There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Oct. 18.
"Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial daily Il Sole 24 Ore in an interview.
Asked about interest in Eni from France's Total, Descalzi said he did not know if the French major or other companies were interested in the company.
"For sure, nobody will be able to touch us without the green light from the Italian government," he said.
Eni is more than 30% owned by the Italian state.
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
QEP Energy Co., subsidiary of QEP Resources, retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.