Exploration Company of the Year, 2016: Eni

Eni has a glowing track record of discovering oil and gas, the most recent being a potentially significant gas field discovery in Baltim South West, offshore Egypt. Recently, the company has made a firm commitment to tackle climate change and has begun to integrate its current business with energy from renewable sources. The initiative to transition to a low-carbon commercial outfit – by combining renewables and natural gas – has been met with applause. Eni has already spent €500m on solar energy projects since 2013, and it plans to invest €1bn over the forthcoming three years in renewable energy projects and research, particularly in Italy, Pakistan and Egypt. One target is to bring 420 meg