Eni Exits Consortium for Oil and Gas Exploration Offshore Israel
Italian energy major Eni has opted to withdraw from a consortium bidding for new offshore natural gas exploration licenses in Israel. This decision suggests a strategic re-evaluation of its East Mediterranean portfolio, potentially signaling a shift towards concentrating capital on existing, more advanced development projects rather than pursuing new, early-stage exploration ventures in the region.
Offshore Engineer · March 27, 2026
Azule Energy offloads stakes in two blocks offshore Angola
Azule Energy, a joint venture between Eni and BP, is divesting its stakes in two offshore Angolan blocks. This move signals a potential shift in Azule Energy's strategy or portfolio optimization within the region.
Offshore Energy · March 27, 2026