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Commodities Eni and TotalEnergies Fast-Track Cronos Gas Project Offshore Cyprus for First Gas in 2028
Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field offshore Cyprus, with first gas expected in 2028. The project will transport gas to Egypt for liquefaction and export to Europe, supporting energy security and Eni's LNG portfolio expansion.
Commodities Eni Awards Saipem $260m Contract for Santorini Drillship in Ivory Coast Campaign
Eni's subsidiary Eni Côte d'Ivoire Limited has awarded Saipem a $260m contract to deploy the Santorini drillship offshore Ivory Coast for a long-term development drilling campaign starting early 2027. The campaign is linked to the Baleine Phase 3 project, which will increase oil production to 150,000 bpd and gas to 200 mmcfd.
Commodities Eni Extends Ventura Offshore Rig Contract in Indonesia, Adding $25.1 Million to Backlog
Italian energy giant Eni has exercised an option to extend the contract for Ventura Offshore's semisubmersible rig SSV Catarina in Indonesia. The extension adds approximately $25.1 million to the company's firm backlog and keeps the rig utilized into the fourth quarter of 2026.
Commodities Mercuria and Eni Form 50:50 Joint Venture for Global Energy Trading
Swiss commodities trader Mercuria and Italian energy major Eni have agreed to create a 50:50 joint venture for global energy trading. The independent venture will cover oil, biofuels, gas, LNG, and related logistics, marking Eni's return to the trading business after stepping back in 2019. No financial details were disclosed.
Commodities Conrad Secures Jackup Rig for Indonesian Gas Field Development
Conrad Asia Energy has secured a jackup drilling rig from Pertamina Drilling for the Mako Gas Field in Indonesia. This move marks a significant step in the development of the Duyung PSC, with drilling expected to commence in 2027.