Eni history

Starting in 1954, Eni acquired extensive exploration rights in North Africa, signing an agreement with the Egyptian government led by Nasser while providing an active and equal role for the crude producing countries through the establishment of joint ventures.

A new logotype was designed for AGIP and from 1956 it was coupled to the dog that was henceforth to change from being a brand logo to being a corporate trade-mark.

In 1957, Agip Mineraria's Saip subsidiary was merged with Snam Montaggi to create Saipem.

In 1959 a joint venture with the United States chemicals firm Phillips Carbon Black expanded the Ravenna operations to include production of carbon black.

The Nuovo Pignone manufacturing company carried out an expansion in southern Italy with construction of Pignone Sud in 1960.

In 1961 the group boasted total assets of ITL 955 billion and operated as one of the top international companies in hydrocarbons.

On 27 October 1962, Enrico Mattei's airplane mysteriously exploded near Bascapè, on his way to Milan from Catania.

In 1963, Eni acquired a majority stake in Italgas.

Eni has been present in the United Kingdom since 1964.

Eni has been present in the United States since 1966 and holds several mineral rights in the Gulf of Mexico.

In 1967 Eni acquired Italgas.

The formation of OPEC and the issuing of its Declaration of Member Countries' Petroleum Policy in 1968 marked the emergence of oil producing states as a decisive force in the world economy.

In 1969 the Biafran secession disrupted Agip refining activities in Nigeria.

Reports of a plot against ENI's entrepreneur-hero went unproven but provided the basis for several books and a 1970 feature movie, Il Caso Mattei.

In its first restyling by the Unimark design studio in 1972, it was confirmed as the company trade-mark but the dog was given a more geometric appearance.

In 1973, following the Yom Kippur War, crude prices tripled.

In 1974, Eni signed an agreement with the Libyan government, followed by additional agreements with Egypt, Nigeria and Tunisia.

Eni has been present in Angola since 1980.

Eni has been present in Algeria since 1981.

In 1988 a second restyling was commissioned by "AGIP SpA". The Chisesi design studio set out to strengthen corporate identity by rationalising its image.

The new company, Enimont, was formed early in 1989, with 40 percent owned by ENI, 40 percent by Montedison, and the remaining 20 percent to be traded publicly.

Sales continued to increase in most sectors at the end of 1990, with higher oil prices pushing up profits in the energy sector.

190 of August 13, 1992). The shareholders' meeting of August 7, 1992 resolved that the company be called Eni S.p.A. Eni is registered at the Companies Register of Rome, register tax identification number 00484960588, VAT number 00905811006, R.E.A. Rome no.

The first tranche of the company's shares was listed on the Borsa Italiana and the New York Stock Exchange in 1995.

Agip SpA was merged into Eni S.p.A. effective as of January 1, 1997; Eni now conducts its exploration and production activities through its Agip division and certain operating subsidiaries.

As the price of oil collapsed in 1998 as other major companies Eni got to turn into a race through merges, international acquisitions, new explorations and the foundation of real super-companies.

Sales of petrochemical products (5,233,000 tons) decreased by 383,000 tons, down 6.8% over 2000, due to:

In 2001 the development of the natural gas project at Oued Zar (Eni's interest 50%) was completed and allowed to double natural gas daily production to 17.4 mcf (8.

On February 1, 2002 (effective date of the merger) the new Gas and Power Division of Eni, which is entrusted with managing natural gas and electricity generation activities in Italy and outside Italy, became operational.

During a restructuring of the Eni Group in 2003, the legal form of Agip Deutschland AG (a public limited company) was converted into a GmbH (limited liability company).

In 2004, the company announced its plan to put its entire Polimeri Europe petrochemicals business up for sale.

According to management's plans, work is expected to be completed by the end of 2005 and with this initiative Eni's share of the total gas reserves committed to the liquefaction plant amounts to 1,554 billion cubic feet.

The Exploration & Production division produces some 1.6 million barrels of oil equivalent (boe) per day and expects to top 1.8 million boe by 2006.

In 2007, Eni signed an agreement to conduct South Stream a feasibility study with Gazprom to import Russian gas into Europe across the Black Sea.

Eni's imported natural gas supply contracts, which generally have a term of 20-25 years and include take-or-pay provisions, will cover about 66 billion cubic meters of natural gas per year from 2008 onwards (Russia 28.5 billion, Algeria 21.5 billion, the Netherlands 10 billion, Norway 6 billion).

Activist asset manager Knight Vinke, which owns 1% of the outstanding shares of the company, in October 2009 has begun pressing Eni’s management to operate a spin off of Eni’s gas activities.

Management believes that most of this increase will concern natural gas used in electricity generation, which is expected to double by 2010 because of the use of natural gas in combined cycle plants, thanks to its lower investment cost, higher yields and reduced emissions as compared to other fuels.

Since 2012, Eni has been selling off refining and marketing assets it owned in eastern Europe to increase profitability.

By 2013 Eni already reduced its refining capacity by 13 percent.

In May 2014 Eni agreed to sell their 32.5% share in Česká rafinerská a.s. (CRC), a refining company in Czech Republic, to MOL Group of Hungary.

In August 2015, Eni announced the discovery of a huge gasfield off the coast of Egypt.

In January 2018, Eni launched its new HPC4 supercomputer, one of the most powerful computing systems which allows a more effective and fast exploration of oil and gas reservoirs.

Since February 2020 Eni replaced the HPC4 supercomputer with the new model HPC5, which has three times the computing ability compared to the previous one.