Why is the Santos (ASX:STO) share price edging lower today?

The Santos Ltd (ASX: STO) share price is slightly in the red today following the announcement of a collaboration agreement.

At the time of writing, the energy producer’s shares are swapping hands for $6.95 apiece, down 0.4%.

Unlocking new wealth opportunities

Investors are eyeballing the Santos share price this morning following the company’s efforts in unlocking future regional gas resources.

In this morning’s release, Santos advised it has entered into a memorandum of understanding (MOU) with Eni.

Established in 1953, Eni is an Italian multinational oil and gas company specialising in developing new energy solutions. Activities range from the exploration and production of hydrocarbons, as well as refining and marketing oil…