Eni engaged in slow shift towards gas
Eni banks on gas for transition future
The Italian major continues to reorientate its portfolio to focus on gas
Italy’s Eni has pursued an aggressive policy of portfolio optimisation recently, with a deal to acquire most of UK independent Neptune Energy and divestments in Congo-Brazzaville now being followed by the significant acquisition of Chevron’s Indonesian assets. The Chevron portfolio includes operatorship and majority stakes in the Ganal (62%), Rapak (62%) and Makassar Straits production-sharing contracts in the Kutei Basin, off East Kalimantan. Eni already had 20% stakes in the Ganal and Rapak blocks, so the deal is “an excellent fit”, the company said, adding the Neptune deal also included Indonesian assets. Eni stated that the Chevron deal “is an important step... to fast track the developm
Also in this section
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
