E's upstream merger with Ithaca Energy creates a major player in the North Sea, setting the stage for substantial oil and gas production and UK energy security.
Eni S.p.A. (NYSE:E) shares are trading lower on Thursday. The company disclosed the completion of its asset combination in the U.K., merging nearly all upstream assets, except for those in the East Irish Sea and CCUS activities, with Ithaca Energy plc. This combination is financed by issuing new ordinary shares to Eni UK, representing about 38.7% of Ithaca’s enlarged issued share capital. As earlier stated, the deal reinforces Eni’s commitment to growth in the UK Continental Shelf (UKCS) followi
E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.