Paolo Scaroni News
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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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In the wake of plummeting oil output, Norway, western Europe’s biggest petroleum producer, may have found its new money spigot: an ice-free expanse of the Arctic Ocean known as the Barents Sea.
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Eni SpA stood by its Chief Executive Officer Paolo Scaroni as a probe into alleged bribery by Saipem SpA, where it’s the largest shareholder, widened to include him.
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China National Petroleum Corp., the country’s largest oil producer, will spend $4.2 billion for a stake in Eni SpA’s African natural-gas assets as China looks to feed energy demand while reducing its reliance on coal.
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Eni SpA Chief Executive Officer Paolo Scaroni is being investigated for alleged corruption in an Italian probe of contracts obtained by its oil services company, Saipem SpA, in Algeria.
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Eni SpA , the biggest foreign oil producer in Libya, warned against allowing Libya to end up as a failed state.
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Eni Spa has no plans to spin off oil services company Saipem SpA regardless of pressure from shareholder Eric Knight, Eni Chairman Giuseppe Recchi said.
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Eni Spa has no plans to spin off oil services company Saipem SpA regardless of pressure from shareholder Eric Knight, Eni Chairman Giuseppe Recchi said.
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The following is a selection of the most important news affecting the oil market.
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Eni SpA, Italy’s largest oil producer, is ready to sell its 33 percent holding in Portugal’s Galp Energia SGPS, Chief Executive Officer Paolo Scaroni said.
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