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The Latest Breaking News from Eni

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

StockNews.com

Northern Territory government could be first buyer of Beetaloo gas, as Blacktip supply issues bite

A gas company looking to develop the Beetaloo Basin says the Northern Territory government could be one of its first customers for fracked gas.

ABC News

Qatar boosts influence in Lebanon amid multiple crises

Wealthy Qatar has been silently expanding its influence in crisis-hit Lebanon in recent years, while oil-rich Gulf Arab nations ostracized the Mediterranean country over the growing influence of its militant Hezbollah group

The Independent UK

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QatarEnergy Replaces Russian Company in Lebanon Gas Exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…

Asharq Al-Awsat

Qatar joins Lebanon gas exploration consortium

Beirut (AFP) - Lebanon announced Sunday that Qatar had entered a consortium to explore for offshore gas in waters near Israel, following a historic border deal last year between the two foes.

AFP

Qatar replaces Russian company in Lebanon gas exploration

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy agreed Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast

The Independent UK

QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday. Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni…

Asharq Al-Awsat

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Italy's Eni signs $8 bn gas deal as Meloni visits Libya

Tripoli (AFP) - Italian energy giant Eni signed an $8 billion gas deal with Libya's state-run National Oil Corporation Saturday as Prime Minister Giorgia Meloni visited Tripoli.

AFP

Italy's premier visits Libya for talks on energy, migration

Italy’s prime minister has arrived in Libya for talks with officials from the country's west-based government that will focus on energy and migration

The Independent UK

Italy plays on historic heartstrings with Algeria to boost critical energy ties

Italian Prime Minister Giorgia Meloni hailed Algeria as Rome’s “most stable, strategic and long-standing” partner in North Africa as she wrapped up a two-day visit on Monday aimed at securing Italy’s energy supplies and promoting her plan for a “non-predatory” approach to investment on the continent.

France 24

Algeria, Italy look to broaden ties beyond coveted energy

Italy and Algeria moved to expand their ties through a series of signed agreements during a two-day visit by Italian Premier Giorgia Meloni, who called Algeria Italy’s “most stable, strategic and long-standing’’ partner in the region

The Independent UK

Italy's Meloni eyes boost in strong energy ties with Algeria

Italian Premier Giorgia Meloni is looking to boost already strong energy ties with Algeria to further wean Italy off Russian energy

The Independent UK

Former Algerian Minister Sentenced to 20 Years in Prison

A former Algerian energy minister was sentenced in absentia Thursday to 20 years in prison for corruption. Chakib Khelil headed the energy ministry for a decade under the late president Abdelaziz Bouteflika. The Sidi M’Hamed court in Algiers also issued on Thursday prison terms of between five and 10 years…

Asharq Al-Awsat

Eni, Chevron Announce New Gas Discovery in Egyptian Field

Italian energy group Eni and US energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron, which holds a 45% interest…

Asharq Al-Awsat

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StockNews.com

3 Stocks That Stand to Benefit from the Ongoing Energy Crisis

Despite the recent retreat in oil and gas prices from their peaks, a surge in demand due to the onset of a chilly winter in the U.S. and Europe and the reopening of China’s economy could boost oil and gas prices significantly. Therefore, we think it could be wise to…

StockNews.com

5 Oil and Gas Stocks to Watch This Holiday Travel Season

Crude oil prices are increasing with declining inventory and hopes of a slower interest rate hike. Moreover, a surge in demand is also expected due to the possible reopening of the Chinese economy and holiday travel. Given the industry tailwinds, we think it could be wise to consider investing in…

Zenger

Israel Allows TotalEnergies And Eni To Search For Gas Offshore After Lebanon Deal

Israel signed agreement to begin exploring natural gas within the framework of a historic maritime border agreement with Lebanon

Al Jazeera

Israel signs agreement on gas field shared with Lebanon

Exploration in the Qana field is set to begin after Tel Aviv signed a framework agreement with the contractor.

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The Independent UK

Total to launch sea exploration after Lebanon-Israel deal

French oil giant Total says it will soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel maritime deal

Radio France Internationale

TotalEnergies, ENI sign deal with Israel on gas field shared with Lebanon

French power operation TotalEnergies and Italian hydrocarbon company ENI have jointly signed a framework agreement with Israel to exploit a gas field shared with Lebanon, the French energy supplier said Tuesday.

Asharq Al-Awsat

Lebanon’s Deputy Speaker Calls for Talks with Syria to Demarcate Maritime Border

Lebanon’s Deputy Speaker Elias Bou Saab has called for communicating “directly and publicly” with Damascus to delineate the maritime border between Lebanon and Syria, following a recent border demarcation agreement with Israel. “The Lebanese government must engage directly and publicly with the Syrian government...

AFP

After Israel, Lebanon eyes maritime border talks with Syria

Beirut (AFP) - Lebanon wants direct talks to demarcate its maritime border with Syria so it can begin offshore gas exploration, weeks after reaching a similar agreement with Israel, its top negotiator told AFP.

Asharq Al-Awsat

QatarEnergy Seeks to Acquire 30% stake in Lebanon's Offshore Exploration Area

QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies and Eni in this regard, announced CEO Saad al-Kaabi. Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached a deal…

Bangkok Post

PTTEP takes 25% stake in Sharjah Onshore Area A

PTT Exploration and Production Plc (PTTEP) continues to expand its investment in petroleum production in the United Arab Emirates (UAE) by acquiring a 25% stake in the Sharjah Onshore Area A from a subsidiary of Eni, an Italy-based integrated energy company.

ABC News

NT's Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline

Production from the offshore field which supplies gas for the Top End's electricity generation has decreased by nearly 50 per cent this year.

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