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Eni News

10 Mar 2024

Norway Offers $193 Million Funding to Arctic Floating Wind Farm Project

© Marc Dyck / Adobe Stock

A floating offshore wind farm planned in Arctic waters on Friday received 2 billion Norwegian crowns ($193 million) in state funding, with Norway viewing the still costly technology as a key contributor for industry development and emission cuts.The GoliatVind project in the Barents Sea, consisting of five 15 megawatts turbines and seeking to supply power to the Arctic town of Hammerfest, beat out six other applicants in a tender by government agency Enova.Norway hopes that floating offshore wind will provide an industrial future for its offshore supply industry as well as a means of cutting e

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

27 Feb 2024

Congo’s First LNG Cargo to Set Sail in Coming Days

(Credit: Eni)

The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance.The Congo LNG project, sanctioned in December 2022, came on stream after just one year, in line with the initial timeline.Eni started the introduction…

12 Feb 2024

Altera Hires DOF to Install Voyageur Spirit FPSO Offshore Ivory Coast

Voyageur Spirit FPSO (Credit: Kishorn Port & Drydock)

Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with their associated equipment.The contract for the redeployment of the FPSO and the FSO was secured by Altera back in October 2023.Voyageur Spirit is a cylindrical-shaped FPSO…

17 Dec 2023

Esgian: Rigs on the Move in Asia and Europe

Source: OMV

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has secured a contract award for the 400ft Shelf Drilling Perseverance jackup rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

12 Dec 2023

Yemen's Houthis Claim Missile Attack on Norwegian Tanker

Houthi military spokesperson Yehia Sarea

Yemen's Houthis said on Tuesday they hit a Norwegian commercial tanker with a missile in their latest protest against Israel's bombardment of Gaza, underlining the risks of a conflict that has shaken the Middle East.The Iran-aligned group attacked the tanker, the Strinda, because it was delivering crude oil to an Israeli terminal and after its crew ignored all warnings, Houthi military spokesperson Yehia Sarea said in a statement.But the tanker's owner, Norway's Mowinckel Chemical Tankers, said the vessel was headed to Italy with a cargo of biofuel feedstock, not crude oil.

28 Nov 2023

Black Sea Storm Disrupts Russian and Kazakh Oil Exports

© Vladimir / Adobe Stock

A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.Oil loadings from Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal in nearby Yuzhnaya Ozereyevka have been suspended since last week.Kazakhstan's largest oilfields - Tengiz, Kashagan and Karachaganak - are cutting combined daily oil output by 56% from November 27 as the storm disrupts loadings at CPC…

24 Nov 2023

Eni to Invest $10 Billion in Ivory Coast Baleine Field

Source: Eni

Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.The Baleine field, where certified reserves are estimated at 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas, was discovered in 2021 by the Italian energy group off the east coast of the West African country.The field's crude oil production should reach 200,000 barrels per day by 2027, compared with 30,000 barrels per day in 2023, the energy minister said."With a tota

16 Nov 2023

Venezuela's PDVSA Offers Corocoro Crude Cargo through Intermediary

Credit: JosIsaac/AdobeStock

Venezuela's state-run oil company PDVSA is offering to sell up to 1 million barrels of Corocoro crude through an intermediary, sources said on Wednesday, which could become the first sale of that grade in two years.Since Washington temporarily eased oil sanctions on the country last month, PDVSA has been allocating spot cargoes of crude and fuel oil through little known firms that contract with trading companies, which ultimately deliver to refiners. PDVSA and Italy's Eni ENI.MI…

14 Nov 2023

Egypt Expected to Resume LNG Exports in December or January

© Anatoly Kolodey / Adobe Stock

Egypt is expected to resume exports of liquefied natural gas (LNG) in December or January as domestic demand declines during winter and as it receives more gas from Israel, an executive at Italy's ENI said on Tuesday."Consumption in Egypt is reducing and we would expect by December, possibly January, (LNG) exports could resume," Cristian Signoretto, director for ENI's global gas and LNG portfolio, told reporters on the sidelines of an industry conference in London.Egypt shipped…

23 Oct 2023

Tango FLNG and Excalibur FSU Set to Begin Journey from Dubai to Eni's Congo LNG Project

Credit: Exmar

The sailaway ceremony for the Tango floating liquefied natural gas (FLNG) unit and Excalibur floating storage unit (FSU) was held Saturday to mark the vessels' sail away from Dubai to Congo, where they will serve Eni's Congo LNG project, whose first phase will start in December 2023.Tango FLNG, which has a liquefaction capacity of approximately 1 billion cubic meters per annum of gas (BCMA), will be moored 3 kilometers offshore along with the Excalibur FSU upon their arrival to Congo.EXMAR is serving as the engineering, procurement and conversion (EPC) contractor for this project, and has desi

11 Oct 2023

Dogger Bank Produces First Power

Dogger Bank Wind Farm (Source: Equinor)

The first phase of the Dogger Bank Wind Farm has started exporting electricity to British consumers.The 3.6GW Dogger Bank Wind Farm is being constructed in UK waters 70 nautical miles (130 kilometers, 80 miles) off the coast of Yorkshire in the UK’s North Sea in three 1.2GW phases known as Dogger Bank A, B and C.Dogger Bank will occupy an area almost as large as Greater London and nearly twice the size of New York City. When fully complete, its 3.6GW capacity will comprise 277…

05 Oct 2023

Milan Prosecutors Push for Fraud Trial Over Failed 2019 Eni Tanker Deal

Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows.Sources previously told Reuters that the 2019 "White Moon" shipment of crude oil, purportedly from Iraq, created panic within Eni over fears it could be, at least partially, Iranian. Eni rejected the cargo, which it has said it bought from Nigerian firm Oando, who in turn bought the oil from the London branch of Italian fuel trading company Napag.Handling Iranian oil would have breached sanctions the United States reimposed in 2018 after quitting a nuclear deal between Iran and world powers.

11 Oct 2023

Eni to Deploy Cylindrical FPSO, Converted FSO at Giant Offshore Oil Field in Ivory Coast

Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.The vessels are set for deployment on the Baleine field with a 15-year firm contract. The development of the project will be on a fast-track schedule, with a planned start-up date for Phase 2 in the fourth quarter of 2024. The vessels, Voyageur Spirit and Nordic Brasilia, are currently undergoing life extension work and field-specific modifications at Drydocks World in Dubai. Voyageur Spirit is a cylindrical-shaped FPSO, that previously operated on the Huntington field in the North Sea until 2020.

01 Aug 2023

Two Week Contract Extension for FPSO in Nigeria

Credit: BW Offshore

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO, which is operating at the Abo field offshore Nigeria, and is seen as non-core to its FPSO fleet. This extension is the latest in a series of short-term extensions announced for the Abo FPSO recently.The ABO FPSO started producing in April 2003.

19 Jul 2023

Tuscan FSRU to be Moved Offshore by 2026

A liquefied natural gas (LNG) vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said on Tuesday.Italian gas grid operator Snam bought the floating storage and regasification unit (FSRU) last year as part of the Italian government's plan to reduce dependence on Russian gas, but the infrastructure was opposed by the local administration in Piombino.The decision on the proposed site was made after Liguria President Giovanni Toti met Snam's chief executive, a spokesperson for the Liguria president said. The decision on the…

07 Jul 2023

Engie, Svanehøj Team Up to Make LNG Storage on FSRUs Safer

Credit: Svanehøj

Svanehøj and energy researchers at Engie Lab Crigen have joined forces to develop more effective safety measures regarding LNG storage on FSRU.According to Svanehøj , stratifications and roll-overs pose significant safety risks when natural gas is liquified and stored in a cryogenic state. "Recognizing the crucial importance of roll-over prediction software for LNG storage on FSRUs, Svanehøj and Engie Lab Crigen have joined hands to address this critical concern. Limited knowledge…

21 Jun 2023

The Evolving FPSO Landscape – Healthy Demand, Changing Procurement

 Credit: Igor Kardasov/AdobeStock

After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO demand is competing for yard space with other construction projects.To mitigate delay risk and cost overruns, some E&Ps have reviewed their FPSO procurement strategies.

29 May 2023

RINA and Eni Set Sail on a Journey to Decarbonize Maritime Operations

Ugo Salerno, Chairman and CEO of RINA (left) and Giuseppe Ricci, Chief Operating Officer for Energy Evolution at Eni (right) Credit: Eni

RINA, an international company specializing in inspection, certification, and engineering consultancy, and Italian energy company Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonization of their respective operations and particularly maritime transport.The agreement focuses on the use of HVO (Hydrogenated Vegetable Oil) biofuel produced by Eni in its Venice and Gela bio-refineries, as well as of other energy carriers such as “blue” or “green” hydrogen and ammonia from biogenic…

30 Mar 2023

Valero Seeks US Approval to Import Venezuelan Oil

© Tada Images / Adobe Stock

Valero Energy Corp, the second-largest U.S. oil refiner, is seeking Washington's permission to import Venezuelan crude, according to four people close to the matter, hoping for a repeat of the approval granted to Chevron Corp in November after a four-year ban.President Joe Biden's administration has eased some U.S. sanctions on the OPEC-member nation in an effort to encourage a political dialogue with the country's opposition. That has led to further pressure from U.S., European and Asian energy firms…

20 Mar 2023

Lukoil-backed Congo Project to Start Producing LNG in December

Tango FLNG - Credit: Exmar

A senior executive at Russia's Lukoil energy company said a project in the Congo in which it is involved would begin producing liquefied natural gas (LNG) in December, Russian news agencies reported. Lukoil Vice President Ivan Romanovsky said the initiative would produce around 600,000 tonnes of LNG per year, and that Lukoil plans to boost total LNG output at the Marine XII oil and gas project in the Congo to 3 million tonnes by the end of 2025.Lukoil acquired a 25% stake in Marine XII in 2019.

08 Mar 2023

US Plans No Wider Easing of Sanctions on Venezuela, Official Says

©Lukasz Z/AdobeStock

The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume taking oil for past debts, a State Department official said.In November, Washington issued a six-month license allowing Chevron Corp. to expand operations and export Venezuelan oil to the United States. Eni and Repsol also began taking Venezuelan crude for debt with U.S. approvals, This year, Trinidad and Tobago received a U.S. nod to jointly development an offshore natural gas field with Venezuela. Those moves by U.S.

28 Feb 2023

Yinson Bags $5.3B Deal for its First FPSO Project in Angola

Illustration only - ©Ranimiro/AdobeStock

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the  Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.3 billion in total and has a firm period of 15 years from the date of the final FPSO's acceptance. Azule Energy will have the option to extend for another five years. The FPSO Agogo is expected to start operations in the fourth quarter of 2025.

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