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
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
