Italian oil and gas company ENI owns the Blacktip gas project and has interests in Bayu Undan, Darwin LNG, Evans Shoal gas field and the shuttered Woolybutt oil field. In 2020 it announced a plan to sell all its Australian assets.
Carbon capture and storage
Santos and ENI are looking for solutions for CO2 and removing old facilities in the waters north of Darwin. Time will tell if the problems are solved or just delayed.
Decommissioning
ENI's plan to sell out of Australia and leave offshore decommissioning liabilities to others has struck trouble from regulator NOPSEMA and new Government policy proposals.
Safety
An eight year wait for ENI's Woollybutt oil field to be decommissioned and poor maintenance have caused subsea kit to surface and pose a danger to vessels.