Italian oil major Eni continues to operate its domestic refineries and power plants in northern Italy normally, a company spokesman said Thursday, despite sending home staff at its headquarters in Continue Reading
Fiat-Chrysler (FCA) on Friday warned one of its European plants could be forced to halt production in the coming weeks if the coronavirus outbreak continues to affect the capacity of Continue Reading
Low tides have left canals in Venice almost dry, just two months after severe flooding left much of the Italian city under water. Boats have been seen almost beached as water Continue Reading
Russian President Vladimir Putin and Italian Prime Minister Giuseppe Conte agreed on Thursday that the situation in Libya must be resolved in a peaceful way, the Kremlin said. In a Continue Reading
The Veneto regional council that decides policies for Venice was struck by a flood just minutes after the majority of the council members rejected a plan for tackling climate change Continue Reading
Italy will next year become the world’s first country to make it compulsory for schoolchildren to study climate change and sustainable development, Education Minister Lorenzo Fioramonti said. Italy’s Education Minister Continue Reading
Italy’s Ferrero is famous for its red-and-white Kinder chocolate eggs. But soon it may hope to be able to slap more green on the wrapper. The confectionery giant, which runs Continue Reading
Italian oil and gas major ENI has left other international oil majors behind as it has been awarded a long-range of new concession agreements with Abu Dhabi’s national oil company Continue Reading
Italy plans to suspend the issuing of 36 pending oil and gas exploration permits, as the government finds upstream oil and gas activity not of strategic importance to the country. Continue Reading
Italy’s Eni said Thursday it will buy the rights of all of the Oooguruk oil field in shallow waters offshore Alaska and become its operator because its proximity to the Continue Reading
Violent thunderstorms, small tornadoes that blew roofs off homes, and winds equivalent to a Category 3 hurricane lashed Italy from Piedmont to Sicily early this week, leaving at least 11 Continue Reading
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 Continue Reading
Italian energy company Eni said Friday it was expecting a 4 percent increase in oil and gas production from 2017 driven by gains across its entire portfolio. Assuming the price Continue Reading
Italy’s imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the Continue Reading
Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would be Continue Reading
Italian energy company Eni said it would be cash neutral so long as oil prices hold above $55 per barrel, boasting its own net production was up from last year. Continue Reading
Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. The logo of Continue Reading
The Italian oil major Eni will discuss sanctions against Russia with authorities in the European Union and the United States to gain clarity on the economic rivalry forming between President Continue Reading
The Arctic storm dubbed the “Beast from the East” saw temperatures across much of Europe fall Monday to their lowest level this winter and even brought a rare snowstorm to Continue Reading
German energy company E.ON starts construction on its eleventh wind farm in Italy. Photo courtesy of E.ON Feb. 19 (UPI) — In what would be its eleventh such project to Continue Reading
Italian energy company Eni said Friday its production level in December reached an all-time high, attributing much of its gain to offshore Egypt. Eni reported December production of 1.92 million Continue Reading
Italian oil and gas group Eni said on Wednesday afternoon that it was carrying out exploratory drilling in the Black Sea in a Rosneft-led offshore project – while ensuring its Continue Reading
It’s been a busy week for Eni. The Italian oil giant started production at the largest natural gas field in the Eastern Mediterranean. But Eni’s CEO also just found out Continue Reading
Italian energy company Eni said Tuesday the results of a well off the coast of Mexico meant it could raise its oil reserve estimate by more than 40 percent. The Continue Reading
Letting a foreign energy company drill into the Arctic areas of Alaska is a twin insult from the Trump administration, an advocacy group said. The U.S. Bureau of Safety and Continue Reading
Italy’s government unveiled on Friday a new national energy strategy aiming to phase out coal in electricity generation by 2025, and significantly boost the share of renewables in total energy Continue Reading
Iranian oil and gas companies said they’ve signed agreements with an Italian power company to capture flared gas at one of the world’s largest natural fields. Pars Oil and Gas Continue Reading
The Vatican says it is shutting off all its fountains, including those in St. Peter’s Square, because of Italy’s drought. Vatican Radio on Monday said the decision is linked with Continue Reading
Italian energy company Eni said it managed to turn a corner after trimming investments last year to turn in its first quarterly profit in more than a year. “The 2016 Continue Reading
Italian prosecutors are pursuing a criminal trial for Royal Dutch Shell PLC and the chief executive of Italian oil company Eni SpA on charges of corruption tied to a controversial Continue Reading
The Trans-Adriatic Pipeline is a key element of Azerbaijan’s efforts to export its greatest source of wealth, its Caspian Sea natural gas deposits, to European markets. It is also a Continue Reading
Italy is now the second biggest buyer of Russian gas in Europe — overtaking Turkey — the head of Gazprom said Wednesday. CEO Alexei Miller said Italian demand for Russian Continue Reading
Iran’s deputy oil minister claimed a deal was made with an Italian refining company for the delivery of around 65,000 barrels of oil per day. Rokneddin Javadi, chief of the Continue Reading
Italian oil company Eni SpA plunged to a net loss in the first quarter, hurt by accounting changes related to disposals and low crude oil prices. It posted a net Continue Reading
* Just 48 million cu m of Russian gas reached Italy Sunday * Supplies from northwest Europe at lowest since October 2015 * Algerian exports to Italy remain above 60 Continue Reading
Ratings agency Standard & Poor’s said it lowered the credit rating for Italian energy company Eni by one notch because of the impact of low oil prices. “We believe that Continue Reading
Eni SpA, Italy’s largest oil producer, plans additional asset sales valued at 7 billion euros ($7.9 billion) by 2019 and deeper cost cuts as it seeks to offset the impact Continue Reading
Eni SpA Friday announced plans for €13 billion ($14.71 billion) in cost cuts and asset sales, the latest major oil and gas company to further adjust its strategy to enduring Continue Reading
After long delays and cost overruns, Italian oil company Eni SpA has started to pump oil from the world’s most northern offshore platform, Goliat, which is located in the Arctic Continue Reading
As oil firms slash billions of dollars of investment to survive the market crash, France’s Total and Italy’s Eni are making some of the smallest cuts, gambling in the hope Continue Reading
Eni SpA promised more cost cuts as the recent plunge in global crude prices claimed another major oil industry casualty, tripling the Italian company’s fourth-quarter net loss. To confront the Continue Reading
Oil, gas production rose 14% to highest in five years Eni SpA reported a fourth-quarter loss after the slide in energy prices deepened even as the company’s oil and gas Continue Reading
The Italian government last month quietly began allowing armed American drones to fly out of an air base in Italy for military operations against Islamic State in Libya and across Continue Reading
Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector. Saipem, a subsidiary of Italian energy company Continue Reading
Bicyclists had free rein of Milan’s streets Monday during a six-hour ban on private cars in a bid to alleviate persistent smog. Pollution levels in Italy’s business capital have exceeded Continue Reading
Milan is banning cars, motorcycles and scooters for six hours a day over the next three days. In Rome, cars with odd-numbered plates have been banned for nine hours on Continue Reading
Italian energy company Snam said it bought Statoil’s stake in the planned Trans Adriatic gas pipeline, billed as a near-panacea for European diversification. For total consideration of $220 million , Continue Reading
ON GOLIAT OIL RIG IN THE BARENTS SEA—Even as energy companies retreat from exploration in the Arctic, Italy’s Eni SpA will soon open the taps on the northernmost offshore oil platform in the world, offering a glimmer of potential for crude in the region—though at a considerable cost. In a field in the Barents Sea nearly 300 miles north of the Arctic Circle, Eni is set to begin pumping at its Goliat platform before the end of this year. It would open a flow that will eventually reach 100,000 barrels a day and place Eni among a select group of oil producers in the region. The rig’s imminent launch underscores the continuing appeal of the Arctic, but at the same time highlights the challenges of operating in a frontier region where crude is difficult and expensive to extract. The huge cost of pushing ahead with such projects, amid the […]
MILAN— Eni E -1.19 % SpA said Thursday that it swung to a net loss in the third quarter as low oil prices reduced the profitability of the Italian company’s core oil and gas exploration business and another unit posted a large loss. The net loss in the three months to end-September was €952 million ($1.05 billion) compared with a net profit of €1.71 billion in the same period last year. Revenue declined by almost a third to €18.81 billion. Like its competitors, Eni is grappling with what industry executives and analysts say will be a sustained period of low oil prices. Brent, the global benchmark, averaged $50 a barrel in the quarter compared with double that in the same period last year. Cost cuts and a reduction in its dividend announced in March have helped Eni weather the two-thirds drop in the profitability of its oil and gas […]
Italian energy company Eni said it’s managed to maneuver effectively during a weakened crude oil market. File photo by num_skyman/UPI MILAN, Italy, Oct. 29 (UPI) — Italian energy company Eni said it would be able to cover its operational plans for 2015 assuming an average oil price of around $55 per barrel. Eni boasted of a strong track record , including wading into new territory in Mexico, for the third quarter and for 2015 so far. The company in October won all of the shares in three oil fields included under what the Mexican government categorized as Area 1 during a government auction. Eni said the combined reserves for the three fields are approximately 800 million barrels of oil and 480 billion cubic feet of associated gas. In August, the company announced the discovery of 30 trillion cubic feet of natural gas off the Egyptian coast, the largest discovery […]
