Latest news with #ClaudioDescalzi
Libya Observer
07-05-2025
- Business
- Libya Observer
Dbeibah reviews progress of Eni energy projects
Prime Minister Abdulhamid Dbeibah has met with Eni's CEO Claudio Descalzi in Tripoli to review the Italian energy company's ongoing projects in Libya's gas and energy sector. The meeting, held at the prime minister's office, was also attended by Oil and Gas Minister Khalifa Abdul-Sadiq and National Oil Corporation chairman Masoud Suleiman. According to the Government of National Unity media platform 'Hakomitna,' the discussions focused on three strategic projects launched in 2023. These include a gas compression facility in the Sabratha field—due for completion by the end of this year—and a project to harness gas from the Bouri field, expected to be operational by 2026. The officials also reviewed infrastructure work underway at the Bahr Essalam field, where drilling began in April, and discussed ongoing exploration efforts and new licensing opportunities. Both sides emphasized the importance of boosting gas production, reducing emissions, building local capacity, and promoting technology exchange. Eni, which has operated in Libya since 1959 through a joint venture with the National Oil Corporation, remains the country's largest international gas producer, averaging 176,000 barrels of oil equivalent per day in 2024. Tags: ENI Abdul-Hamid Dbeibah
Wales Online
24-04-2025
- Business
- Wales Online
2,000 job carbon capture project off North Wales coast gets financial backing
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Eni has announced it has reached a financial deal with UK Government on a carbon capture scheme under the sea off North Wales. Eni is the operator of the CO2 transport and storage system of the HyNet industrial Cluster, which aims take carbon dioxide (CO2) and store it in depleted gas fields under Liverpool Bay. The financial close with the government allows the Liverpool Bay CCS (Carbon Capture and Storage) project to move into the construction phase. Backers say the project will support the UK's industrial competitiveness for the long term, by safeguarding existing industrial employment and creating new production chains and jobs. They added that the construction phase alone is estimated to employ around 2,000 people. This significant milestone follows the UK Government's funding allocation of £21.7 billion to be invested over a 25-year period across the first two CCS Clusters in the country. It will see a pipeline built across Cheshire and north east Wales - linking Stanlow to Point of Ayr in Flintshire. From there the CO2 will be pumped into the seabed. (Image: ©2007) UK Secretary of State for Energy Security and Net Zero, Ed Miliband, said: 'Today we keep our promise to launch a whole new clean energy industry for our country - carbon capture and storage - to deliver thousands of highly skilled jobs and revitalise our industrial communities. "This investment from our partnership with Eni is government working together with industry to kickstart growth and back engineers, welders and electricians through our mission to become a clean energy superpower. We are making the UK energy secure so we can protect families and businesses and drive jobs through our Plan for Change.' Eni CEO Claudio Descalzi said: "The strategic agreement with the UK Government paves the way for the industrial-scale development of CCS, a sector in which the United Kingdom reaffirms its leadership thanks to the promotion of a regulatory framework that aims to strengthen the development of CCS and make it fully competitive in the market. "Eni has established itself as a leading operator in the UK thanks to its key role in CO2 transport and storage activities as the leader of the HyNet Consortium, which will become one of the first low-carbon clusters in the world. CCS will play a crucial role in tackling the decarbonisation challenge by safely eliminating CO2 emissions from industries that currently do not have equally efficient and effective solutions. Eni confirms its position at the forefront in the creation of this new, highly sustainable business linked to the energy transition." The Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport carbon dioxide from capture plants across the North West of England and North Wales. The project foresees the efficient repurposing of part of the offshore platforms as well as 149km of onshore and offshore pipelines, and the construction of 35km of new pipelines to connect industrial emitters to the Liverpool Bay CCS network. They say it will significantly contribute to the reduction of emissions from a wide range of industries across the North West of England and North Wales. This includes companies involved in cement manufacturing, energy from waste plants, low-carbon hydrogen production, as well as additional industrial players who will connect to Eni's infrastructure. With a storage capacity of 4.5 million tonnes of CO2 per year in the first phase, and the potential to increase to 10 million tonnes of CO2 per year in the 2030s, Eni's CO2 T&S system will make a significant contribution towards achieving the UK's CCS ambitions. Construction of the project is expected to commence this year, ready for planned start-up in 2028, in line with industrial emitters in the HyNet Cluster. Join the North Wales Live Whatsapp community now
North Wales Live
24-04-2025
- Business
- North Wales Live
2,000 job carbon capture project off North Wales coast gets financial backing
Eni has announced it has reached a financial deal with UK Government on a carbon capture scheme under the sea off North Wales. Eni is the operator of the CO2 transport and storage system of the HyNet industrial Cluster, which aims take carbon dioxide (CO2) and store it in depleted gas fields under Liverpool Bay. The financial close with the government allows the Liverpool Bay CCS (Carbon Capture and Storage) project to move into the construction phase. Backers say the project will support the UK's industrial competitiveness for the long term, by safeguarding existing industrial employment and creating new production chains and jobs. They added that the construction phase alone is estimated to employ around 2,000 people. This significant milestone follows the UK Government's funding allocation of £21.7 billion to be invested over a 25-year period across the first two CCS Clusters in the country. It will see a pipeline built across Cheshire and north east Wales - linking Stanlow to Point of Ayr in Flintshire. From there the CO2 will be pumped into the seabed. UK Secretary of State for Energy Security and Net Zero, Ed Miliband, said: 'Today we keep our promise to launch a whole new clean energy industry for our country - carbon capture and storage - to deliver thousands of highly skilled jobs and revitalise our industrial communities. "This investment from our partnership with Eni is government working together with industry to kickstart growth and back engineers, welders and electricians through our mission to become a clean energy superpower. We are making the UK energy secure so we can protect families and businesses and drive jobs through our Plan for Change.' Eni CEO Claudio Descalzi said: "The strategic agreement with the UK Government paves the way for the industrial-scale development of CCS, a sector in which the United Kingdom reaffirms its leadership thanks to the promotion of a regulatory framework that aims to strengthen the development of CCS and make it fully competitive in the market. "Eni has established itself as a leading operator in the UK thanks to its key role in CO2 transport and storage activities as the leader of the HyNet Consortium, which will become one of the first low-carbon clusters in the world. CCS will play a crucial role in tackling the decarbonisation challenge by safely eliminating CO2 emissions from industries that currently do not have equally efficient and effective solutions. Eni confirms its position at the forefront in the creation of this new, highly sustainable business linked to the energy transition." The Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport carbon dioxide from capture plants across the North West of England and North Wales. The project foresees the efficient repurposing of part of the offshore platforms as well as 149km of onshore and offshore pipelines, and the construction of 35km of new pipelines to connect industrial emitters to the Liverpool Bay CCS network. They say it will significantly contribute to the reduction of emissions from a wide range of industries across the North West of England and North Wales. This includes companies involved in cement manufacturing, energy from waste plants, low-carbon hydrogen production, as well as additional industrial players who will connect to Eni's infrastructure. With a storage capacity of 4.5 million tonnes of CO2 per year in the first phase, and the potential to increase to 10 million tonnes of CO2 per year in the 2030s, Eni's CO2 T&S system will make a significant contribution towards achieving the UK's CCS ambitions. Construction of the project is expected to commence this year, ready for planned start-up in 2028, in line with industrial emitters in the HyNet Cluster.
Yahoo
15-04-2025
- Business
- Yahoo
Eni, YPF sign MOU for Argentina LNG project development
Eni has signed a memorandum of understanding (MOU) with YPF to explore potential participation in the Argentina LNG (liquefied natural gas) project. The MOU was signed by Eni's CEO, Claudio Descalzi, and YPF president and CEO Horacio Daniel Marín. Led by YPF, the initiative aims to tap the Vaca Muerta onshore gas field, with plans to export up to 30 million tonnes per year (mtpa) of LNG by the end of the decade. The MOU outlines collaboration on the development of upstream, transportation and liquefaction facilities through two floating LNG units with a combined capacity of 12mtpa. Descalzi stated: 'YPF's choice of Eni as a strategic partner stems from the specific and distinctive know-how we have developed in FLNG [floating LNG] projects in Congo and Mozambique, and from the recognition of our global leadership in implementing projects with this technology.' This agreement aligns with Eni's strategy to support the energy transition by enhancing gas production and minimising emissions, targeting carbon neutrality by 2050. Marín said: "We are very pleased to sign this agreement with Eni, which would allow us to accelerate the timeline for the Argentina LNG project. We see great interest worldwide, both from large production companies and from countries seeking to purchase gas from Vaca Muerta." Also, this month, Argentina has commenced gas exports to Brazil from the Vaca Muerta shale formation, using Bolivian pipelines. This involves a strategic partnership between TotalEnergies, YPFB and Matrix Energia, creating a sustainable export channel for Argentine gas to Brazilian markets. The initial export volume was approximately 500,000m³ through the Bolivian pipeline. "Eni, YPF sign MOU for Argentina LNG project development" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
09-04-2025
- Business
- Zawya
Egypt: Badawi reviews Eni's expansion plans, drilling program in Egypt
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi and Eni's CEO Claudio Descalzi discussed the company's expansion plans in Egypt and the 2025 drilling program, according to a statement. The two parties addressed the drilling of the second well at the Zohr field and the development plans for the Nour and Narges fields. This came on the sidelines of the 17th edition of the OMC Med Energy Conference and Exhibition 2025 that is being held in Ravenna, Italy. Badawi and Descalzi touched upon the commercial deals related to Cyprus's Cronos field, reflecting on the regulation of connection, transportation, processing, liquefaction, and export processes. Moreover, they reviewed the status of technical studies and the project's timeline, following the signing of the host government agreement (HGA) to develop the Cronos gas field using Egyptian facilities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
