ENI

Montenegro plans to sign a contract with Novatek and Eni on four oil and gas blocks

On September 14, Montenegro plans to sign a contract with Novatek and Italian Eni for exploration of oil and gas at four offshore blocks of Montenegro, the Bloomberg reports, citing the country&rsq

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The largest oil and gas companies of the world lose profit. Russian market participants are more stable in the light of low price of crude oil

After two years of the reduction of costs, canceled projects and tens of thousands of job layoffs haven’t helped the largest Western oil and gas companies to cope with the low price of oil.

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In H1 pumping of Azerbaijani oil via BTC increases by 3%.

In H1 2016 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) amounted to 14 million 930.79 thousand tons, which is 2.6% higher than within the same period last year, SOCAR (the State Oil Company of Azerbaijan) informed the agency"Interfax-Azerbaijan".
"In general, since the moment the pipeline entered into operation (on June 4, 2006 - IF) till July 1 of this year the volume of pumping was 307 million 606.179 thousand tons of oil, including in June - 2 million 489.988 thousand tons", - according to SOCAR.

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Gazprom and Eni are to sign a number of interesting agreements on the organization of the southern route of gas supplies to Europe.

A.Miller and the head of Eni K. Descalzi discussed the prospects for the creation of a southern route for transporting gas to Europe, including Italy.
Meeting of heads of 2 companies was held within SPIEF-2016 in St. Petersburg on June 16, 2016.

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Sauat Mynbayev: Kazakhstan not to qualify for the BG stake in Karachaganak.

Kazakhstan would not qualify for a share of BG Group in a "Karachaganak Petroleum Operating" (KPO) consortium, the head of the national company "KazMunayGas" Sauat Mynbayev stated.
The merger of the Anglo-Dutch oil and gas giant Royal Dutch Shell and BG Group of the British oil company was completed in February this year.

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Eni and Statoil start the development of Goliaf on the Barents Sea

Oil production started at Goliaf oil field in the Arctic region.
Oil production started on March 13, 2016 at the offshore oil platform Goliaf. It was delivered after some additional agreements and delay.
Oil production at Goliaf is a joint project of Eni (65%) and Statoil (35%). The resource base of the project makes up 174 million barrels.

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Eni is not about to take part in “Nord Stream-2”

Chief executive of Italian Eni C.Descalzi plans neither to take part in “Nord Stream-2” nor sell a share in its subsidiary Saipem. He stated about it due to rumors in mass-media.

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SOCAR reduces oil transportation via Baku-Tbilisi-Ceyhan pipeline by 16%.

In January-October 2015 the State Oil Company of Azerbaijan (SOCAR) will pump 14 million 549.129 thousand tons of Azerbaijani oil via Baku-Tbilisi-Ceyhan (BTC), a message posted on the official website of SOCAR informs. In comparison with the same period of 2014 the export of oil via BTC dropped by 2 million 727.342 thousand tons, or by 15.8%.

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Leading world companies are interested in the development of Turkmenistan's Caspian shelf.

The world's leading companies have expressed desire to participate in projects of development of the Turkmenistan's Caspian shelf. Issues of cooperation were discussed in the framework of the "Oil and gas of Turkmenistan - investment opportunities" forum recently held in London (UK), which was attended by representatives of 78 companies.
"Potential partners have been provided geological and geophysical data on the abovementioned licensed units, as well as economic and legal conditions of their development, provided by the legislation of Turkmenistan".

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Eni warns investors about sanction risks

Italian oil and gas giant Eni SpA for the first time has expressed concerns because of sanctions, imposed by the EU against Russia - the company has extended its list of risks in several points. As Eni indicates in its annual report for 2014, the company will incur substantial losses if the EU impose sanctions on the purchase of Russian gas by the EU member states. The Council of the EU has no plans to impose sanctions on Russian fuel, the Izvestiya’s sources in the European Parliament say.
 
"Further sanctions that may be imposed on Russia, citizens or companies by the world community, for example, prescribing restrictions on purchase of gas by European companies or restricting business ties with counterparties, could adversely affect the business of Eni, results of its operations and cash flow, - the company writes. - In addition, the escalation of the crisis and the imposed sanctions may cause significant widespread disruptions in energy supply and trade, which could have a negative effect on the business of the corporation, its financial performance, its operating results and future projects".
 
At the same time the Russian Ministry of Energy recognizes the fact that objectively constraints in the procurement of Russian gas are possible in the near future.
 

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