Eni’s nimble energy strategy evolves
Italian firm sharpens gas focus and ramps up E&P while pursuing satellite strategy
Italy's Eni is continuing the pivot it began in the wake of the outbreak of the war in Ukraine in early 2022. The company’s initial goal was to replace Russian gas volumes in Italy, and this has since evolved into a push for more exploration, coupled with strategic asset sales and underpinned by Eni’s satellite model. How successful the company’s approach proves will be seen over time, especially as the satellite model—which is based on creating separate entities that can access capital markets independently to finance their growth, according to Eni’s website—is still relatively new. On top of this, exploration comes with risk, especially in offshore areas, and success is not guaranteed. If
Also in this section
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
