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FTSEMIB:ENI, Feb 21, 09:49 UTC

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Monday, February 17


News

Exclusive: Italian government leaning towards third term for Eni CEO - sources

ENI

ROME/MILAN (Reuters) - The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. The largest member of the ruling coalition, the anti-establishment 5-Star Movement, has been highly critical of the veteran oilman in the past, not least because he is being tried in Italy for alleged corruption over a 2011 oil deal in Nigeria. Descalzi denies any wrongdoing. However, Rome is keen for an experienced leader with a track record of dealing with geopolitically sensitive areas such as Africa and the Middle East to oversee interests there, and to help Eni (ENI.MI) shift toward cleaner sources of energy without inflicting too much damage on profitability. Eni, a rich source of dividends for stretched state coffers, has traditionally been seen as a key piece of Italy's energy policy and also important for foreign policy because of its extensive overseas presence.

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Friday, February 07


News

KNOT Awarded Long-Term Charters With ENI For Two New Shuttle Tankers With LNG Propulsion System

ENI

Knutsen NYK Offshore Tankers ("KNOT") market leading independent owner and operator of shuttle tankers announced today that it has been awarded a contract to build two LNG fueled Shuttle Tanker. The two new 124,000 DWT LNG fueled shuttle tankers will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd shipyard in Korea with delivery mid-2022 and the vessels will operate in North Sea under time-charter contract for a maximum 10 years period. These vessels will be able to reduce emissions of CO2 equivalents significantly compared to conventional oil-fueled shuttle tankers, through using LNG as the primary fuel and further utilized the energy recovered from volatile organic compounds. The two ENI vessels referred in the KNOT press release dated February 7, 2020 have the benefit of firm charter periods of 7 and 5 years respectively from delivery, both then having further charterers options up to a maximum of 10 years each in total.

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News

Eni signs MoU to strengthen collaboration in Bahrain’s energy sector

ENI

Mohamed bin Khalifa bin Ahmed Al Khalifa, Minister for Bahrain’s oil and Chariman of Tatweer Petroleum, and Eni’s CEO, Claudia Descalzi, have recently signed an MoU. In accordance with Bahrain’s national energy plan, renewable energy will be an area of particular interest in order to consider potential business opportunities. Eni’s CEO Claudio Descalzi commented: “This MoU clearly demonstrates Eni’s commitment to expanding its presence in Bahrain while pursuing Eni’s overall decarbonisation strategy, and forms part of the company’s transition towards green energy and the circular economy that has been underway since 2014. Eni aims to support the increase of low carbon energy sources in the countries where it operates. In order to ensure long-term sustainability, Eni promotes the development of renewable energy, and conducts scientific and technological research.”.

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Thursday, February 06


News

Eni partners with Tatweer Petroleum for Bahrain’s energy sector

ENI

Eni partners with Tatweer Petroleum for Bahrain’s energy sector Details Created: Thursday, 06 February 2020 08:38. Shaikh Mohamed bin Khalifa bin Ahmed Al Khalifa, minister for oil of Bahrain and chairman of Tatweer Petroleum, said, “This MoU will allow for further discussion on collaboration between Tatweer Petroleum and Eni, including the sharing of experience, expertise and support on renewable energy, LNG supply and exploration activities.”. Eni’s CEO Claudio Descalzi commented that this MoU demonstrates Eni’s commitment to expanding its presence in Bahrain while pursuing Eni’s overall decarbonisation strategy. In addition, this forms part of the company’s transition towards green energy and the circular economy that has been underway since 2014.

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Wednesday, February 05


News

Italian court throws out witness request in Eni Nigeria graft case

ENI TRI

Italian court throws out witness request in Eni Nigeria graft case | NASDAQ. MILAN, Feb 5 (Reuters) - A Milan court has rejected a prosecution request to hear testimony from a former legal adviser of Eni who has accused the company of spying on judges, offering a boost to the Italian oil firm as it fights bribery allegations over a Nigerian oil field. In one of the oil industry's biggest ever scandals, Italian prosecutors allege Eni ENI.MI and Shell RDSa.L bought a Nigeria oilfield in 2011 knowing most of the $1.3 billion purchase price would go to agents and middlemen in bribes. In a separate investigation, prosecutors allege Eni officials sought to obstruct justice by discrediting key prosecution witnesses in the main trial. In that case, Piero Amara, a former legal adviser to Eni, alleged company officials ordered information to be gathered on prosecutors, board members and journalists to undermine them and distract attention away from the main case.

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News

Eni gas e luce Selects Medallia to Power Its Customer First CX Program

ENI MED

"We want to hear our customers voice in real time to optimize service delivery and business operations," said Pasquale Cuzzola, head of customer operations for Eni gas e luce. Powered by Medallia, the program, launched by Pasquale Cuzzola and governed by Massimiliano Montana Lampo, head of customer experience and process improvement, also has the challenging objective of supporting cultural transformation by pushing every employee of the company, from agents to the top management, to listen and understand the customer's voice and act personally, through the "close the loop" methodology, to engage customer and improve the experience delivered. Using Medallia Experience Cloud, customers can reduce churn, turn detractors into promoters and buyers, and create in-the-moment cross-sell and up-sell opportunities, providing clear and potent returns on investment. Eni gas e luce offers its customers today as a partner able to support them in choosing the solutions of innovative products and services that best suit their needs, with the aim of allowing people and businesses to better use energy, to use less.

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Wednesday, January 29


News

Indonesia's Pertamina ends deal with Italy's Eni for palm oil fuel project -Pertamina CEO

ENI

JAKARTA Jan 29 (Reuters) - Indonesia state energy company PT Pertamina has ended a partnership with Italian oil, gas and power firm Eni SpA to process palm oil into fuel, Pertamina's chief executive told a parliamentary committee on Wednesday. Pertamina's Nicke Widyawati said during the hearing that Eni required internationally recognised certification for palm oil, in line with European Union moves to curb the use of palm oil as a transport fuel, even though the oil would have been processed in facilities located in Indonesia. Pertamina and Eni signed a head joint venture agreement last year to build a refinery in Indonesia that would produce fuel completely derived from crude palm oil. "We have decided to terminate this partnership and replace it with partnership with UOP from the United States for support in technology," Widyawati said, referring to an oil and gas engineering arm of U.S. conglomerate Honeywell International Inc .

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Tuesday, January 28


News

Eni (E) Discovers First Gas Field In Sharjah in 37 Years

ENI

The new natural gas and condensate field called Mahani, located in the Area B Concession, marks the first onshore discovery of gas in the Emirate in more than three decades. Mahani-1 exploration well was drilled to a total measured depth of 14,597 feet that led to the discovery of gas with the associated capacitors within the Thamama, the primary target for the well. With the recent addition of onshore of Sharjah, Eni’s total exploration acreage in the UAE stands at over 12,000 square kilometers gross, including offshore areas of Abu Dhabi and Ras Al Khaimah. Click to get this free report Eni SpA (E) : Free Stock Analysis Report California Resources Corporation (CRC) : Free Stock Analysis Report Murphy Oil Corporation (MUR) : Free Stock Analysis Report CNX Midstream Partners LP (CNXM) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Monday, January 27


News

Eni makes gas and condensate discovery in UAE - Eni S.p.A. (NYSE:E)

ENI

Eni makes gas and condensate discovery in UAE. Jan. 27, 2020 9:27 AMEni S.p.A. (E)By: Carl Surran, SA News Editor. Eni (NYSE:E) says it made a gas and condensate discovery at the recently awarded Mahani onshore exploration prospect in the United Arab Emirates. The company says Mahani was drilled to a total of nearly 14.6K ft. measured depth, where it encountered a thick gas-bearing limestone reservoir; the size of the discovery will be assessed with additional appraisal drilling. Eni owns a 50% stake in the concession area, with operator National Oil Co. of Sharjah holding the remaining 50%. Recommended for you:. SA Stock Market news.

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Sunday, January 26


News

ENI CEO says he may step down if found guilty in Nigeria case-WSJ

ENI

ENI CEO says he may step down if found guilty in Nigeria case-WSJ. MILAN (Reuters) - Italian oil group ENI's Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal. Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1.3 billion oil deal for Nigeria's OPL 245 offshore oilfield in 2011. In a long interview published on the Wall Street Journal website on Saturday, Descalzi denied taking part in any illegal activity and said his work at ENI, where he rose through the ranks over the course of 39 years, was not done. However, Descalzi told the WSJ that he would likely step down if found guilty in the Nigeria case rather than wait for the outcome of lengthy appeals.

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