Eni’s nimble energy strategy evolves
Italian firm sharpens gas focus and ramps up E&P while pursuing satellite strategy
Italy's Eni is continuing the pivot it began in the wake of the outbreak of the war in Ukraine in early 2022. The company’s initial goal was to replace Russian gas volumes in Italy, and this has since evolved into a push for more exploration, coupled with strategic asset sales and underpinned by Eni’s satellite model. How successful the company’s approach proves will be seen over time, especially as the satellite model—which is based on creating separate entities that can access capital markets independently to finance their growth, according to Eni’s website—is still relatively new. On top of this, exploration comes with risk, especially in offshore areas, and success is not guaranteed. If
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
