Eni, the Italian energy conglomerate, reported an 11% decline in adjusted net profit to 1.41 billion euros for the first quarter of 2025, compared to the same period in 2024. The company attributed this downturn to a 5% reduction in hydrocarbon production, which fell to 1.64 million barrels per day. In response to 'macro headwinds and uncertainty around trade tariffs,' Eni has revised its 2025 spending plans, aiming to mitigate over 2 billion euros of negative scenario effects through various strategic adjustments.

In a significant development for the energy sector, the UK Government and Eni have finalized the financial close for the Liverpool Bay carbon capture and storage (CCS) project. This initiative is a cornerstone of the HyNet cluster, designed to support blue hydrogen production by capturing and storing up to 4.5 million tonnes of CO2 annually in its initial phase. The project leverages Eni's depleted gas fields in Liverpool Bay, with plans to expand storage capacity to 10 million tonnes by the 2030s, marking a pivotal step towards industrial decarbonization.

The collaboration between the UK Government and Eni underscores a shared commitment to fostering a low-carbon economy. With nearly £22 billion pledged over 25 years for CCS clusters, the initiative is poised to generate thousands of skilled jobs and revitalize industrial communities. Eni CEO Claudio Descalzi highlighted the project's role in addressing the decarbonization challenge, emphasizing the importance of CCS in eliminating CO2 emissions from industries lacking efficient alternatives.

This financial milestone not only advances the HyNet cluster's objectives but also signals the UK's determination to lead in clean energy innovation. Energy Secretary Ed Miliband remarked on the partnership's potential to secure energy independence and create employment opportunities, aligning with the nation's broader environmental and economic goals. As Eni navigates the complexities of global energy markets, its involvement in the Liverpool Bay CCS project exemplifies the company's strategic pivot towards sustainable energy solutions.

In a remarkable demonstration of leadership and community service, two British-Nigerians, Opeyemi Bright and Jason Jackson, have been sworn in as mayors in London, marking a historic moment for the Nigerian diaspora. Their achievements have not only highlighted the contributions of Nigerians abroad but have also set new benchmarks for young leaders everywhere.

Opeyemi Bright, at the age of 29, has become the youngest-ever Civic Mayor of Barking and Dagenham, a testament to her dedication and hard work. Her journey in public service began at the age of 22 when she was elected as the borough's youngest Labour councillor. Similarly, Jason Jackson has made history as the first Nigerian-born Mayor of Islington since the borough's establishment in 1900. His rapid ascent from councillor to chair of the Homes and Communities Committee before becoming mayor showcases his commitment to public service.

President Bola Tinubu of Nigeria has extended his congratulations to both mayors, praising their achievements as a reflection of the excellence and integrity that Nigerians in the diaspora continue to embody. The President's message underscored the importance of their roles in inspiring young Nigerians both at home and abroad to pursue excellence and serve their communities with distinction.

The appointments of Bright and Jackson are a clear indication of the growing influence and positive impact of the Nigerian diaspora in global leadership roles. Their stories serve as a beacon of hope and inspiration, proving that with dedication and hard work, barriers can be broken and new heights can be achieved. As they embark on their new roles, the expectations are high, but so is the confidence in their abilities to lead and make a significant difference in their respective boroughs.