Eni S.p.A. (MIL:ENI) is accelerating growth across gas, drilling and retail — joining a $6.2B Umm Shaif gas-cap FID to add ~600 MMscfd by 2030, awarding Saipem a $260M drillship contract for Côte d’Ivoire from 2027, and agreeing to buy ~320 European fuel stations pending approval.
Previous Week Recap
- Umm Shaif Gas Cap FID: ENI involved in $6.2B Umm Shaif gas-cap FID with ADNOC, TotalEnergies and CNPC; project aims to add ~600 MMscfd gas plus liquids, targeting production by 2030 — key supply growth driver for ENI.
- Saipem Drillship Santorini Win: ENI awarded Saipem a $260M offshore drilling contract for drillship Santorini to start a long-term Côte d’Ivoire program in early 2027 under a firm term plus optional extensions.
- Eni Buys Oil Tankstellen Network: ENI agreed to buy Oil Tankstellen’s European fuel-station business via Enilive (KKR 30%), adding about 320 stations across Germany, Denmark, Austria and Switzerland; deal pending regulatory approval.
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