Eni's Deepwater Dive in Uruguay

Eni, an Italian energy giant, is set to acquire a 50% stake in Uruguays Block OFF-five, a frontier area with potential for substantial petroleum reserves. This move, in partnership with YPF, marks Enis entry into the South American energy market and their commitment to leveraging advanced technology for exploration. The deal, if approved, would provide Eni with a strategic foothold in a promising yet underexplored Atlantic play, while strengthening their alliance with YPF.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.