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.
Norway’s offshore safety body has ordered Italian energy firm Eni to submit a report on a blackout on a vessel in the Barents Sea.
An Aberdeen-based firm said today it was celebrating the completion of its first offshore well management project.
Italian energy firm Eni is in talks with four companies over the sale of 20% of its Zohr gas field in Egypt, a news report said, citing unidentified banking sources.
Sound Energy is to shut-in its new well on the Nervesa licence, offshore Italy, to carry out remedial work as it believes some of the reservoir levels are not in production.
Sound Energy will press ahead with drilling its Badile prospect after receiving permission from Italian authorities this week. No date has been earmarked for commencement of drilling although Sound confirmed it would begin some time during 2016. The company has already secured the drilling rig to be used on Badile.
A vote in Italy to curtail the duration of existing drilling concessions in territorial workers has failed.
Eni reported a fourth-quarter loss, missing analysts’ expectations as the slide in oil prices deepened.
Sound Energy has achieved first commercial production at the operated onshore Nervesa gas discovery in Italy.
Rockhopper's production plans in Italy have been shelved after its bid to circumvent an exploration ban failed.
GE Oil and Gas today confirmed a $600million financial injection for its operations in Italy.
Italy’s Eni has confirmed the European Commission has cleared its plans to sell a 12.5% stake in fellow Italian firm Saipem. The Commission has published its authorisation for the transaction following the positive outcome of the anti-trust procedure.
Sound Energy, the European/Mediterranean focused upstream gas company, has said its ability to attract companies such as Shell and Schlumberger as partners illustrates the potential in its portfolio.
Avanti Energy said its Italian subsidiary has signed a long term gas sales agreement with Shell Energy Europe for its future gas production in the country. CMI Energia has won the deal which will focus on the Colle Santo project which is the largest undeveloped onshore gas field in Italy.
Rockhopper Exploration has achieved first gas from its onshore Civita gas field in Italy.
Sound Oil, the Mediterranean focused upstream gas company, made a first-half pretax loss of £3.89million compared with a 2014 loss of £2.05million.
Sound Oil has confirmed that it is still on track for production from its Nervesa gas discovery in Italy by the end of the year.
UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean. The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
Italian energy group ERG is to buy German utility E.ON's Italian hydroelectric power plants for about 950 million euros ($1 billion), expanding its renewable portfolio which mostly comprises windfarms. E.ON's Terni Hydroelectric Complex, which has 527 megawatts (MW) of generating capacity and produces about 1.4 terawatt hours of electricity a year, was put up for sale in late 2013 along with other assets in the country. ERG currently operates windfarms in Europe with a total capacity of 1.38 gigawatts, including 1.1 gigawatts in Italy, as well as a gas-fired thermal plant in Sicily with a capacity of 480 MW.
Sound Oil, the Mediterranean focused upstream gas company, has signed a gas sales agreement with Shell for the Casa Tonetto production concession.
Italian oil and gas group Eni raised its production targets for the year on Thursday as second-quarter net profit slumped due to lower oil prices and a heavy loss at oil contractor subsidiary Saipem. State-controlled Eni said adjusted net profit in the second quarter was 0.14 billion euros ($153 million), below the consensus forecast of 0.48 billion euros in a Reuters poll of analysts. Stripping out the Saipem effect, adjusted net profit was 0.45 billion euros. On Tuesday, Saipem reported a quarterly adjusted operating loss of 738 million euros after heavy writedowns as part of a turnaround plan.
Italy’s Foreign Minister said “prudence and discretion” were essential as the country attempts to bring four kidnapped oil workers home from Libya. The families of four men have been in an anxious wait for news after they were taken near to an industrial complex owned by energy company Eni in the western city of Mellitah. Foreign Minister Paolo Gentiloni said: "Prudence and discretion....are needed to bring home our four countrymen.