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Eni Secures Strategic CCUS Partnership With BlackRock-Owned GIP
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Key Takeaways
Eni sold a 49.99% stake in Eni CCUS Holding to BlackRock-owned GIP for co-control.
The unit includes projects in the UK, Netherlands, and Italy focused on CO2 storage.
GIP and Eni aim to accelerate CCUS deployment, highlighting a $100 trillion opportunity.
Eni S.p.A. (E - Free Report) has entered into a major partnership with Global Infrastructure Partners (“GIP”), a BlackRock-owned infrastructure investor, through an agreement granting GIP a 49.99% co-control stake in Eni CCUS Holding, per media reports. The move marks a significant step in scaling carbon capture, utilization, and storage (CCUS) solutions across Europe.
E Strengthens CCUS Portfolio With GIP Stake Sale
Eni CCUS currently includes cornerstone projects such as Liverpool Bay and Bacton in the UK, the L10 project in the Netherlands, and an option to participate in the Ravenna CCS project in Italy. These projects aim to decarbonize industrial clusters by capturing and permanently storing CO2 emissions. The agreement also grants Eni CCUS access to potential projects linked to Eni’s depleted oil and gas fields, subject to regulatory and market approvals.
GIP-Backed Partnership to Accelerate E’s Decarbonization Drive
Through the partnership, GIP will leverage its infrastructure and midstream expertise alongside Eni’s technical and operational know-how to accelerate CCUS deployment at scale. GIP highlighted that CCUS is central to meeting rising demand for affordable, low-carbon energy solutions, while Eni underscored the move as a way to attract strategic capital and boost long-term value creation.
E CEO Highlights Energy Transition Strategy
Claudio Descalzi, Eni’s CEO, noted that consolidating its global CCUS portfolio under one entity and bringing in GIP as a co-control partner reinforces Eni’s satellite model for energy transition businesses. According to Descalzi, this structure enhances growth prospects, drives emission reduction, and validates the attractiveness of Eni’s decarbonization platforms to external investors.
E Positions CCUS as Core to Industrial Decarbonization
Carbon capture and storage has emerged as a proven, scalable solution for decarbonizing heavy industries such as steel, cement, chemicals and power generation. By safely storing or repurposing CO???, CCUS enables energy-intensive sectors to align with climate targets while maintaining competitiveness and energy security.
E and GIP See CCUS as a $100 Trillion Investment Opportunity
GIP emphasized that the energy transition represents a generational investment opportunity, with over $100 trillion required globally. CCUS will play a critical role in this shift, and through the Eni-GIP partnership, both companies aim to unlock new projects and accelerate the deployment of energy transition infrastructure across multiple geographies.
E’s Zacks Rank and Other Key Picks
E currently carries a Zacks Rank #2 (Buy).
Investors interested in the energy sector may look at a couple of other top-ranked stocks like Antero Midstream Corporation (AM - Free Report) , Enbridge Inc. (ENB - Free Report) and Precision Drilling Corporation (PDS - Free Report) . While both Antero Midstream and Enbridge carry a Zacks Rank #2 at present, Precision Drilling sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream’s higher dividend yield compared to its sub-industry peers reflects its commitment to generating shareholder returns.
AM’s earnings beat estimates in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 1.13%.
Enbridge is a major energy company that owns the longest and most complex oil and gas pipeline system in North America, transporting about 20% of the natural gas used in the United States. The business earns steady fees through long-term contracts that act as a protection against big oil price swings or changes in shipment.
ENB’s earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 5.61%.
Precision Drilling is an oilfield services company. The company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, and procures and distributes oilfield supplies.
PDS’ earnings beat estimates in two of the trailing four quarters and missed in the other two, delivering an average surprise of 977.7%. The Zacks Consensus Estimate for 2025 earnings indicates a 14.2% year-over-year decline.
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Eni Secures Strategic CCUS Partnership With BlackRock-Owned GIP
Key Takeaways
Eni S.p.A. (E - Free Report) has entered into a major partnership with Global Infrastructure Partners (“GIP”), a BlackRock-owned infrastructure investor, through an agreement granting GIP a 49.99% co-control stake in Eni CCUS Holding, per media reports. The move marks a significant step in scaling carbon capture, utilization, and storage (CCUS) solutions across Europe.
E Strengthens CCUS Portfolio With GIP Stake Sale
Eni CCUS currently includes cornerstone projects such as Liverpool Bay and Bacton in the UK, the L10 project in the Netherlands, and an option to participate in the Ravenna CCS project in Italy. These projects aim to decarbonize industrial clusters by capturing and permanently storing CO2 emissions. The agreement also grants Eni CCUS access to potential projects linked to Eni’s depleted oil and gas fields, subject to regulatory and market approvals.
GIP-Backed Partnership to Accelerate E’s Decarbonization Drive
Through the partnership, GIP will leverage its infrastructure and midstream expertise alongside Eni’s technical and operational know-how to accelerate CCUS deployment at scale. GIP highlighted that CCUS is central to meeting rising demand for affordable, low-carbon energy solutions, while Eni underscored the move as a way to attract strategic capital and boost long-term value creation.
E CEO Highlights Energy Transition Strategy
Claudio Descalzi, Eni’s CEO, noted that consolidating its global CCUS portfolio under one entity and bringing in GIP as a co-control partner reinforces Eni’s satellite model for energy transition businesses. According to Descalzi, this structure enhances growth prospects, drives emission reduction, and validates the attractiveness of Eni’s decarbonization platforms to external investors.
E Positions CCUS as Core to Industrial Decarbonization
Carbon capture and storage has emerged as a proven, scalable solution for decarbonizing heavy industries such as steel, cement, chemicals and power generation. By safely storing or repurposing CO???, CCUS enables energy-intensive sectors to align with climate targets while maintaining competitiveness and energy security.
E and GIP See CCUS as a $100 Trillion Investment Opportunity
GIP emphasized that the energy transition represents a generational investment opportunity, with over $100 trillion required globally. CCUS will play a critical role in this shift, and through the Eni-GIP partnership, both companies aim to unlock new projects and accelerate the deployment of energy transition infrastructure across multiple geographies.
E’s Zacks Rank and Other Key Picks
E currently carries a Zacks Rank #2 (Buy).
Investors interested in the energy sector may look at a couple of other top-ranked stocks like Antero Midstream Corporation (AM - Free Report) , Enbridge Inc. (ENB - Free Report) and Precision Drilling Corporation (PDS - Free Report) . While both Antero Midstream and Enbridge carry a Zacks Rank #2 at present, Precision Drilling sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Midstream generates stable cash flow by providing midstream services under long-term contracts with Antero Resources. The company prioritizes debt reduction by effectively utilizing free cash flow after dividends. Antero Midstream’s higher dividend yield compared to its sub-industry peers reflects its commitment to generating shareholder returns.
AM’s earnings beat estimates in two of the trailing four quarters, met once and missed in the other, delivering an average surprise of 1.13%.
Enbridge is a major energy company that owns the longest and most complex oil and gas pipeline system in North America, transporting about 20% of the natural gas used in the United States. The business earns steady fees through long-term contracts that act as a protection against big oil price swings or changes in shipment.
ENB’s earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 5.61%.
Precision Drilling is an oilfield services company. The company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, and procures and distributes oilfield supplies.
PDS’ earnings beat estimates in two of the trailing four quarters and missed in the other two, delivering an average surprise of 977.7%. The Zacks Consensus Estimate for 2025 earnings indicates a 14.2% year-over-year decline.