ENI SPA

ENI S.p.A. with ticker code (E) now have 3 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 39.46 and 32.5 calculating the average target price we see 36.32. Now with the previous closing price of 29.06 this would indicate that there is a potential upside of 25.0%. The 50 day moving average now sits at 25.82 and the 200 day MA is 26.44. The company has a market cap of $51,014m. You can visit the company''s website by visiting: https://www.eni.com [stock_market_widget type="chart" template="basic" color="green" assets="E" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $63,759m based on the market concensus. 0 This article ENI S.p.A. – Consensus Indicates Potential 25.0% Upside first appeared on DirectorsTalk Interviews .

ROME (Reuters) – Europe needs to include natural gas in its long-term transition plan in order to foster investments in infrastructure and fuel production needed to ensure energy security and lower fuel prices, Eni’s chief executive said on Friday.

MILAN (Reuters) – Plenitude, the renewable energy unit of Italy’s Eni, has agreed to buy 100% of wind and solar developer PLT, it said on Friday, strengthening its presence in Italy and Spain.

ROME (Reuters) – Europe needs to include natural gas in its long-term transition plan in order to foster investments in infrastructure and fuel production needed to ensure energy security and lower fuel prices, Eni’s chief executive said on Friday.

MILAN (Reuters) – Plenitude, the renewable energy unit of Italy’s Eni, has agreed to buy 100% of wind and solar developer PLT, it said on Friday, strengthening its presence in Italy and Spain.

Eni is hunting for a bargain in the North Sea. Italy’s $52 billion oil major is mulling a bid for oil and gas producer Neptune Energy, Reuters reported on Wednesday, for an equity value of around $5 billion to $6 billion. Given Neptune’s owners CVC Capital Partners, Carlyle and China Investment Corporation last year wanted to list the business for $10 billion, Eni may have to haggle a bit.

No official bid had been submitted.

TRIBUTES have flooded social media following the death of the Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Mohammad Barkindo at the age of 63. Mohammad Barkindo, who became secretary-general of OPEC in 2016, died suddenly late on Tuesday, July 5, however, news of his death began circulating on social media on Wednesday, July 6 – leading to hundreds of tributes. “We lost our esteemed Dr Muhammad Sanusi Barkindo,” a tweet from Mele Kyari, Managing Director of the Nigerian National Petroleum Company Limited read. “He died at about 11 pm yesterday 5th July 2022. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. Burial arrangements will be announced shortly.” Barkindo also served at the Nigerian petroleum corporation and as the Deputy Managing Director of Nigerian Liquefied Natural Gas, a joint venture between NNPC and multinational oil giants Shell, Total and Eni. Reports suggest that the Nigerian was due to retire from his position at OPEC in a few weeks before his sudden death.

Shell is the final energy company to partner Qatar in the project following earlier deals with Total Energies, Exxon, Conoco Phillips and Eni.

Doha, Qatar July 5-Shell joined Qatar Energy’s $29 billion project to expand production at the world’s biggest natural gas field on Tuesday, becoming the fifth and final international partner. The British-based company took a 6.25 percent stake for an undisclosed sum, joining TotalEnergies, Eni, ConocoPhillips and ExxonMobil in the North Field East project. The North Field […]

Shell joined Qatar Energy''s $29 billion (€28bn) project to expand production at the world''s biggest natural gas field on Tuesday, becoming the fifth and final international partner. The British-based company took a 6.25 per cent stake for an undisclosed sum, joining TotalEnergies, Eni, ConocoPhillips and ExxonMobil in the North Field East project. The North Field expansion is the biggest liquefied natural gas (LNG) project ever seen, Qatar Energy said. It comes at a time of intense geopolitical tensions over energy supplies. The $28.75 billion development is predicted to increase Qatar''s production from the current 77 million tonnes a year to 110 million tonnes by 2027. "As one of the largest players in the LNG business, (Shell) have a lot to bring to help meet global energy demand and security," said Qatar''s Energy Minister Saad Sherida al-Kaabi, who is also the Qatar Energy president and CEO. Qatar Energy estimates that the North Field, which extends under the Gulf Sea into Iranian territory, holds about 10 per cent of the world''s known gas reserves.

Italy seeking another deal to cut Russia gas reliance