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Eni

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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.
Cyprus' President Nicos Anastasiades listens during an interview with the Associated Press at his office in the presidential palace in capital Nicosia, Cyprus. (AP Photo/Petros Karadjias, File)

Cyprus draws Norway parallel after latest gas quest failure

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President Nicos Anastasiades told reporters Thursday he’s not disheartened by the failure of an Italian-South Korean consortium to find commercially viable amounts of gas during exploratory drilling in an area off Cyprus’ southern coast.
Delegates attend an economic conference, in Sharm el-Sheikh, Egypt, Saturday, March 14, 2015. Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country's gutted economy and giving a political boost to its soldier-turned-president. President Abdel-Fattah el-Sissi made his case for the world's support, depicting Egypt as vital to regional stability and a bulwark against Islamic militancy. (AP Photo/Hassan Ammar)

Businesses upbeat on Egypt’s chances at investment meeting

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Saturday’s focus shifted to the private sector, with several companies announcing agreements, including some from Germany’s Siemens AG that were the largest single package signed at the three-day conference.
(AP Photo/Cyprus Press and Information Office, File)

France’s Total says it couldn’t find gas off Cyprus

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The company said Wednesday that it’s now talking to Cypriot authorities on possibly continuing with more exploration work in waters off the east Mediterranean island.
Categories: Crude oil, Exploration
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