The company’s four-year investment plan is focused on high value projects with quick returns and the development of conventional projects.

Gas Supply

In 2017, Eni’s consolidated subsidiaries supplied 78.28 bcm of natural gas, down by 4.36 bcm or by 5.3% from 2016. Gas volumes supplied outside Italy from consolidated subsidiaries (73.23 bcm), imported in Italy or sold outside Italy, represented approximately 94% of total supplies, down by 3.41 bcm or by 4.4% from 2016. This reflected lower volumes purchased in the Netherlands (down by 4.40 bcm) following a contractual termination, in Qatar (down by 0.92 bcm) and in Norway (down by 0.70 bcm) partially offset by higher purchases in the United Kingdom (up by 0.28 bcm) and in Algeria (up by 0.28 bcm).

Climate change and new forms of energy

activity. A billion dollars to fight climate change The Oil and Gas Climate Initiative (OGCI) investment, which included Eni as well as ten others, will be allocated in the next ten years to initiatives and projects [...] the world needs". In addition to investments in technologies, OGCI is promoting scientific studies ...

12 May 2016 Section: Sustainability

Business risks

differences between the cost of supply and the minimum off take obligations in take-or-pay long-term gas supply contracts compared to current market conditions and management of arbitrations/negotiations with [...] and strengthening the Climate Change issue in the strategic plan, with medium-term targets and investments in line with the action plan ...

8 May 2018 Section: investors

OCTP Project Benefits

300,000 people has been developed by Eni Foundation within the framework of eni Community Health Programs. Moreover, in collaboration with IFC/WB, the OCTP JV Community Investment Strategy is under preparation [...] Area, in ways that are sustainable and tapping opportunities generated by OCTP investments. The OCTP JV sees community ...

12 May 2016 Section: media

Intervento dell'Amministratore Delegato, Claudio Descalzi al Parlamento Europeo

reduce prices. For all these reasons, today's gas supply is even more secure, diversified and competitive than in the past. We cannot waste the efforts and investments made in the past decades, but we have to [...] Stato un'offerta di gas sicura, concorrenziale e diversificata". È questa la posizione ...

12 May 2016

Eni’s activities in Ghana

conducted by Eni in Ghana since 1960 the main development activities for oil and gas reserves concentrated in the Offshore Cape Three Points (OCTP) area Eni offices and contacts in the country Upstream Eni is [...] Tel: +233(0)302 761790, +233(0)302 761786 Read also Eni's sustainability projects ...

12 May 2016 Section: enipedia

Targets up to 2020 and the action taken to reach them

Contacts Targets up to 2020 and the action taken to reach them Concrete action taken by Eni to achieve the objectives set out in the 2017-2020 strategic plan: Upstream, Mid-downstream, financial strategy, [...] in 2025: 10 MTPA - Cumulative CFFO 2017-2020: 2.6 billion - Full realignment with the market of gas supply ...

21 August 2017 Section: investors

The assets of Eni’s Historical Archive

leading figures of the Eni Group and important personalities closely associated with Enrico Mattei, made in the 1980s by Eni's Historical Archive itself. A collection of testimony by Eni pioneers is currently [...] on activities conducted by Eni over the years in collaboration with companies and consortia such as Aipa ...

12 May 2016 Section: enipedia

The six legged dog history

of the world's largest energy companies, dies in a plane crash. 1962 Eni signs the first major gas supply contract with Russia. 1969 Eni starts the first studies to produce electricity by photovoltaic conversion. [...] of all Eni becomes a public limited company and starts the privatisation process. 1992 Eni ...

12 May 2016 Section: company

Eni’s activities in Italy

term access to gas availability, Eni has signed a number of long-term gas supply contracts with key producing Countries that supply the European gas markets. In recent years Eni renegotiated a number of the [...] and the Green Refinery (the conversion into a bio-refinery) the chemical sector Eni offices and contacts ...

12 May 2016 Section: enipedia

The results of 2016 and how they were achieved

cash neutrality level - Eni has halfed its cash balance point from $127/barrel in 2013 to $50/barrel in 2016 - In the period 2014-2016, despite a 50% fall in the price of oil, Eni achieved a cumulative liquidity [...] 2016, of which over 2 billion in 2016 (vs. 400 million in ...

31 August 2017 Section: investors

Eni’s proved and undeveloped reserves

planned according to the delivery obligations set forth in a long-term gas supply agreement currently in force. DELIVERY COMMITMENTS Eni, through consolidated subsidiaries and equity-accounted entities, sells [...] divestments (down by 523 mmboe) related to Mozambique and Egypt disposals, as mentioned above. During 2017, Eni converted 489 mmboe of proved undeveloped ...

12 May 2016 Section: enipedia

Ghana: the OCTP project

OCTP will provide domestic gas supply to national thermal power plants for more than 15 years, addressing energy requirements in urban and rural areas and where needed most. Eni Ghana Exploration and Production

12 May 2016 Section: media

Eni’s activities in Nigeria

the country, where Eni has been present since 1962 a focus on the onshore and offshore blocks of the Niger Delta in which Eni operates Eni offices and contacts in Nigeria Upstream Eni has been present [...] undeveloped acreage of 30,769 square kilometers (7,370 square kilometers net to Eni ...

12 May 2016 Section: enipedia

Eni’s sustainability projects in Nigeria

also Eni's activities in Nigeria Eni has been operating in Nigeria since 1092, with both offshore and onshore activities in the Upstream sector. Grievance Mechanism Eni has adopted a Grievance Mechanism, [...] and services reach the high standards required by the oil and gas sector. Health In the Niger Delta ...

12 May 2016 Section: enipedia

Development of green investments

expected in 2018-2021, with an investment in profitable projects of around 1.2 billion and a potential installed capacity of around 1 GW by 2021 (doubling the investments compared to the previous 2017-2020 [...] Green chemistry To support the traditional chemical business, Eni has developed the green chemistry business. Through its ...

6 July 2018 Section: Sustainability

Performance and investments

In 2017, our overall spending on R&D in the Exploration & Production sector was 83 million. The investment planned for our green businesses in the period 2018-21 is more than 1.8 billion, including expenditure [...] scenarios. Mid-Downstream restructuring All our Mid-Downstream sectors are now able to finance their own investments ...

27 April 2018 Section: operations

Eni's investments in the Exploration & Production segment

approximately 5% from 2016. Successes and investments In 2016 we achieved numerous goals including investing in development, exploration and production. Capital investment Capital expenditure Capital expenditure [...] News Exploration and production: performance and investments during the year Among the results achieved in 2016: the trend of GHG emission index compared to ...

4 May 2017 Section: operations

Gas and power: performance and investments during the year

performance and investments during the year The sector saw an increase in gas sales, increased investment and the development of power stations. Our results 2016 saw a rise in gas sales and investment as well [...] These effects were partly offset by optimization actions and better performance in trading activities. Eni ...

12 May 2016 Section: operations

Refining and marketing: performance and investments

News Refining and marketing: performance and investments The improvement in results is due to better refining margins as well as efficiencies and optimisation of the refineries structure. Successes and

3 May 2017 Section: operations

Eni Peers

Contacts Eni Peers How Eni compares with the principal companies operating in the same sector: Exxon, Shell, Chevron, Total, BP, Conocophillips, Statoil, Anadarko, Apache e Marathon Oil. Comparison with [...] shares). The graph below compares Eni with its peers in terms of free cash flow yield - the ratio between net cash ...

27 July 2017 Section: investors