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Eni SpA

Company Summary

Recent news

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Company Transactions

Date: 3/31/2020
Type: Acquisition

NOTES:
Eni and Naturgy have reached an agreement within Egypt to restart operations at the contested 7.56 Bcf Damietta LNG Plant in Northern Egypt by June 2020. In sum, the deal will see Naturgy close its businesses in Egypt and break-up the JV with Eni. Eni will increase its holdings in the plant alongside Egyptian state-owned firms. The plant has been offline since 2012 when political turmoil hit Egpytian gas supply and the country was forced to begin importing supplies. Once the deal closes, the plant will be 50% owned by Eni, 40% by EGAS and 10% by EGPC.
REGIONS:
  • Mediterranean
  • North Africa
  • Date: 3/11/2019
    Type: Acquisition

    BUYERS:
  • Qatar Petroleum
  • SELLERS:
  • Eni SpA
  • DETAILS:

    VOLUMES: 25.5 Percent

    NOTES:
    Qatar Petroleum acquired a 25.5% participating interest in block A5A in the Angoche Basin offshore Mozambique from Eni.
    REGIONS:
  • Africa
  • Date: 1/30/2019
    Type: Acquisition

    BUYERS:
  • Eni SpA
  • DETAILS:

    VOLUMES: 10 M Bbls/d

    NOTES:
    Enmi announced that they would be acquiring the remaining 70% stake in the Oooguruk oil field in Alaska from Caelus Natural Resources, bringing their total ownership to 100%.
    REGIONS:
  • Alaska
  • Date: 1/28/2019
    Type: Acquisition

    NOTES:
    Eni and OMV agreed to pay roughly $5.8 billion for a combined 35% stake in Abu Dhabi National Oil Co. Refining.
    REGIONS:
  • Middle East
  • Date: 12/16/2018
    Type: Acquisition

    BUYERS:
  • Qatar Petroleum
  • SELLERS:
  • Eni SpA
  • DETAILS:

    VOLUMES: 35 Percent

    NOTES:
    Qatar Petroleum acquired a 35% stake in Area 1, offshore Mexico from Eni, who will continue as operator
    REGIONS:
  • Gulf of Mexico - Mexican Waters
  • Date: 12/13/2017
    Type: Acquisition

    NOTES:
    25 percent indirect interest in Mozambique’s gas-rich Area 4 block
    REGIONS:
  • East Africa
  • Date: 3/9/2017
    Type: Acquisition

    SELLERS:
  • Eni SpA
  • DETAILS:

    COST: 2.8 $B

    NOTES:
    ExxonMobil entered an agreement to acquire 25% stake in Mozambique Area 4 offshore block from ENI for a purchase price of $2.8 billion.
    REGIONS:
  • Africa