Eni (NYSE: E)

Morrocco: Qatar Petroleum acquires stake permits from Eni

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

Qatar Petroleum is expanding its global portfolio entering into an agreement with Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit off Morocco. The company noted it is a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco. Following regulatory approvals, the partners holding a participating interest in the Tarfaya shallow exploration permit will be affiliates of each of Eni (operator) with a 45 percent participating interest,…

Mozambique: QP signs pact with Eni to acquire 25.5% stake in exploration block

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

Qatar Petroleum (QP) has entered into an agreement with Italy’s Eni to acquire a 25.5 percent participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique, the company announced in a statement on Monday.

Africa Oil & Gas: Nigeria hits oil majors with billions in back taxes

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

Nigeria has ordered foreign oil and gas companies to pay nearly $20-billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.

Africa Oil & Gas: Eni and Shell face new Nigeria action

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

The two firms have received harsh criticism from an Italian judge and now await UK court proceedings.

Africa Oil & Gas: Eni granted two exploration blocks onshore Egypt

Posted on February 18, 2019February 18, 2019 by Mozambique Resources Post

Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt.

Mozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project

Posted on December 28, 2018December 28, 2018 by Mozambique Resources Post

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Posted on December 19, 2018December 19, 2018 by Mozambique Resources Post

Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.

Africa Oil & Gas: Nigeria lost $6 billion to Shell and Eni

Posted on November 28, 2018 by Mozambique Resources Post

A new report finds that Nigeria missed out on nearly $6 billion in projected revenues because of the odd structure of a 2011 oil deal it made with Royal Dutch Shell (NYSE: RDS.A) and Eni (NYSE: E).