Eni posts Q3 loss

Eni posts a Q3 loss

Eni of Italy reported an adjusted net loss of €0.29 billion in the third quarter of 2015, excluding the Saipem sale, down by €1.42 billion year on year. 

The company’s hydrocarbon production for the third quarter was up 8.1 percent to 1.703 million boe/d and up 8.7 percent in the nine months, according to the report.

FY 2015 production is now seen growing by about 9 percent, up from a prior guidance of more than 7 percent, the company said.

Claudio Descalzi, Eni’s Chief Executive Officer said,“we have increased our full year production guidance for the second time this year, almost doubling our original target. We have also more than doubled our resources target after discovering 1.2 billion barrels of new resources over the past nine months.”

The company recently said it will sell a 12.5 percent stake in oil and gas contractor Saipem to Fondo Strategico Italiano with net proceeds expected to be approximately €5.4 billion.

LNG World News Staff; Image: Eni

Share this article

Follow LNG World News

Posted on October 29, 2015 with tags .

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >