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Eni discovers 2 Tcf gas field in Egypt’s Mediterranean maters
Eni S.p.A. has announced a significant gas and condensate discovery offshore Egypt, reinforcing the Eastern Mediterranean’s position as a growing energy hub. The discovery was made at the Denise W-1 exploration well, located within the Temsah Concession about 70 kilometres…
Congo LNG project Phase II comes online with premier cargo
Ziggy Ojiegbe Italy’s energy major Eni has shipped its first LNG cargo from the Nguya FLNG facility, marking the official start-up of Phase II of the Congo LNG project in the Republic of Congo. The milestone was celebrated in Pointe-Noire…
Saudi Aramco leads oil majors with 52 years reserves life
Ziggy Ojiegbe Saudi Aramco stands in a league of its own when it comes to reserve strength, highlighting a growing divide between national oil companies and Western majors struggling to replenish what they produce. Shell’s 2025 results have amplified those…
Shell completes transaction to increase stake in Bonga Field
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, has completed the transaction to increase its interest in the OML 118 Production Sharing Contract to 65 percent. The completion follows SNEPCo’s earlier agreement to acquire the 12.5…
TotalEnergies, ExxonMobil, Eni set to transform Mozambique into Global LNG powerhouse
Sopuruchi Onwuka Mozambique is on track to become one of the world’s leading liquefied natural gas (LNG) producers as international energy giants TotalEnergies, ExxonMobil, and Eni move closer to restarting multi-billion-dollar gas developments in the country. Following years of suspension…
Divestments: Can independents secure Nigeria’s energy future with brown asset?
NAPE calls for seismic data update on Niger Delta Sopuruchi Onwuka Transfer of most onshore petroleum industry operations from the international oil companies to mainly indigenous independent companies puts the fate of the country’s economy in the efficient hands of…
NUPRC restates commitment to stable operating environment
As Eni posts 20% output growth at Abo Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator and administrator of oil licenses, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to providing stable operating environment for commercial players in…
Eni and partners reach FID on Mozambique’s Coral North project
Italian energy multinational, Eni, has declared that it has taken definitive resolve to press on with an ultradeep offshore floating gas liquefaction project that would bring its overall liquefied natural gas (LNG) production to over 7.0 million tons per annum…
TotalEnergies’ $510m OML118 divestment scales regulators approval
Shell, Eni to pay $35.7m to FG Sopuruchi Onwuka Government has approved the deal by TotalEnergies to sell off its 12.5 interest in the deepwater Oil Mining Lease (OML) 118 to Shell Nigerian Exploration and Production Company (SNEPCO) Limited and…
Divestments: UN body indicts IOCs on remediation breaches
Sopuruchi Onwuka The lingering concerns about who takes eventual responsibility for decommissioning of production facilities and remediation of oilfield environments have reached global arbitration despite earlier assurances that funding and roles have been resolved among deal parties. A panel of…
