Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits [Yahoo! Finance Canada]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Yahoo! Finance Canada
CABIMAS, Venezuela, Feb 19 (Reuters) - In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela's oil-producing region of Lake Maracaibo. The passage of the big old rig named Alula just inches below the bridge connecting Maracaibo city with the oilfields of the lake's eastern coast stirred excitement among residents and workers: they had not seen any new drilling equipment arrive for years due to U.S. sanctions. The rig hit an oil pipeline as it passed through the lake and over the metallic spaghetti of 20,000 kilometers of pipes beneath the waters. Crude leaked for months before repairs could be made and the rig installed at the polluted lake late last year. The crude production increase has been small ?since then. The story of the Alula is a cautionary tale for the foreign energy companies such as U.S. oil major Chevron that are looking to quickly expand in Venezuela and take on the short-term projects needed to boost the country
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News
- ENI (NYSE:E) was upgraded by analysts at Erste Group Bank AG to a "strong-buy" rating.MarketBeat
- Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits [BNN Bloomberg (Canada)]BNN Bloomberg
- Anaergia, Eni and CREvolution Unveil Breakthrough Platform to Scale Demand for Biodiesel and SAFBusiness Wire
- ENI (NYSE:E) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- SOCAR Ventures into Africa through Baleine Deal with Eni [Yahoo! Finance]Yahoo! Finance
E
Sec Filings
- 2/18/26 - Form 6-K
- 2/11/26 - Form 6-K
- 2/4/26 - Form 6-K
- E's page on the SEC website