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https://www.marketscreener.com/news/chevron-keo-capital-eni-and-primavera-to-sign-energy-pacts-in-venezuela-soon-sources-say-ce7858d2d18af02d
Read original at benzingaHF Sinclair (DINO) plans to spin off its Lubricants & Specialties division into an independent public company by late 2027, aiming to reduce capital competition and improve strategic focus on core refining, midstream, and renewables businesses. The separation includes retiring the Mississauga refinery and shifting to a capital-light lubricants model. Meanwhile, energy majors Eni and Shell are simplifying portfolios through asset sales and restructuring to unlock value and improve capital allocation.
Read original at zacks-investment-researchEni has signed agreements to expand its presence in Uruguay's offshore exploration sector. The Italian energy company will operate the OFF-5 block with MIWEN (YPF subsidiary) holding 50%, and will acquire a 40% stake in the neighboring OFF-6 block operated by APA Corporation. Eni will fund a significant portion of an initial exploration well scheduled for 2027. These moves strengthen Eni's position in Latin America and diversify its upstream operations.
Read original at zacks-investment-research