Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It has operations in 79 countries, and is currently world’s 11th largest industrial company with a market capitalization of 68 billion euros (US$ 90 billion), as of August 14, 2013. The Italian government owns a 30.303% golden share in the company, 3.934%
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’s Western Desert, the company announced in a press release. The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to
Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the talks. Exxon Chief Executive Officer Rex Tillerson discussed the plan with Mozambique President Filipe Nyusi last week in Maputo, the African nation’s capital, according to one of
The history of Uganda’s Oil sector and the Ministry of Energy and Mineral Development (MEMD) can not and will never be satisfactory complete without the name Fred Kabagambe Kaliisa. Kaliisa is currently the Permanent Secretary of the Ministry, which is known for silently building a professional and excellence culture especially in the oil and gas
Uganda president Yoweri Museveni and Tanzania counterpart John Magufuli agreed to accelerate the implementation of a crude oil pipeline project between the two nations and award the construction contract to multiple contractors. The decision was reached during talks between the two leaders on the sidelines of the swearing in ceremony of Museveni in Kampala according
By Angelo Izama… Dear Mr. President (Elect) Yoweri Museveni I hope this letter finds you well. By judging from the reporting of your trip to Nairobi over the oil pipeline issue the Kenyan political establishment expects nothing less than an agreement to export oil through Lamu. The Citizen reported that the talks had“collapsed”, for example,
PRESS RELEASE… The first annual Africa Oil Governance Summit to evaluate progress made, build consensus on a road map for Africa’s resource prosperity and identify best practices in oil governance for adoption by other African countries, ended in Accra. The two-day conference took place on the theme: “Africa Rising as Oil Curse Beckons for Most
KAMPALA Uganda president Yoweri Museveni is expected to deliver a keynote address at Uganda International Oil and Gas summit (UIOGS) in Kampala, Global Events Partners, the organizer of the event has confirmed. The president will head the government delegation at the Summit expected to link oil industry players in Uganda, the region and stakeholders across the
By James Muhindo Seven days to the 52nd independence celebrations in Uganda, President Y.K. Museveni while at the Conference on Mineral wealth, in Kampala Uganda, took the country five decades back in the struggle for human rights. As reported in one of Uganda’s Dailies, the president said that government will change the law to allow
Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous Arab nation is seeking to transform itself into a gas re-exporting hub on the doorstep of energy-hungry Europe, and