Eni Launches Versalis Oilfield Solutions to Boost Drilling Services
The spin-off marks a strategic move by Eni to bolster its position in the oilfield services sector. The new company integrates key expertise in R&D, tailored chemical formulations, outsourced production, and marketing of solvents and additives specifically designed for the oil drilling industry. Additionally, Versalis Oilfield Solutions will provide technical support, sales, and after-sales services, ensuring a robust and responsive offering to clients worldwide.
Originally launched in 2010, the Oilfield Chemicals business has grown steadily (in terms of both volume and value). With the establishment of this entity, Eni aims to expand product and service offerings, diversify customer base and unlock new revenue streams — all while enhancing profitability and sustainability in line with the energy transition.
Versalis Oilfield Solutions is now fully operational, with a global footprint spanning Europe, the Americas (including the USA, Mexico, and Venezuela), Africa (including Angola, Mozambique, the Democratic Republic of the Congo, Ghana, and Côte d'Ivoire, and Asia (China and Turkmenistan). The company is positioned to deliver advanced technical support and tailor-made solutions to a broad client base across these regions.
The newly formed company benefits from a dedicated management team led by chairman and CEO Sergio Lombardini. Its strategic focus lies in boosting operational efficiency, enhancing commercial and technological performance, and developing sustainable solutions for oilfield applications.
By consolidating operations into a leaner and more agile structure, Eni is reinforcing its commitment to meet evolving market demands and support oil industry players with cutting-edge, environmentally responsible technologies.
E currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector may look at a few better-ranked stocks like Subsea 7 S.A. SUBCY, W&T Offshore, Inc. WTI and Oceaneering International, Inc. OII. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while W&T Offshore and Oceaneering International carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here.
Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore.
The Zacks Consensus Estimate for SUBCY's 2025 EPS is pegged at $1.31. The company has a Value Score of A.
W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company's acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.
Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. With a geographically diverse asset portfolio and a balanced revenue mix between domestic and international operations, the company effectively mitigates risk. As a leading provider of offshore equipment and technology solutions to the energy sector, OII benefits from strong relationships with top-tier customers, ensuring revenue visibility and business stability.
The Zacks Consensus Estimate for OII's 2025 EPS is pegged at $1.79. The company has a Value Score of B.
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Eni SpA (E) : Free Stock Analysis Report
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