Sonnedix expands solar capacity in Italy and looks at battery storage projects
The CEO of renewable developer Sonnedix said that the company is looking to expand its solar power in Italy through a series acquisitions. He also stated that the company was exploring opportunities for battery storage projects. The JP Morgan-backed company…
Trafigura-Entara Consortium to Buy French Refinery
Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, has agreed with ExxonMobil's ESSO SAF to buy the Fos-sur-Mer refinery and Toulouse and Villette-de-Vienne terminals in France."Discussions with the relevant authorities are…
Eni-led Group to Build Wave Power Stations
Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The agreement, which follows the understanding signed last 19 April, will…
Sonatrach in Talks with 14 Foreign Firms on Trading Venture -CEO
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday."I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen Ould Kadd
Sonatrach to Buy ExxonMobil's Augusta Refinery
Sonatrach plans to buy ExxonMobil's 175,000 barrel-per-day Augusta refinery in Sicily, Italy, the head of Algeria's state oil firm told French news outlet Les Echos on Wednesday.Sonatrach will also buy three oil storage terminals in Italy, Abdelmoumen Ould Kaddour said, without giving details.The deals w
F2i buys Seven Wind Farms in Green Drive
F2i, the largest infrastructure fund operating in Italy, said on Tuesday it will strengthen its position in green energy by buying seven wind farms in the south of the country. The fund, which is around 14 percent owned by state lender Cassa Depositi e Prestiti…
Eni Embarks on Green Energy Quest
Italian oil major Eni, which has historically invested little in renewable energy given its strong track record in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt. As part of a push into green energy, Eni aims…
Accident at Eni Chemical Plant in Sicily Kills Two
Italian energy group Eni said two people had been killed in an accident at a Sicilian plant operated by its Versalis chemical unit, prompting trade union calls for a strike to protest over working conditions. The two workers, employed by a third-party contractor…
Fincantieri & Technip JV for Offshore Market
Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A. and by Giuseppe Bono, CEO of Fincantieri.
Fire at Milazzo Refinery Impacts Docks
Inchcape Shipping Services is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s jointly owned Milazzo oil refinery, near the northeast coast of Sicily. The…
EU Trade Nominee Weighs Investor Rights
Issue of investor protection dominates new trade chief's hearing; Europeans fear clause will make U.S. companies too powerful. Malmstrom says Russia can't amend EU-Ukraine trade accord. The woman likely to become the EU's new trade chief sought to reassure lawmakers on Monday that U.S.
Lukoil Shipped Canadian Crude from Houston
Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta, Italy, data showed on Tuesday. A 445,000-barrel cargo of Canadian Sour grade loaded on the Sifnos…
Insider Novel Sheds New Light on Oil Spills
A new novel, The Golden Tide, written by global shipping industry insider John Guy, is now available on Amazon as a paperback and ebook for Kindle. The fast-moving book is easy to read and puts a well-informed and human context on what happens when a coastal community confronts an oil spill.
