Russian President Vladimir Putin is showing no signs of heeding Western calls to ease the standoff in Crimea, where pro-Kremlin forces stepped up their takeover of the Ukrainian region preparing for a separatist referendum.
European utilities boosted imports of natural gas from Russia to the most in almost a month, even as storage remains at record-high levels amid the mildest winter since 2007.
Italian Prime Minister Matteo Renzi will probably replace directors and chief executive officers at state-controlled companies in the coming weeks, an aide said.
Matteo Renzi, who operates from the Palazzo Vecchio, the 14th-century fortress from which the Medici family ruled Florence, is on the verge of becoming Italy’s youngest prime minister.
Eni SpA, Italy’s biggest oil company, said profit slumped 14 percent in the fourth quarter due to production halts in Libya and Nigeria.
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.
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 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.
"For the time being, there's no real major issue."
- Paolo Scaroni on Mar 05, 2014