Italian energy company Eni said Friday it was expecting a 4 percent increase in oil and gas production from 2017 driven by gains across its entire portfolio. Assuming the price for Brent crude oil at $60 per barrel, Eni said it expects to produce on average 1.9 million barrels of oil equivalent per day this year, a 4 percent increase from last year. Growth would be derived from new startups from last year and support from the giant Kashagan oil field off the coast of Kazakhstan and the Goliat field in Norway. Claudio Descalzi, the company’s CEO, said the second quarter was a record-setter for Eni. “In the context of a 38 percent rise in the price of Brent, Eni reported […]