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Eni Sees Kashagan Output Recovering to Expected Level From 2015

By Liam Moloney ROME--Eni SpA, Italy's biggest energy company by market value, Thursday said it expected the giant Kashagan field in Kazakhstan to recover production to the original expected level from 2015. The field's contribution to Eni's production for 2014 has been assumed to be marginal, the company said in a statement accompanying fourth-quarter results. Recovery activities are ongoing at Kashagan, it added. Output at Kashagan, which is one of the biggest oil finds in decades, was suspended in October at about 65,000 barrels of oil a day, only a few weeks after starting, after a series of natural gas leaks. No timing of its recommencement has been given. The consortium developing Kashagan, which includes Eni, Total SA, Royal Dutch Shell PLC and Exxon Mobil Corp., had said it planned to increase production to 370,000 barrels of oil a day in 2015. Write to Liam Moloney at liam.moloney@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/27/201616:52:00Big Oil Companies Stay Shy Despite Upswing in Prices
05/27/201611:36:03Statement of Changes in Beneficial Ownership (4)
05/26/201611:02:44Initial Statement of Beneficial Ownership (3)
05/26/201610:42:27Specialized Disclosure Report (sd)
05/26/201603:03:00Climate-Change Tests Voted Down -- WSJ
05/25/201619:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:02:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:00:00Exxon, Chevron Shareholders Reject Climate-Change Stress Tests
05/25/201616:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201613:07:00Angela Braly Elected to ExxonMobil Board
05/25/201610:50:00White House to Push Companies for More Disclosure on Greenhouse...
05/24/201615:46:56Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/23/201603:03:00Exxon Faces a Proxy-Access Vote -- WSJ
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/21/201606:00:00Exxon Faces Proxy Access Showdown, Again
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201623:40:00Oil Search in $2.2 Billion Deal to Buy InterOil
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/17/201612:30:00Plains All American, Employee Face Charges in Spill

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