SOCAR Ventures into Africa through Baleine Deal with Eni [Yahoo! Finance]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Yahoo! Finance
a 10 percent stake in the producing Baleine field offshore Côte d'Ivoire from operator Eni SpA, the companies said Thursday. "This transaction represents SOCAR's entry to Africa's vast oil and gas resources and aligns strategically with SOCAR's global expansion vision", SOCAR said in a statement on its website. Currently Italy's state-controlled energy major Eni owns 47.2 percent stake in Baleine, to be reduced to 37.2 percent after the completion of the sale to SOCAR. Global energy trader Vitol Group owns 30 percent, acquired from Eni last year. Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire has 22.75 percent. "The transaction aligns with Eni's strategy of optimizing its upstream portfolio by accelerating the monetization of exploration discoveries through the divestment of equity stakes, a model known as the dual exploration model", Eni said separately. SOCAR noted, "Baleine is considered one of the largest oil and gas discoveries made in West Africa in recen
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E
News
- ENI (NYSE:E) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- ENI (NYSE:E) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=E&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from a "buy"MarketBeat
- ENI (NYSE:E) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- Eni Spins Off Europe, Mideast Refineries [Yahoo! Finance]Yahoo! Finance
- 3 European Dividend Stocks Yielding Up To 6% [Yahoo! Finance]Yahoo! Finance
E
Sec Filings
- 1/28/26 - Form 6-K
- 1/21/26 - Form 6-K
- 1/14/26 - Form 6-K
- E's page on the SEC website