Eni & Shell plc

Eni: Eni also confirmed FID for Cronos, underscoring activity in Cyprus offshore gas, but is not a party to the Shell-MOL transaction.

Shell plc: Shell is the seller, divesting its 35% Aphrodite stake via BG Cyprus for up to USD 720 million, aligning with its strategy to focus on integrated LNG. The sale captures value and simplifies its portfolio.

Eni: Eni, through its subsidiary Nigerian_Agip_Exploration_Limited, is one of the companies designated to manage the split assets of OPL 245. The lawsuit by Malabu Oil and Gas challenges the legality of this arrangement, potentially affecting Eni's operational plans for the block.

Shell plc: Shell plc, through its subsidiaries Shell_Nigeria_Ultra-Deep_Limited and Shell_Nigeria_Exploration_Production_Company_Ltd, is one of the companies designated to manage the split assets of OPL 245. The lawsuit by Malabu Oil and Gas challenges the legality of this arrangement, potentially affecting Shell plc's operational plans for the block.

Eni: Eni is a partner in Argentina LNG, a related XRG project, but is not directly involved in the Loran licence.

Shell plc: Shell operates the adjacent Loran Manatee field and holds the Loran Phase 1 licence, making it a key partner in the broader development.

Eni: Eni, an Italy-based company, is among the companies slated to attend the meeting, indicating potential interest in Venezuelan oil projects.

Shell plc: Shell plc is among the companies slated to attend the meeting, indicating potential interest in Venezuelan oil projects.

Eni: Eni is also seeking to sell its 5% stake in the Nigerian oil asset, indicating a broader trend of international companies divesting from the region.

Shell plc: Shell plc previously operated the SPDC asset and has divested its stake due to oil spills and theft, even loaning funds to the buyer to complete the sale.

Eni: Eni, an Italy-based company, was among the companies invited to the White House meeting to discuss potential investments in Venezuela's oil industry.

Shell plc: Shell plc was among the companies invited to the White House meeting to discuss potential investments in Venezuela's oil industry.