Latest news
Shah Deniz conglomerate grants $1.5 billion subsea production agreement
The consortium developing the second phase of Azerbaijan's Shah Deniz gas field has awarded a $1.5 billion subsea production agreement to a group involving Saipem, BOS Shelf and Star Gulf FZCO, as it stated on Tuesday.
read more... 04/05/2016
EDF, Edison, Gas Natural and Centrica interested in acquiring a large share in Eni's retail gas and power business
European giant utilities French EDF’s, Italian unit Edison, Spain's Gas Natural and Britain's Centrica are interested in acquiring a share in Italian oil major Eni's retail gas and power business, a deal that could cost up to $3.4 billion.
read more... 29/04/2016
Bulgaria: BEH agrees 535 million euros loan funding
Bulgarian state energy company BEH has inked a 535 million euro ($602 million) bridge loan with three international banks which should be refunded by a global bond issue within a year, as stated by a senior BEH official on Monday.
read more... 26/04/2016
Egypt: Zohr gas field will produce 1 billion cubic feet per day by end-2017
Egypt has settled with Italy's Eni to start production of 1 billion cubic feet per day of gas at the Zohr gas field, the largest in the Mediterranean, by the end of 2017, according to the oil minister Tarek El Molla on Tuesday.
read more... 20/04/2016
CEO: Eni to inject 20 bln euros in Africa’s energy sector
Italian energy giant Eni envisages investing about 20 billion euros ($22.5 billion) in Africa over the next four years, mostly in the oil and gas industry, according to the company's Chief Executive Officer Claudio Descalzi.
read more... 18/04/2016