Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Eni S.p.A.    ENI   IT0003132476

ENI S.P.A.

(ENI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Equinor fire shuts Europe's biggest methanol plant

12/02/2020 | 12:07pm EST
FILE PHOTO: Equinor's flag flutters next to the company's headquarters in Stavanger, Norway

OSLO (Reuters) - A fire at Norway's Tjeldbergodden industrial facility on Wednesday triggered an evacuation of staff and the shutdown of Europe's largest methanol plant and a gas processing terminal, state-controlled oil firm Equinor said.

A photo published by local newspaper Adresseavisen showed a large plume of black smoke rising from the plant, although the fire was put out after one hour, Equinor and the police said.

"There were about 30 people on site, but everybody was accounted for and no one was injuried," Equinor spokesman Morten Eek told Reuters.

The company later released a statement saying it was working to get an overview of the consequences and the cause of the fire.

The Tjeldbergodden facility consists of three plants; a methanol plant, where the fire broke out, a gas receiving terminal and an air separation plant.

Output at all three plants was shut, Equinor said.

The methanol plant accounts for more than 25% of European production and has an annual capacity of around 900,000 tonnes, according to Equinor data, and is owned by Equinor and ConocoPhillips.

This account for about 10% of European methanol consumption, Sparebank 1 Markets analyst Teodor Sveen-Nilsen said in a note to clients.

In December of 2018, a fire at the Tjeldbergodden facility closed down production for one month.

The gas terminal, which processes gas from the Heidrun offshore field, is owned by Equinor, Petoro, ConocoPhillips and Eni.

Production at the Heidrun field, which has the option to re-route gas to other processing facilities, was not affected, Equinor's spokesman said.

The site's air separation plant is owned by Equinor, Aga and ConocoPhillips.

In September, Equinor's Arctic Hammerfest liquefied natural gas (LNG) plant in northern Norway caught fire and will be shut for up to one year, the company has said.

(Writing by Terje Solsvik, editing by Gwladys Fouche and Elaine Hardcastle)

By Nerijus Adomaitis and Nora Buli


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CONOCOPHILLIPS -1.16% 42.69 Delayed Quote.6.75%
ENI S.P.A. -1.45% 8.542 Delayed Quote.-0.07%
EQUINOR ASA -1.57% 163 Real-time Quote.12.45%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
WTI -1.77% 52.063 Delayed Quote.10.00%
All news about ENI S.P.A.
01/21ENI S P A : HitecVision announces exclusive talks to buy Exxon's UK assets
RE
01/21ENI : Gets a Neutral rating from Jefferies
MD
01/21MARKET CHATTER : Italian Prosecutors Ask for JPMorgan Documents for Eni, Shell N..
MT
01/20Italy prosecutors ask for JPMorgan documents to be admitted in Eni, Shell Nig..
RE
01/20Italy's Antitrust Authority Fines Eni, Enel Over Billing Issues -- Update
DJ
01/20Italy's Antitrust Authority Fines Eni, Enel Over Billing Issues
DJ
01/19Eni's Majority-Owned Var Energi Wins 10 Exploration Licenses in Norway
DJ
01/19ENI S P A : Vår Energi has been awarded 10 new exploration licenses with 5 opera..
PU
01/19ENI : Financial Calendar 2021
PU
01/19ENI : Sell rating from Credit Suisse
MD
More news
Financials
Sales 2020 46 333 M 56 383 M 56 383 M
Net income 2020 -6 334 M -7 708 M -7 708 M
Net Debt 2020 19 355 M 23 553 M 23 553 M
P/E ratio 2020 -5,05x
Yield 2020 4,74%
Capitalization 30 517 M 37 148 M 37 136 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,88x
Nbr of Employees 32 053
Free-Float 66,7%
Chart ENI S.P.A.
Duration : Period :
Eni S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENI S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 9,49 €
Last Close Price 8,54 €
Spread / Highest target 63,9%
Spread / Average Target 11,1%
Spread / Lowest Target -31,5%
EPS Revisions
Managers and Directors
NameTitle
Claudio Descalzi Chief Executive Officer, Director & GM
Lucia Calvosa Chairman
Stefano Maione Chief Operations, Technology & Development Officer
Francesco Gattei Chief Financial Officer
Karina A. Litvack Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ENI S.P.A.-0.07%37 148
SAUDI ARABIAN OIL COMPANY-0.57%1 854 023
ROYAL DUTCH SHELL PLC10.09%148 507
TOTAL SE2.61%115 901
PETROCHINA COMPANY LIMITED5.42%111 311
GAZPROM1.01%67 668