The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

Eni sells remaining stake in Portuguese oil firm

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The sale comes after Eni last month disposed of a 12.5 percent stake in Saipem SpA in a bid to remove Italy’s oil services company’s debt from its balance sheet.
Categories: Crude oil, Deals
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OTC-Models

From space travel to video games, Big Oil pulls tech collaborators from a range of industries

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An arsenal of oil and gas gadgets includes a lot of tech that was developed by industry outsiders.
A worker adjusts hoses during a hydraulic fracturing operation at an Encana Corp. gas well, near Mead, Colo. (AP Photo/Brennan Linsley)

Proposed fracking in Ohio national forest gets hearings

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Attendees of a series of U.S. Bureau of Land Management hearings being held this week say both opponents and supporters have been out in force.
A column of smoke comes off the West Delta 32 complex in the Gulf of Mexico after an explosion on a Black Elk platform on Nov. 16, 2012. (U.S. Coast Guard)

Manslaughter charges filed in deadly 2012 platform blast

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The blast killed three Filipino workers — Avelino Tajonera, Ellroy Corporal and Jerome Malagapo — and injured several others.
(Andrey Rudakov/Bloomberg)

Shell’s BG deal cleared by Australian competition regulator

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Shell’s takeover has already won key regulatory approvals from the U.S., the European Union and Brazil.
conoco

ConocoPhillips approves $900 million Arctic reserve project

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The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Rock Energy targeted for board shakeup by activist FrontFour

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The changes are necessary “in order to effect immediate and significant changes to the board in order to preserve and enhance shareholder value,” FrontFour said in a statement Thursday.
US Secretary of State John Kerry leaves after a group picture of Iran nuclear talks at Austria International Centre in Vienna, Austria on July 14, 2015. Major powers clinched a historic deal aimed at ensuring Iran does not obtain the nuclear bomb, opening up Tehran's stricken economy and potentially ending decades of bad blood with the West.   AFP PHOTO / POOL / CARLOS BARRIACARLOS BARRIA/AFP/Getty Images

Iran sanctions might be lifted in January as atomic gear removed

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Iran removed 4,530 centrifuges during the 28 days ending Nov. 15, a rate of 162 machines per day, according to an International Atomic Energy Agency report issued late Wednesday.
Categories: Crude oil
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Joining Piper Jaffray in $139 million sale will help Simmons & Co. tackle new oil work

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Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
(Daniel Acker/Bloomberg)

Pair of DJ Basin pipelines joining into single project

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The combined pipeline will run from Colorado to the oil logistics hub in Cushing, Oklahoma more than 550 miles away.