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.
Italy
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.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Saipem and Snam join forces to develop new energy transition technologies
Saipem has signed a Memorandum of Understanding with a leading energy infrastructure operator to start working together on new energy transition technologies.
Saipem to downsize investment plans after losses of £644m
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.
Judge dismisses Meta Energia application to set aside ruling ordering it to pay Shell almost £18m
An appeal by Meta Energia to roll back a court’s decision to award an arbitration to Shell has been dismissed.
UOG triples production in Egypt
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
European gas demand under pressure
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.
Energean’s 2020 capex up 22%
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.
Saipem keeping 2,000 workers at home due to deadly coronavirus
Italian oil and gas contractor Saipem has confirmed that more than 2,000 staff are working from home due to the coronavirus.
Libya’s NOC sets out big plans in international pitch
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.
Updated: US won’t renew sanctions waivers for Iran oil customers, Brent climbs
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 blames ‘pirates’ after Malta foils hijack of oil tanker that rescued migrants
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 clean energy town asks why populists are abandoning it
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, GE to weigh up LNG plant job in Italy
Baker Hughes, a GE company (BHGE) will help develop infrastructure to boost sustainable mobility in heavy duty trucks in Italy.
Sound Energy offloads Italian subsidiary
London-listed Sound Energy has completed the sale of its Italian subsidiary to Coro Energy, previously named Saffron Energy.
Gas hub to expand in Italy as UK wanes in $900bn market
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.
Siemens lands Italian onshore wind contract double
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 largest utility company bets on Italy’s green power revival
Europe’s biggest utility is betting on an Italian green power renaissance to lift business.
Saipem wins contracts worth £300m
Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.
Prospex says drilling under way in Po Valley, Italy
UK-based investment firm Prospex Oil and Gas said today that drilling had started on an appraisal well in Italy.
Eni in exploration pact with China’s CNPC
Italian energy company Eni has signed a pact on oil and gas exploration and production opportunities with the China National Petroleum Corporation (CNPC).