Oando Plc has been named winner of the Domestic Impact Deal of the Year at the 2025 IFLR Africa Awards for its landmark $783 million acquisition of Nigerian Agip Oil Company, NAOC, from Italian energy ...

Share buybacks remain intact with CAPEX flexibility. Eni is progressing well with its satellite strategy. Vår Energi also increased its DPS year-on-year. Even with lower 2025 guidance ...

Eni SpA is discussing a potential valuation of as much as €13 billion ($14 billion) including debt for its Plenitude renewables arm as it gathers bids for a stake in the business, people ...

Eni, an Italian multinational oil company, generates strong cash flow from its global asset portfolio. Despite its robust financial performance, Eni remains an undervalued investment based on its ...

Italian energy giant Eni and its Malaysian counterpart Petronas are mulling forming a joint venture to oversee selected upstream assets in Malaysia and Indonesia. The duo on Thursday revealed they ...

Italian energy giant Eni has launched its €100 million HPC6 supercomputer. Supercomputers like Eni's, along with AI applications, are revolutionizing energy exploration. Other major companies ...

Italian firm Eni announced in Sept. 4 an agreement to sell a unit that has a 20% operating stake in four onshore oil and gas blocks. The deal doesn’t include NAOC’s 5% share of Shell Petroleum ...

The downsizing of Europe’s petrochemical sector continues, this time in Italy, where the energy firm Eni plans to shutter two ethylene crackers—in Brindisi and Priolo Gargallo—as part of an ...

NAOC had a contribution of 40,000 barrels of oil equivalent per day to Eni’s production, according to an Eni update of the transaction July 24, 2024. The NAOC joint venture portion of Oando’s ...

A Nigerian multinational energy company, Oando Plc, has acquired a 100 per cent shareholder interest in the Nigerian Agip Oil Company (NAOC) from Eni, an Italian energy company, for $783 million.

Analysts in the oil and gas sector have commended Oando’s acquisition of a 100 per cent stake in Nigerian Agip Oil Company Limited (NAOC Ltd), predicting it will significantly reshape Nigeria ...

NAOC currently contributes 40,000 barrels of oil equivalent per day to Eni’s production, according to Eni. NAOC is also a partner in the Okpai 1 and 2 power plants, which have a combined ...