Taiwan's TCC receives Italian approval to take energy storage company NHOA private
TCC Group Holdings, a Taiwanese company, announced on Friday that it has received approval from the Italian government to privatize energy storage firm NHOA. The Italian government has "golden powers"…
Eni, Vaar Agree to Buy Neptune Energy in $4.9 Billion Deal
Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition…
Eni CEO: No Future for Firms Working in Just O&G
There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday."Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial dail
Italy to Block Exploration Permits
The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil and gas
Italy Has No Intention of Selling Stake in ENI
The Italian government has no plans to sell a stake in oil and gas group Eni, an Italian Treasury source said on Monday, denying a report in Italian media. Rome daily Il Messaggero wrote that the Treasury…
IEA welcomes Italy's Plan to Revisit Energy Strategy
In its latest country review of energy policies, the International Energy Agency praised Italy's comprehensive long-term energy strategy and the acceleration of its efforts to comply with 2020 goals on renewable energy…
Fincantieri Delivers "Itarus”
Trieste, 3 March 2016 – “Itarus”, the semisubmersible floating platform built by Fincantieri for the Russian RosRAO, the Federal State Unitary Enterprise for radioactive waste management, was delivered today at the shipyard in Muggiano (La Spezia).
EDF to Sell $11.4 bln of Assets by 2020
French power group EDF intends to sell assets worth at least 10 billion euros ($11.4 billion) by 2020 to help finance investments as it builds two EPR nuclear reactors in the UK, Les Echos reported on its website on Friday.
Italy Says No Plans for Eni Stake Sale
The Italian government said on Tuesday it had no plans to sell a stake in oil major Eni , after a junior minister indicated the government planned to divest part of its holding. "The Ministry of Economy…
Italy Invites Banks to Handle Enel Sale
The Italian government has written to investment banks and advisory firms inviting bids to work on the sale of a stake in state-controlled power group Enel in the next few months, a source close to the situation said on Tuesday.
Renzi Stands by Eni CEO After Nigeria Investigation News
Italian Prime Minister Matteo Renzi stood by his appointment of Claudio Descalzi as head of state-controlled oil major Eni after news the CEO was being investigated in a Nigeria graft case. Descalzi, the…
Italy to Complete Eni, Enel Sales by December
The Italian government is on course to sell stakes in energy groups Enel and Eni and to transfer its holding in chip maker STMicroelectronics by the end of the year, a senior official said on Thursday.
Italy's Eni Wins Price Cut for Russian Gas
Eni wins important change to indexation mechanism; deal backdated to start of 2014. Deal comes after Ukraine crisis and China gas deal. Russia's Gazprom reached an agreement with Eni on Friday giving the…
Italy Eyes Big Energy Savings
The Italian government is set to introduce measures worth up to almost €3 billion ($4.1 billion) a year to cut energy bills for small- and medium-sized businesses by at least 10 percent, according to slides seen by Reuters.
Italy's ENI Appoints Descalzi As CEO
The board of Italian oil and gas major ENI has appointed Claudio Descalzi to replace Paolo Scaroni as chief executive, the company said in a statement late on Friday. Veteran ENI executive Descalzi was…
Italy Energy Major Eni Q1 2014 Profits Slump
Eni confirmed a flat oil and gas production outlook for the year after a 14.3 percent fall in first-quarter profits as the Italian company's longstanding chief executive gets ready to bow out. Adjusted…
Eni's New Head Caught between Russia and New Frontiers
Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni - guaranteeing Italy's gas supply by nurturing relations with Russia, while exploring new drilling frontiers in Africa and Asia to boost profit.
