Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
An appeal by Meta Energia to roll back a court’s decision to award an arbitration to Shell has been dismissed.
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.
The purchase of Edison E&P will provide Energean with insulation from oil price volatility, although the company has trimmed its capital expenditure plans in 2020.
Italian oil and gas contractor Saipem has confirmed that more than 2,000 staff are working from home due to the coronavirus.
Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.
Italy's hardline interior minister has branded the migrants who hijacked a tanker as pirates while aid groups blamed European Union policy for the incident which was ended by the intervention of a Maltese special operations team.
Italy’s Five Star Movement used to rave about towns like Montieri, a village in the verdant Tuscan foothills that burns little coal or natural gas. Instead, the local power plant harnesses steam rising naturally from hot springs deep underground to generate electricity.
Baker Hughes, a GE company (BHGE) will help develop infrastructure to boost sustainable mobility in heavy duty trucks in Italy.
London-listed Sound Energy has completed the sale of its Italian subsidiary to Coro Energy, previously named Saffron Energy.
The center of gravity in Europe’s natural gas market is heading south as one of the continent’s biggest pipeline operators builds a system that could make Italy an exporter of the fuel for the first time.
The Basilicata region of Italy is to see two new wind projects as Siemens Gamesa has put pen to paper on two contracts to provide 23 onshore turbines.
Europe’s biggest utility is betting on an Italian green power renaissance to lift business.
Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.
UK-based investment firm Prospex Oil and Gas said today that drilling had started on an appraisal well in Italy.
Italian energy company Eni has signed a pact on oil and gas exploration and production opportunities with the China National Petroleum Corporation (CNPC).
Saffron energy is aiming to bring its third gas-producing field in northern Italy online in the first quarter of next year.
Italian giant Eni has been crowned the first international oil major to drill in Mexico since the country's 2013 energy reform.
Sound Energy has started its onshore drilling campaign in Italy, the firm today confirmed.
Fledgling Italian gas producer Saffron Energy is aiming to make a splash when it enters the London Stock Exchange in the coming weeks.
Eni said it plans to deepen its involvement in Nigeria's energy industry.
Video footage shows fires raging yesterday at a refinery owned by Italian oil and gas firm Eni.
Sound Energy has kick-started work on its Badile exploration well site.