Egypt’s natural-gas shipments are set to drop by about half this year, undermining the military led-government’s attempts to stabilize the largest economy in North Africa.
Eni SpA, Italy’s biggest oil company, said profit fell 29 percent in the third quarter as political turmoil in Libya cut production.
The heads of 10 of Europe’s biggest utilities called on the European Union to overhaul its energy and climate policies and curb “Robin Hood” subsidies that sap the region’s competitiveness.
Eni SpA , the biggest foreign oil producer in Libya, warned against allowing Libya to end up as a failed state.
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.
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.
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.
Eni SpA , Italy’s biggest oil company, plans to search for shale gas in Poland to make up for production declines in other European countries, Chief Executive Officer Paolo Scaroni said.
Eni SpA Chief Executive Officer Paolo Scaroni said the company’s priority in Libya is increasing natural gas production as it will take between six and 18 months to restart oil output.
Being an expert on the nervous system of leeches and fold-up, battery-powered cars is helping Susan Hockfield enlist Barack Obama and Jeffrey Immelt in her improbable passion: a factory for alternative energy.
"Certainly if gas prices were higher in Egypt, we could exploit some discoveries we made in the Mediterranean."
- Paolo Scaroni on Nov 19, 2013