Italian major Eni has swooped for extensive acreage offshore the UAE’s Ras al-Khaimah emirate as it continues to rack up a sizeable Middle East portfolio. The company has capitalized on notable North African exploration successes to farm out stakes to fund a major Middle East expansion (MEES, 18 January).

Long a peripheral part of Eni’s portfolio with oil output of just 40,000 b/d in 2017 all from Iraq, the firm’s entry into two Abu Dhabi offshore concessions last year (...