Eni Launches Versalis Oilfield Solutions to Boost Drilling Services

Eni S.p.A’s E chemical arm, Versalis, has officially launched Versalis Oilfield Solutions S.r.l., a dedicated subsidiary, to offer specialized products and services for the global oil drilling industry. Effective July 1, 2025, the newly formed entity will consolidate Versalis’ Oilfield Chemicals business unit into a standalone company, sharpening its operational focus and accelerating growth in a high-value-added segment.E’s Versalis to Drive Sector-Specific InnovationThe spin-off marks a strategic move by Eni to bolster its position in the oilfield services sector. The new company integrates key expertise in R&D, tailored chemical formulations, outsourced production, and marketing of solvents and additives specifically designed for the oil drilling industry. Additionally, Versalis Oilfield Solutions will provide technical support, sales, and after-sales services, ensuring a robust and responsive offering to clients worldwide.Originally launched in 2010, the Oilfield Chemicals business has grown steadily (in terms of both volume and value). With the establishment of this entity, Eni aims to expand product and service offerings, diversify customer base and unlock new revenue streams — all while enhancing profitability and sustainability in line with the energy transition.Versalis Oilfield Solutions is now fully operational, with a global footprint spanning Europe, the Americas (including the USA, Mexico, and Venezuela), Africa (including Angola, Mozambique, the Democratic Republic of the Congo, Ghana, and Côte d’Ivoire, and Asia (China and Turkmenistan). The company is positioned to deliver advanced technical support and tailor-made solutions to a broad client base across these regions.Driving Growth and SustainabilityThe newly formed company benefits from a dedicated management team led by chairman and CEO Sergio Lombardini. Its strategic focus lies in boosting operational efficiency, enhancing commercial and technological performance, and developing sustainable solutions for oilfield applications.By consolidating operations into a leaner and more agile structure, Eni is reinforcing its commitment to meet evolving market demands and support oil industry players with cutting-edge, environmentally responsible technologies.E’s Zacks Rank & Key PicksE currently carries a Zack Rank #3 (Hold).Investors interested in the energy sector may look at a few better-ranked stocks like Subsea 7 S.A. SUBCY, W&T Offshore, Inc. WTI and Oceaneering International, Inc. OII. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while W&T Offshore and Oceaneering International carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore.The Zacks Consensus Estimate for SUBCY’s 2025 EPS is pegged at $1.31. The company has a Value Score of A.W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. With a geographically diverse asset portfolio and a balanced revenue mix between domestic and international operations, the company effectively mitigates risk. As a leading provider of offshore equipment and technology solutions to the energy sector, OII benefits from strong relationships with top-tier customers, ensuring revenue visibility and business stability.The Zacks Consensus Estimate for OII’s 2025 EPS is pegged at $1.79. The company has a Value Score of B.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eni SpA (E): Free Stock Analysis Report W&T Offshore, Inc. (WTI): Free Stock Analysis Report Oceaneering International, Inc. (OII): Free Stock Analysis Report Subsea 7 SA (SUBCY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks