eni spa-sponsored adr (E) Key Developments
Eni SpA Presents at Platts, Inc. - 4th Annual European Biofuels Seminar 2015, Apr-15-2015 09:10 AM
Apr 15 15
Eni SpA Presents at Platts, Inc. - 4th Annual European Biofuels Seminar 2015, Apr-15-2015 09:10 AM. Venue: President Wilson Hotel, 47, Quai Wilson, Geneva, 1211, Switzerland. Speakers: Giacomo Rispoli, Executive Vice President - Refining & Marketing and Chemicals.
Eni SpA Announces Consolidated and Parent Earnings Results for the Full Year Ended December 31, 2014
Apr 1 15
Eni SpA announced consolidated and parent earnings results for the full year ended December 31, 2014. For the period, on consolidated basis, the company reported net sales from operations were EUR 114,697 million compared to EUR 109,847 million a year ago. Operating profit was EUR 8,888 million compared to EUR 7,917 million a year ago. Profit before income tax was EUR 13,964 million compared to EUR 7,342 million a year ago. Net profit attributable to shareholders was EUR 5,160 million or EUR 1.42 per diluted share compared to EUR 1,291 million or EUR 0.36 per diluted share a year ago. Net cash provided from operating activities was EUR 11,026 million compared to EUR 15,110 million a year ago. Investing in tangible assets was EUR 10,913 million compared to EUR 10,685 million a year ago. Investing in intangible assets was EUR 1,887 million compared to EUR 1,555 million a year ago.
For the period, on parent basis, the company reported net sales from operations were EUR 48,018 million compared to EUR 42,350 million a year ago. Operating profit was EUR 3,333 million compared to EUR 1,485 million a year ago. Profit before income tax was EUR 4,598 million compared to EUR 3,899 million a year ago. Net profit was EUR 4,414 million compared to EUR 4,455 million a year ago.
Eni Expands Presence in Myanmar
Apr 1 15
Eni has signed agreements for two blocks offshore Myanmar, expanding its presence in the country and in the process becoming one of the large operators involved in exploration activities in Myanmar. The award to Eni is part of a string of deals that Myanmar has inked with Western companies, including Chevron and BG. Eni signed two production sharing contracts (PSCs). One was for MD-02, located in the southern part of the Bay of Bengal, and the other for MD-04, located in the Moattama-South Andaman Basin, approximately 230 km from the coast. The agreement is a joint venture between Eni, the operator, with an 80% participating interest, and Petrovietnam with 20%.
Eni SpA Denies Sale Of Stake
Mar 17 15
Eni SpA (BIT:ENI)has denied sale of stake. “There are currently no plans to float a stake of fuels giant ENI on the market,” the economy ministry clarified on March 17, 2015 after Deputy Industry Minister Claudio De Vincenti made a misunderstood statement.
Eni Signs $5 Billion Heads of Agreement with Egypt
Mar 14 15
The Egyptian Ministry of Petroleum and Mineral Resources signed with Eni a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni's investments. The Head of Agreement envisages investments of an estimate $5 billion dollars of total value and was signed within the framework of Egyptian Economic Development Conference (EEDC) aimed at boosting foreign investments in the Country. The investments, which will be utilized through the realization of projects to be implemented in the next 4 years, are directed to the development of 200 million barrels of oil and 1.3 TCF of gas. These investments will also contribute effectively to the increasing energy needs of local demand. The Head of Agreement sets the basis for the improvement of some contractual parameters, including the application of a new gas price where necessary, as well as the extensions of some permits in order to ensure adequate levels of profitability to some of Eni's initiatives in the Country like those in the Gulf of Suez, in the Western desert and in the Mediterranean offshore. The realization of these initiatives by Eni, is subject to the appropriate assessment of technical and economic feasibility from both parties.