Eni Spa News
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UBS AG should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management LLC said.
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Eni SpA failed to buy Russian Urals blend in the Mediterranean, bidding at an eight-month high. No bids or offers were made for North Sea Forties crude.
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State-backed Oil & Natural Gas Corp. and Oil India Ltd. are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. and Videocon Industries Ltd., three people with knowledge of the discussions said.
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Total SA failed to sell a cargo of North Sea Forties as an extra shipment was added to the May loading program. Gunvor Group Ltd. bid unsuccessfully for Russian Urals blend even as it bid at the highest level in almost six months.
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Nigeria is gripped by a “civil war” over political patronage and the corruption it fuels, with government officials trying to end systemic graft at risk of losing the battle, central bank Governor Lamido Sanusi said.
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Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.
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OAO Rosneft said a plan to step up Arctic exploration will help increase shareholder value at the same time the world’s largest publicly traded oil producer starts exporting liquefied natural gas.
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Eni SpA, Italy’s biggest oil company, said first-quarter profit fell 42 percent on falling oil prices and halts to production in Nigeria, Libya and the United Kingdom.
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Total SA, Europe’s third-biggest oil company, expects to meet its output targets as new multibillion dollar projects come online and reverse earlier declines.
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Somalia plans to sign 30 oil and gas production-sharing contracts this year, starting with companies that operated in the country before its government was toppled more than two decades ago, an official said.
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