Eni to Issue New Fixed Rate Bonds
Eni intends to place new fixed rate bonds with a 4-year and 10-year maturity (the “Bonds”), under its existing Euro Medium Term Note Program.
News / International
TotalEnergies Launches Its Largest Battery Energy Storage Project in Europe
In a new step in TotalEnergies' development of battery energy storage systems (BESS), TotalEnergies has launched a battery farm project for energy storage with a power rating of 25 MW and capacity of 75 MWh in Belgium, Total's Antwerp refinery. Total will start installing the battery by the end of 2024, to help meet the European and Belgian high-voltage transmission network 24/7.
Eni Launches First Tranche of Share Buyback Program
Following its authorization granted by the Ordinary and Extraordinary Shareholders’ Meeting, Eni declared that the first tranche of the share buyback program, which will concern up to a maximum of 62 million of Eni’s shares (approximately 2% of share capital), will be launched in the next days.
Iran, Iraq Oil Ink Energy Cooperation MoU
Iran, Iraq signed a memorandum of understanding (MoU) to cooperate in oil, gas, and petrochemical projects.
ADNOC, Baker Hughes Ink Strategic Agreement to Advance Hydrogen Technology Innovation
ADNOC signed a strategic technology collaboration agreement with Baker Hughes to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene.
Aramco’s Cash Flow from Operating Activities Reached $39.6B in Q1 2023
Aramco announced a net income of $31.9 billion in Q1 2023 and a strong cash flow from operating activities of $39.6 billion as well as a free cash flow of $30.9 billion.
Eni Partners with Kraken to Support the Growth of its International Retail Energy Business
Eni partners with Kraken over a strategic partnership that will Eni progressively adopt Kraken platform in the countries where the company operates its international retail energy business, which currently counts around 2 million customers in France, Greece, Slovenia, Spain and Portugal.
Japan’s Osaka Anticipates Profit Jump in FY2023/2024 After Freeport LNG Resumption
Osaka, the Japanese gas company based in Osaka, anticipated that after the resumption of Freeport LNG's export plant, which was shut down after a fire in June 2022, its net profit will double to 116 billion yen ($859 million) in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.
TotalEnergies Acquires Spain’s Iber Resinas
TotalEnergies acquired Iber Resinas, a Spain-based company specialized in the mechanical recycling of plastics for sustainable applications.
Iraq to Announce El-Faw Refinery Oil Project Agreement
Iraq, OPEC's second largest oil producer, is planning to launch an investment project in the Southern Faw Peninsula, which is “El-Faw” oil refinery with a production capacity of 300,000 barrels per day, Attaqa reported.
