E Aug 2024 30.000 call
- Zacks
Eni (E) Signs Deal to Divest Alaska Offshore Assets to Hilcorp
The divestment is part of Eni's (E) broader strategy to generate a net portfolio inflow of 8 billion euros between 2024 and 2027.
- Reuters
Eni agrees to sell upstream assets in Alaska to Hilcorp
ROME (Reuters) -Italy's Eni said on Thursday it had signed a binding agreement to sell its Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp. "This transaction is consistent with Eni's strategy focused on the rationalisation of the upstream activities by rebalancing its portfolio," the state-controlled group added in a statement. Under its business plan, Eni aims to raise 8 billion euros ($8.56 billion) in net proceeds in the 2024-2027 period by selling upstream assets, reducing ownership in its main exploration discoveries and tapping new investors to fund the growth of its low-carbon units.
- Zacks
Eni (E) CEO Confirms Enilive Stake Sale Completion by 2024 End
Eni's (E) CEO Claudio Descalzi confirms that the sale of a minority stake in Enilive is set to be closed by the end of 2024. This move aligns with Eni's strategy to create 'satellites' for its business units, attracting investments and driving growth.
