Italian energy group Eni said on Friday its second-quarter earnings fell 25% year on year as lower oil price, refining margins and a weaker dollar overshadowed a better than expected performance of its gas business.
A climate change case against Italian energy group Eni can continue, the country's top appeals court has ruled, in a jurisdiction case that had been raised by environmental groups Greenpeace Italia and ReCommon.
We remain overweight on Eni due to its satellite strategy and gas diversification. The JV with Petronas and new partnerships in Algeria and Argentina reinforce E's growth and strategic positioning in global energy markets. The company's sum-of-the-parts valuation highlights significant intrinsic value not fully captured by traditional metrics, justifying a buy rating.
Italian energy group Eni and Dubai-based Khazna have signed a preliminary agreement to jointly develop a 500-megawatt (MW) data centre campus in northern Italy, the two companies said on Friday.
Ghana has reached a deal with Italian energy group Eni to increase natural gas supply by 30 million standard cubic feet per day from July 13, the West African country's energy ministry said on Wednesday.
Algeria's state oil and gas company Sonatrach and Italy's Eni have signed a production sharing contract to explore and develop hydrocarbons, Sonatrach said in a statement on Monday.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
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