Eni, Malaysia's Petronas form Southeast Asia upstream JV targeting $15B investment

7 hours ago 1
ENI fuel and gas station. Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. MAN truck with the ENI logo.

Aliaksandr Litviniuk/iStock Editorial via Getty Images

Eni (E) said Monday it signed a binding agreement with Malaysia's Petronas to combine their respective upstream oil and gas assets in Indonesia and Malaysia in a new 50-50 joint venture to operate as a financially self-sufficient entity, expected

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