Eni

Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil field deal. The West African country’s justice ministry will waive…

Eni said it has achieved a 17 percent reduction in Scope 1, 2, and 3 emissions, compared to 2018 levels, in re-affirmation of its carbon neutrality strategy and commitments to net zero emissions by 2050. The company also stated…

Beginning from now until 2025, Eni will be investing around €4.5 billion ($4.47 billion) each year in upstream activities in several countries. Deputy chief operating officer for natural resources, Eni, Cristian Signoretto who disclosed…

Few weeks after its incursion into the insurance industry, Heirs Holdings, the leading African strategic investor, in partnership with Transcorp Plc, Friday announced the acquisition of 45 per cent in Nigerian oil licence OML 17 and related…

TAYO ELEGBEDE Eni, an integrated energy company and Asstra, the National Association of Local Public Transport Companies in Italy have entered into a partnership to promote carbon-neutral mobility. Carbon-neutral mobility seeks to…

TAYO ELEGBEDE Eni, an integrated energy company, has reacted to the allegation of corruption in the firm's acquisition of Oil Prospecting Licence (OPL) 245. The company, which debunked the corruption allegation, said it acted with…

BY TAYO ELEGBEDE Eni has confirmed that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its…

By TAYO ELEGBEDE After two years and more than 40 hearing proceedings of the popular Malabu scandal, Eni has gathered fresh hopes that the truth can finally be re-established following the defensive arguments that will be presented at…

OMOTAYO ARAOYE The Suspension of the Economic and Financial Crimes Commission, (EFCC), Acting Chairman, Mr Ibrahim Magu could mark a setback in the fight against corruption in Nigeria, Global Coalition Against Corruption has told President…

An English court threw out a $1.1 billion (£903.49 million) case Nigeria had brought against Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) related to a dispute over the OPL 245 oilfield, a court document showed on Friday, while a related…