Energy Features Headlines

Russia, Mozambique deepen defense and energy ties, aiming to diversify foreign investment

Russia and Mozambique reaffirmed their longstanding defense partnership during a diplomatic visit to Moscow by Mozambican Foreign Minister Maria Manuela dos Santos Lucas. The talks with Russian Foreign Minister Sergey Lavrov highlighted both countries’ commitment to strengthening military cooperation and expanding economic ties, particularly in the energy sector. Lavrov pledged continued Russian support for enhancing […]

Africa Emerging Markets Energy Headlines International

ENI starts oil and gas production offshore Côte d’Ivoire

Italian energy giant ENI started phase 2 of oil and gas production in the offshore Balaine field, which helps Côte d’Ivoire consolidate its role as a producing country on the global energy scenario, strengthening access to energy on a national scale. “Thanks to this milestone, production will reach 60,000 barrels of oil per day and […]

Energy Tunisia

Tunisia: 10 MW photovoltaic plant unveiled

Tunisia inaugurated on Saturday in the city of Tataouine a new 10 MW photovoltaic plant that will contribute to the country’s decarburization process. Installed by the Italian energy company ENI, the plant will supply the Tunisian national electricity grid with over 20 GWh of energy per year and ensure savings of around 211,000 tons of […]

Business Emerging Markets Energy

Amid energy crisis, EU gives gas-rich Mozambique’s security big boost

The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]

Africa Energy Headlines International

Côte d’Ivoire: ENI discovers new offshore oil and gas deposits, expanding reserves by 25%

Côte d’Ivoire, which aspires to become a “major” oil producer by 2023, has announced a new discovery of oil and natural gas by Italian hydrocarbon giant ENI, thus effectively expanding its potential reserves found last year by 25%. In September 2021, ENI announced a „major discovery” of offshore oil and gas resources in Ivory Coast, […]

Business Egypt Emerging Markets Energy Europe Headlines International

Egypt, Eni ink oil exploration, exploitation deal worth $1bn

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]

Africa Energy International

Oil & Gas: ENI eyes more potential in Ghana

Italian oil major, ENI has announced a gas and condensate discovery in CTP-Block 4, offshore Ghana. According to a statement from ENI’s External Communication Department of Sub-Saharan Africa, the exploration well was drilled by the Maersk Voyager drill ship in a depth of 350m and reached a total depth of 3,790m. The well, drilled on […]

Energy Headlines Tunisia

ENI begins construction of photovoltaic plant in Tunisia

The Italian energy giant ENI has started the construction in Tunisia of a 5 MW facility at the ADAM oil concession in which it has a 25% stake. The project aims to establish a state-of-the-art hybrid power generation system with battery storage devices, to enable efficient integration with existing turbines. The project, being developed with […]

Asia Energy Europe Headlines International Morocco

Oil exploration: Qatar Petroleum gains foothold in the Tarfaya offshore area

Qatar Petroleum has joined the Italian oil company ENI and Morocco’s Office for Hydrocarbons and Mining ONHYM to explore for oil and gas off Tarfaya. ENI and Qatar Petroleum have signed an agreement on Wednesday allowing the Qatari company to acquire a 30% stake in the offshore concession of Tarfaya, including 12 blocks of exploration […]

Algeria Energy Headlines

Algeria’s Sonatrach to begin first ever offshore drilling

Algeria’s state-owned oil and gas company will launch offshore drilling with France’s Total and Italy’s ENI on the eastern coast between Bejaia and Skikda for the first time in its history. According to Sonatrach’s Director for New Resources, Youcef Khankar, the campaign will begin in the second half of the year, with 2D and 3D […]