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...to Italy’s Eni, which is also expanding its oil and gas production....
...of the US gas export industry....
...He said there would be “continued demand” for oil and gas, and advocated for a “continuum where in some places you will completely replace the combustion of oil and gas and coal, and other places you’ll...
...oil and gas assets in the ageing basin....
...Ithaca could acquire all of Eni’s UK upstream oil and gas assets in exchange for new Ithaca stock. Eni would hold 38 to 39 per cent of the enlarged group under the limited details released so far....
...Ithaca has been granted a four-week exclusivity period to bid for the UK upstream assets of Italian major Eni, in what would be a major deal among North Sea oil and gas producers....
...The company cited a drop in gas and oil prices for a performance that it said was still “excellent” given a volatile environment....
...Eni has already partly proved the concept through the EIP deal. The oil group trades on an EV/ebitda multiple of 3.5 times....
...Oil and gas executives were the most likely to share this view....
...Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies....
...and gas exploration licences....
...The company declined to comment on the profit figure, which dwarfed its biggest competitors and was larger than some of the world’s biggest oil producers, including Italy’s Eni....
...Italy’s Eni reported adjusted quarterly net profits of €1.9bn, beating market expectations even as earnings nearly halved, dragged by lower oil and gas prices.Weaker refining margins also weighed on profits...
...But, so far, only nine of the world’s largest oil and gas producers have committed to address scope 3 emissions, according to Carbon Tracker: Eni, TotalEnergies, Repsol, BP, Shell, Equinor, Occidental Energy...
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...Equatorial Guinea wanted a foreign company to take over the assets from Exxon and has been wooing international oil companies including Eni, the Italian producer, and several Nigerian companies, according...
...Some country delegations include oil and gas company representatives — such as TotalEnergies and EDF being guests of France, or Eni of Italy....
...Francesco Gattei, chief financial officer of Italian energy company Eni, said he had been “quite positively surprised” by the company’s ability to quickly wean itself off Russian gas....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...Energean has offices in Egypt where it is drilling for gas with Italy’s Eni as part of its Eastern Mediterranean-focused strategy....
...The group said it would continue to invest in Nigeria, focusing on its deepwater oil operations and integrated gas business....
...A new satellite mission to track planet-warming emissions of methane gas is finally set to launch, now aided with artificial intelligence technology to help build a global map of oil and gas infrastructure...
...Gas is made up of mainly of methane, a molecule which has the capacity to store greater warmth over a shorter lifespan than carbon dioxide....
...News that the Israeli government awarded a further 12 exploration licences over the weekend, to operators including Italy’s Eni, and BP, underscores its growth ambitions....
...Italy’s Eni has agreed to acquire private equity-backed Neptune Energy for $4.9bn in the largest cash deal in the European oil and gas sector for almost a decade....
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