Eni News

Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.On Wednesday…

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for an exploration well in…

Eni, Fincantieri and RINA signed an agreement to develop joint initiatives for the energy transition. The partnership formalizes the commitment to develop joint projects, in line with the partners' strategies, to decarbonize the maritime sector in the medium to long term with the goal of Net Zero by 2050. Additionally, the establishment of a permanent global observatory regarding future technological, regulatory, and market developments will be evaluated.The three companies will…

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…

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

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…

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…

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…

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).

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.

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…

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

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…

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…

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

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…

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.

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.

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…

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.

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.

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…

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…