Italian oil major Eni cut its full-year production growth target Friday after failing to grow its upstream volumes during the third quarter due to lower-than-expected flows of natural gas. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Rome-based company said it now expects its oil and gas production to grow about 3% year-on-year in 2018, due to the “impact of exogenous factors in certain countries.” The company, one of the fastest growing of its oil majors peers in terms of output, had previously forecast an average 4% production growth to about 1.9 million b/d of oil equivalent this year, assuming a Brent price scenario of $60/b. Eni said it expects the lower productions guidance will have only a “negligible effect” on its cash flow. In the third quarter of 2018, oil and natural gas production averaged 1,803 million boe/d, unchanged from the […]