September 25, 2016 8:57 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Eni SpA

Company Overview

Eni SpA engages in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction, and engineering industries. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Russia, Algeria, Australia, Venezuela, Iraq, Ghana, and Mozambique. It also supplies, trades, and markets gas and electricity; transports international gas; supplies crude oil; and refines and markets petroleum products at retail and wholesale markets primarily...

Piazzale Enrico Mattei 1

Rome, RM 00144

Italy

Founded in 1953

33,882 Employees

Phone:

39 06 59821

Fax:

39 06 59 82 21 41

Key Executives for Eni SpA

Chief Executive Officer, General Manager and Director
Age: 61
Total Annual Compensation: €2.4M
Compensation as of Fiscal Year 2015.

Eni SpA Key Developments

Eni SpA and Sonatrach to Start Algerian Renewable Alliance with 10 Mw of PV

Eni SpA announced that it has partnered with government-owned sector company Sonatrach to develop renewable energy projects in Algeria, starting with a 10-MW solar park. The initial solar photovoltaic (PV) power facility will be built in the Bir Rebaa North (BRN) oil field. The pair expects to complete the plant by the end of 2016.

Eni SpA Resolves Interim Dividend for the fiscal year 2016, Payable on September 21, 2016; Announces Directors Changes

Eni SpA's board of directors resolved to distribute to shareholders an interim dividend for the fiscal year 2016 of EUR 0.40 per share, outstanding at the ex-dividend date as of September 19, 2016, payable on September 21, 2016. The company's Board of Directors appointed Diva Moriani as member of the Control and Risk Committee in place of Director Karina Litvack. Diva Moriani has experience in the area of accounting and finance and risk management. Director Moriani will leave the role of member of the Compensation Committee within the end of the year.

Eni Signs Concession Contract with Montenegro for Offshore Oil, Gas Exploration

Eni announced that it signed a concession contract with Montenegro for the exploration of four blocks of oil and gas offshore in partnership with Russian peer Novatek. The blocks, covering a total area of 1,228 square kilometers, have been awarded to the Italian-Russian consortium following an international tender. Each of the partners has 50% interest in the exploration licences. The entry into Montenegro's upstream is part of Eni's strategy aimed at strengthening the company's exploration portfolio in an area where Eni has been a leader in exploration and production activities since the early '60.

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