Eni and QatarEnergy will create a joint venture to participate in the NFE LNG project. QatarEnergy will own 75% of the shares and Eni the remaining 25%. The joint venture will own 12.5% of the entire project. Production at NFE is expected to start by the end of 2025. Investments will amount to $28.75 billion. Implementation of the project will increase Qatar...

Eni SpA will allocate at least €2.5 billion for investments in the UK over the next four years. The company made this decision after the government demanded that energy companies increase investments or pay more taxes, the Financial Times reported with reference to the company. It plans to spend 80% of the planned expenditures on projects to capture carbon a...

Eni's IFRS net profit for 3 months of 2022 was €3.583 billion, up 4.19 times from €0.856 billion in the previous year. Revenue increased 2.22 times to €32.129 billion compared to €14.494 billion a year earlier.

Eni entered into an agreement with bp to create a joint venture, Azule Energy, based on the Angolan divisions of both companies. The resource base of Azule Energy will be 2 bln boe and the oil and gas production volume will be 200,000 boe/d. Eni and bp will each own 50% of the joint venture.