Tag: Eni

Oil companies forfeit Arctic drilling rights

Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area.  More »

Human errors account for 80% of offshore accidents, exec says

Safety must be the backbone of any offshore company’s corporate culture because four of every five major offshore accidents are caused by human errors rather than mechanical or structural failures, an Anadarko Petroleum executive said Monday.  More »

Companies discuss technology for building pipeline better

An Italian oil service company recently finished laying a huge swatch of pipeline across the Gulf of Mexico and will soon launch a new project on the other side of the globe.  More »

Iran plans to meet foreign oil companies to seek investment

Iran plans to meet with international oil companies as soon as March to try to entice investors to its energy industry once world powers lift sanctions, the Persian Gulf state’s oil minister said.  More »

ConocoPhillips begins production of North Sea natural gas field

ConocoPhillips will begin producing natural gas at its Jasmine field in the North Sea, the company announced Wednesday morning.  More »

Berber militia takes western Libya oil facility

The complex is a joint venture between Libya’s National Oil Corp. and Italian oil firm Eni SpA.  More »

Somalia targets Shell, Eni for oil, gas output-sharing contracts

Somalia plans to sign 30 oil and gas production-sharing contracts this year, starting with companies that operated in the country before its government was toppled more than two decades ago, an official said.  More »

US shale revolution hinges on exports, execs say

The United States is uniquely positioned to harvest newly accessible natural gas reserves and sell the fossil fuel overseas — but that hinges on the Energy Department’s support for exports, executives said Wednesday.  More »

CERA: Recreating U.S. shale gale overseas faces challenges

Eni CEO Paolo Scaroni said the natural gas boom in the United States is unlikely to happen in other parts of the world.  More »

Eni ups estimate of giant Mozambique gas find

Eni announces that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the company on October 20th.  More »

Eni says ‘giant’ gas find off Mozambique is company’s largest

Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery.  More »

British firm buys control of Libyan oil field company

British company Heritage Oil PLC said today that it has acquired a controlling interest in a Libyan company licensed to provide oil field services including offshore and land-based drilling.  More »
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