pcloudyn.png
Sunday December 8th, 2019 6:18PM

Italy's ENI targets 3.5 percent production growth a year

By The Associated Press

MILAN (AP) — Italian energy giant ENI says it will increase oil and gas production by 3.5 percent a year over its new 2019-2022 business plan, in line with the prior four years.

ENI CEO Claudio Descalzi said Friday that production growth would be supported by ramp-ups of existing projects and startups that target 2.5 million barrels of new resources from 140 new wells. Investment in exploration is forecast to reach 3.5 billion euros ($4 billion).

By 2022, 18 new startups will contribute 660,000 barrels of oil equivalent a day and the expansion of existing fields will reach 290,000 barrels of oil equivalent a day. More than a third of the new production will come from the Middle East, Norway and Mexico.

Descalzi said ENI's upstream business will be carbon neutral by 2030.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Industries, AP Business - Utilities
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Global condemnation, condolences after NZ mosque attack
World leaders expressed condolences and condemnation Friday following the deadly attacks on mosques in the New Zealand city of Christchurch, while Muslim leaders said the mass shooting was evidence of a rising tide of violent anti-Islam sentiment
7:24AM ( 13 minutes ago )
The Latest: Queen Elizabeth expresses condolences
Queen Elizabeth II has expressed her condolences to the people of New Zealand following the attacks on mosques in Christchurch
7:20AM ( 17 minutes ago )
The Latest: Senior imam says shooting come from hate speech
The grand imam of Egypt's Al-Azhar, the revered 1,000-year-old seat of Sunni learning, has condemned the mosque attacks in New Zealand, warning of the "grave consequences of hate speech."
7:17AM ( 20 minutes ago )
Associated Press (AP)
FAA's close ties to Boeing questioned after 2 deadly crashes
FAA's close ties to Boeing and other airplane makers comes under scrutiny after 2 deadly crashes overseas
6:58AM ( 40 minutes ago )
Tokyo's Olympics may become known as the "Robot Games"
Tokyo's Olympics may become known as the "Robot Games."
6:53AM ( 45 minutes ago )
Turkey's Erdogan condemns New Zealand mosque attack
Turkish President Recep Tayyip Erdogan has condemned the attacks on mosques in the New Zealand city of Christchurch calling it the "latest example of rising racism and Islamophobia."
6:36AM ( 1 hour ago )
AP Business
APNewsBreak: Feds to ease land restrictions across US West
The Trump administration is finalizing plans to ease restrictions on oil and natural gas drilling and other industry activities that are meant to protect an imperiled bird species that ranges across the American West
1:26AM ( 6 hours ago )
APNewsBreak: US easing land restrictions across US West
The Trump administration is finalizing plans to ease restrictions on oil and natural gas drilling and other industry activities that are meant to protect an imperiled bird species that ranges across the American West
10:09PM ( 9 hours ago )
Last remaining US diplomats leave Venezuela
Last remaining American diplomats in Venezuela leave the country as ties deteriorate
9:13PM ( 10 hours ago )
AP Business - Industries
France tries to contain fuel spill off Atlantic Coast
French authorities are working to contain a fuel spill off the Atlantic Coast after an Italian container ship sank following a fire.
6:44AM ( 1 day ago )
World stocks rise ahead of vote to push Brexit back
World stocks rise ahead of vote to delay Britain's exit from the EU
5:42AM ( 1 day ago )
Asian stocks mixed after Chinese industrial data disappoints
Asian stocks mixed after China says its industrial output grew at slowest pace in 17 years
3:09AM ( 1 day ago )
AP Business - Utilities
Global condemnation, condolences after NZ mosque attack
World leaders expressed condolences and condemnation Friday following the deadly attacks on mosques in the New Zealand city of Christchurch, while Muslim leaders said the mass shooting was evidence of a rising tide of violent anti-Islam sentiment
7:24AM ( 13 minutes ago )
The Latest: Queen Elizabeth expresses condolences
Queen Elizabeth II has expressed her condolences to the people of New Zealand following the attacks on mosques in Christchurch
7:20AM ( 18 minutes ago )
The Latest: Senior imam says shooting come from hate speech
The grand imam of Egypt's Al-Azhar, the revered 1,000-year-old seat of Sunni learning, has condemned the mosque attacks in New Zealand, warning of the "grave consequences of hate speech."
7:17AM ( 20 minutes ago )
Greece backs Bolivian leader's call for Venezuela dialogue
Greece's left-wing Prime Minister Alexis Tsipras is backing calls by Bolivia for a negotiated settlement to the severe political and financial crisis in Venezuela
7:16AM ( 21 minutes ago )
Facebook launches AI to find and remove 'revenge porn'
Facebook is rolling out technology to make it easier to find and remove intimate pictures and videos posted on its site without the subject's consent, often called "revenge porn."
7:14AM ( 23 minutes ago )