Tag Archives: Italy

Covid-19 Is Reshaping Oil Industry

Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at $60 a barrel in 2023 real terms, down from a previous estimate of $70, the company said late …

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Italian Eni Mulls Exit from Pakistan after 20 Years

ENI, the Italian oil and exploration firm, is considering an exit from Pakistan after 20 years of its operations due to decline in profit margins associated with the volatile international oil prices since the coronavirus outbreak. A company official confirmed to The Express Tribune that the firm’s assets are up …

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Italy’s ENI Reaffirms Commitment to a Just Energy Transition

Italian energy major ENI published on May 13 the company’s sustainability report that describes its commitments in its Long-Term Strategic Plan to 2050, which combines financial, environmental and social sustainability. “The historical moment we are going through poses complex challenges on our path, but we are certain that these difficulties …

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