Eni ADR Stock News
$55.10
1.47%
NYSE, Nov 10, 04:10 pm EST.
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Eni ADR Stock News
The Cronos project off Cyprus in the eastern Mediterranean lays the foundation for future drilling in the region, according to Eni's chief operating officer, Guido Brusco.
Italian energy group Eni is expected to sign contracts worth up to $1.8 billion for the construction of drilling infrastructure and pipelines at its gas project offshore Cyprus in the coming days, the Wall Street Journal reported on Friday, citing sources.
Italian energy group Eni could take a final investment decision by year-end on the first phase of a Venezuelan oil project that it expects will eventually produce up to 1 million barrels per day (bpd), executives said on Friday.
The contracts involve building subsea infrastructure that will help extract, treat and send gas to Egypt via underwater pipelines, according to people familiar with the matter.
The company kicked off earnings season for energy majors with an extraordinary dividend and buyback hike on exceptional refining margins.
Eni to pay special dividend, lift buyback after strong third-quarter results
ADNOC's XRG in talks to buy stake in Eni's Libya oil and gas business, sources say
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