In a move aligned with its shift toward sustainable energy, Italian energy giant Eni has announced the completion of its $1 billion sale of the Nikaitchuq and Oooguruk offshore assets in Alaska to U.S.-based company Hilcorp. This sale is part of Eni’s ambitious plan to generate €8 billion in net proceeds from 2024 to 2027 by divesting upstream assets, reducing stakes in major exploration discoveries, and attracting new investors for low-carbon growth. The funds raised will support Eni’s commitment to expanding its low-carbon projects and reducing its reliance on traditional oil and gas resources.