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
