Italy mulls support for fossil fuels despite climate promise
The Italian government is considering financing for international fossil fuel projects that would generate emissions 3.5 times greater than Italy’s, Oil Change International warns.
Italy
Italy to raise energy windfall tax in €35 billion budget
Italy has approved a €35 billion ($36 billion) budget law for next year which will raise a windfall tax on energy companies in order to expand aid to families and businesses hit by higher prices.
No end in sight for Rockhopper’s Italian legal battle
A legal battle between the Italian government and Rockhopper Exploration looks set to rumble on for up to two more years, as the former seeks to annul a $190m compensation award.
Amid European gas talk, ICE sets out new LNG futures
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Netherlands drops OPL 245 probe into Shell
The Dutch Public Prosecutor has dropped its investigation into Shell’s role in acquiring OPL 245 in Nigeria, following a similar move from Italy earlier this week.
Italy drops appeal against Shell, Eni over OPL 245
The Milanese prosecutor has dropped its appeal targeting Eni (ENI:MI) and Shell (LON:SHEL) for the alleged corruption in securing OPL 245, in Nigeria.
Sonatrach scores major Hassi R’Mel addition
Sonatrach has made a significant addition to its reserves at the Hassi R’Mel licence.
Russia steps up energy wars with gas cuts to Europe’s top buyers
Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up prices.
Snam snaps up a Golar FSRU to supply Italy’s gas needs
Snam has bought an FSRU from Golar LNG and will use the vessel to supply central-northern Italy as of spring 2023.
Sanalla makes pitch for investment as US backs oil cash flow freeze
The head of Libya’s National Oil Corp. (NOC) has highlighted the North African country’s role in meeting Europe’s energy security needs and downplayed the risks.
Updated: Italy ties up gas plans with Angola, Congo Brazzaville
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Eni signs up Egypt gas flows following Algerian commitment
Eni has signed a deal to secure more gas flows for Italy from Egypt, just two days after striking a similar agreement with Algeria.
Italy minister visits Angola, Congo in LNG security hunt
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
Italy’s Eni to exit Blue Stream pipeline JV with Gazprom
Italy’s Eni will end a decades-long pipeline joint venture with Gazprom, as the company joins other oil majors in moving to isolate Russia in response to its invasion of Ukraine.
Saipem to build carbon capture and utilisation plant in Italy
Italian contractor Saipem has entered into a partnership to explore building a carbon dioxide capture and utilisation (CCU) plant.
20 nations join COP deal to end foreign fossil fuel funding
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
HMS Trent sets sights on security in Gulf of Guinea
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
Italy to investigate prosecutors of Eni in OPL 245 case
Italy’s Ministry of Justice has launched an administrative investigation of the trial of Eni over alleged corruption in Nigeria.
BP aiming to marry renewables and farming after securing Italian solar projects
BP has boosted its utility scale solar portfolio in Italy by acquiring three projects with a total installed capacity of 156 megawatt peak (MWp).
Innovo appoints acquisition manager in the UK as part of new growth phase
Innovo Engineering and Construction is pleased to announce the appointment of William Cappello to the role of UK Acquisition Manager.
Risk managers needed in the transformation of energy markets
The big question is what role natural gas will play in the changes in the global energy market, says the CEO of MET International. György Vargha explains why it is so important to manage risks in an integrated way.
Oil price recovery drives E&P result for Eni
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
United to double spending in 2021, driven by Egypt
United Oil & Gas expects production to rise slightly in 2021, while capital expenditure will double primarily as a result of drilling two wells in Egypt.
‘Big milestone’ for Premier Oil after Tolmount topside successfully installed
Premier Oil has welcomed a major milestone after the Tolmount platform was successfully installed in the early hours of this morning.