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Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters
24 Apr 2024 12:05 GMT
… acceleration of growth.
Claudio Descalzi, Eni’s CEO, commented: “This agreement … focused management structure supported by Eni resources and expertise. The combination … significant growth and optimisation opportunities.”
Eni claims that this combination will …
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Ithaca hails ‘transformational’ deal with Italy’s Eni
24 Apr 2024 12:38 GMT
… its North Sea activities with Eni’s UK upstream assets. In … return, Eni, will take a 38.5% … said: “The transformational combination with Eni UK will further enhance Ithaca … third quarter of this year. Eni will be entitled to recommend …
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Eni increases share buyback to €1.6bn in 2024
24 Apr 2024 13:14 GMT
… Q1 2024.
In Q1 2024, Eni achieved an adjusted net profit … a group tax of 49%. Eni had an adjusted operating cash … 6bn of adjusted net profit,” Eni CEO Claudio Descalzi said in … , which aligns with Eni’s decarbonisation strategy.
Plenitude, Eni’s business dealing …
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Eni ups share buyback on Q1 profit beat, but debt rises
24 Apr 2024 13:15 GMT
… Reuters) - Italian energy group Eni said on Wednesday it would … update.
As a consequence, Eni raised the 2024 share buyback … earnings from Plenitude, with Eni citing higher retail commodity margins … in higher than expectations."
Eni's retail and …
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Eni Plenitude cuts ribbon at 50-MWp solar farm in Spain
24 Apr 2024 13:26 GMT
… renewable power producer and retailer Eni Plenitude SpA on Tuesday inaugurated … unveiling comes two weeks after Eni Plenitude launched construction of the …
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Ithaca Energy to acquire Eni’s upstream assets in UK for £754m
24 Apr 2024 08:48 GMT
… month, includes interests from Eni’s recent acquisition of … Area, Rosebank and Schiehallion.
Eni has stated that the merger … “The synergistic combination with Eni’s highly cash-generative UKCS … substantial scale and longevity.”
Eni CEO Claudio Descalzi said: …
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Eni UK, Ithaca Energy Agree to Merge
24 Apr 2024 08:38 GMT
… the Italian government-controlled Eni said.
Ithaca Energy, owned … of upstream combinations that Eni has formed using its … “The Combination will allow Eni to continue pursuing its … growth and optimization opportunities”, Eni chief executive Claudio Descalzi …
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Eni Agrees to Merge UK Upstream Assets with Ithaca Energy
24 Apr 2024 07:43 GMT
… of the business combination agreement Eni and Ithaca will combine … execution of upstream combinations that Eni has formed using its … .
The combination will allow Eni to continue pursuing its successful … after the acquisition by Eni of Neptune Energy to …
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Eni Raises Share Buyback to €1.6 Billion on Strong Cash Flow
24 Apr 2024 07:35 GMT
… €1.57 billion.
At Eni’s gas business, adjusted operating … markets, the company said.
“Eni has reported a resilient set … earnings from Plenitude, with Eni citing higher retail commodity margins … in its renewable portfolio.”
Eni is reorganizing itself in a …
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Eni’s profits halve in first quarter but in line with analysts predictions
24 Apr 2024 06:45 GMT
… and LNG division last year
Eni's chief executive Claudio … and gas field, exploited by Eni and its partner Petroci in …