Eni, Saipem to Stand Trial in Algeria Corruption Case
Italian oil company Eni and oil service group Saipem have been ordered to stand trial by an Italian judge in an Algerian corruption case, judicial sources said on Wednesday. Former…
Eni's Former Trading Head Leaves Company
The former head of trading at Italy's Eni, Marco Alvera, has left the company after 10 years of service, a spokeswoman for the oil major said on Wednesday. The 40-year-old Alvera, who joined Eni in 2005…
Saipem to Stand Trial in Algeria Corruption Case
A Milan judge on Friday ruled that Italy's Saipem and five people should stand trial on charges the oil services group paid bribes to win contracts in Algeria, legal sources said. The…
Eni CEO Never Considered Resigning Over Nigeria Probe
Claudio Descalzi, the CEO of Italy's Eni, has never considered offering his resignation following his involvement in a Nigerian corruption probe being carried out by Milan prosecutors…
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.
Eni Chief Under Investigation for Nigerian Oil Deal
Eni SpA chief Claudio Descalzi has been placed under investigation over alleged corruption relating to a big Nigerian oil deal, the company said on Thursday, just four months after he took the helm at the oil major…
Italy Struggles with Plan B if Russian Gas Supplies Cut
Italy will struggle to stay warm this winter if Russia's conflict with Ukraine disrupts gas supplies and Libya veers towards collapse, putting at risk an already shaky economic recovery…
Eni to Revive Saipem Sale Plans
The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
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…
Gazprom Ends Plan To Build Pipeline To Italy
Gazprom has abandoned plans to build a section of its disputed South Stream gas pipeline to Italy, two sources close to the company said on Wednesday, a day after Gazprom announced…
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.
Italian Court Rules Saipem Exec Improperly Dismissed
An Italian court has ruled that Pietro Varone, former chief of oil service firm Saipem's engineering business, was improperly dismissed in connection with corruption allegations in Algeria…
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…
Italy Proposes New Eni CEO in State Firm Shake-up
Italy on Monday tried to breathe fresh air into state-backed companies, making a clean sweep of top management at firms such as oil major Eni and defense group Finmeccanica in a test…
Eni and Rosneft Complete Joint Exploration
Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, have signed, at the Saint Petersburg International Economic Forum…
