Eni upbeat on gas business' 'profitability shift' - Upstream Online
Eni upbeat on gas business' 'profitability shift' | Upstream Online
Italian major Eni struck an upbeat note on the outlook for its gas business, boosting its profit guidance for the division and predicting a tail-wind effect from the takeover of Neptune Energy’s and Chevron’s gas assets.
Eni upbeat on gas business' 'profitability shift'
Neptune and Chevron asset takeover to add ‘materiality’ to fast-expanding division
28 July 2023 13:20 GMT Updated 28 July 2023 13:20 GMT
By
in London
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.