Italian oil company Eni sells UK upstream assets to Ithaca Energy, acquiring a 38.7% stake.

Italian oil company Eni has finalized the sale of its UK upstream assets, excluding certain areas, to Ithaca Energy, gaining a 38.7% stake in the company. Announced in April 2024, this merger enhances Eni's position on the UK Continental Shelf and creates a significant independent oil and gas entity. The combined company aims to support UK energy security and decarbonization efforts while maximizing sustainable shareholder value.

October 03, 2024
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