Vaar Energi VAR.OL has again postponed the startup of its North Sea Balder X oil and gas project, planning to begin output in the second quarter of 2025 rather than by the end of this year, the company said on Wednesday. Plagued by cost overruns and delays, Balder X had originally been set to start production in 2023 but this was later postponed to the third quarter of 2024 and subsequently to th
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Italy - Factors to watch on August 21

Italy - Factors to watch on August 21 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . COMPANIES STELLANTIS STLAM.MI (*) CEO Carlos Tavares will visit Detroit this week, where he will seek to develop a strategy to fix the European automaker's struggling North American operations and reassure emplo
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Caspian Pipeline Consortium Jan-July oil exports up 3%, sources say

Caspian Pipeline Consortium Jan-July oil exports up 3%, sources say MOSCOW, Aug 19 (Reuters) - Caspian Pipeline Consortium, which exports crude oil from Kazakhstan via a Russian Black Sea terminal, increased oil exports by around 3% year on year in January - July to 1.43 million barrels per day, two industry sources said on Monday. That is equivalent to 38.82 million tons for the period, according to the sources, with July exports rising to 5.61 million tons from 5.55 million tons in June.
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Eni Starts Gas Production From The Argo Cassiopea Field In The Strait Of Sicily

BRIEF-Eni Starts Gas Production From The Argo Cassiopea Field In The Strait Of Sicily Aug 19 (Reuters) - Eni SpA ENI.MI : STARTS GAS PRODUCTION FROM THE ARGO CASSIOPEA FIELD IN THE STRAIT OF SICILY Further company coverage: ENI.MI (Gdansk Newsroom)
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Eni's Plenitude signs power purchase agreement with Italian steel maker

Eni's Plenitude signs power purchase agreement with Italian steel maker MILAN, Aug 2 (Reuters) - Plenitude, the renewables and retail unit of Italian energy group Eni ENI.MI said on Friday it signed a 10-year power purchase agreement with steel company Ferriera Valsabbia for the supply of energy entirely produced from renewable sources. WHY IT'S IMPORTANT Power purchase agreements are a way for energy producers to secure long-term contracts for their green projects, giving them visibility on the
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