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Eni

A General Electric Co. employee assembles a component for a gas turbine at the company's factory in Belfort, France. (Fabrice Dimier/Bloomberg)

GE books $2.5 billion African orders from oil to locomotives

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GE expects to seek financing for projects worth at least $1.5 billion in Africa each year as it expands its footprint in a region increasing investment in infrastructure development, and exploitation of its natural resources.
Categories: Africa, Crude oil
FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Eni CEO: Iran could double oil output by 2020

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The flood of Iranian oil into a global market that’s already oversupplied will keep crude prices low for the rest of the decade, Eni SpA Chief Executive Officer Paolo Scaroni said on Wednesday.
A liquefied natural gas (LNG) tanker operated by Energy Advance Co., a unit of Tokyo Gas Co., is moored at the company's Sodegaura plant in Sodegaura City, Chiba Prefecture, Japan, on Thursday, March 22, 2012. (Tomohiro Ohsumi/Bloomberg)

$71 billion in U.S. LNG projects not needed in low-carbon world, group says

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The shale revolution spurred a flurry of proposals to build new U.S. export terminals to ship LNG overseas, but investors should take a long hard look at the projects they intend to fund amid a push to limit global warming within 2 degrees Celsius in the next century.
Categories: LNG
drill rig

Rig rout puts smaller drillers in front as oil majors scale back

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Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

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As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.
Patrick Pouyanné, CEO of French oil company Total, speaks at the IHS Energy CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

European Big Oil opens schism on climate with U.S. rivals

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“It’s clear that the subject isn’t viewed in the same way on both sides of the Atlantic,” Total SA Chief Executive Officer Patrick Pouyanne, one of the signatories, said on Monday at a press conference in Paris. “We are working with those who come forward.”
(AP Photo/Hussein Malla)

Eni’s Libya output above pre-war levels at 300,000 barrels a day

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The number cited is higher than the 280,000 barrels a day that Rome-based Eni produced in Libya before the ousting of former leader Muammar Qaddafi in 2011.
(AP Photo/ Louis Lanzano)

Wall Street models fail as Big Oil crushes estimates

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Exxon Mobil Corp., BP Plc and other major oil producers beat analysts’ profit estimates by an average of 46 percent for the first quarter, according to data compiled by Bloomberg
Escalating political tensions that led to across-the-board federal budget cuts are putting a drag on the benefits of the oil and gas boom, CERAWeek panelists said. (Nick de la Torre/Houston Chronicle)

CERAWeek: Europe’s natural gas network is lacking, Eni boss says

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Europe’s natural gas markets have been handicapped by a lack of infrastructure, essentially creating many separate segments instead of one united market, CEO Claudio Descalzi told CERAWeek attendees.
(AP Photo/Gerald Herbert, File)

Exxon Mobil starts production at its new deepwater project in the Gulf

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Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.