Search results for: Eni

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  • 22 April 2020
    Business & Finance, Business developments & projects, Exploration & Production

    The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.

  • 9 February 2017

    By Bartolomej Tomic Italian prosecutors have reportedly charged Eni and its CEO Claudio Descalzi with international corruption over the controversial acquisition of an offshore block in Nigeria in 2011. Apart from Descalzi, the charge reportedly extends to the former CEO Paolo Scaroni and nine other people involved in the $1.3 bilion deal. Scaroni served as […]

  • 1 October 2019
    Business & Finance

    Eni has said it has received confirmation from the U.S. Department of Justice that the DOJ has closed its investigation of Eni with respect to the Nigerian offshore license OPL 245 and Algeria matters without taking any action.

  • 28 October 2016

    Italian oil and gas company Eni on Friday reported a second-quarter net loss, caused by low oil and gas prices.

  • 19 October 2015

    The President of the Republic of Egypt, Abdel Fattah Al-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi, met in Cairo to discuss Eni’s activities in the country.

  • 1 June 2015

    Italian oil and gas company, Eni, has informed that an audit by an independent U. S. law firm found no evidence of illegal conduct in relation to Eni and Shell’s acquisition of OPL 245, offshore Nigeria.  In 2014, the Milan Prosecutor’s office launched an investigation into over $1 billion worth acquisition of block OPL 245 by Eni […]

  • 27 September 2019
    Business & Finance

    Claudio Descalzi, CEO of Italian oil company Eni, is under investigation for a potential conflict of interest with regards to contracts awarded by Eni Congo S.A. to Petroservice. Descalzi firmly rejects the allegation.

  • 22 July 2020
    Authorities & Government, Business & Finance, Business developments & projects, Regulation & policy

    Eni considers that the Public Prosecutor’s requests for conviction of the company and its executives in the Nigeria bribery case are completely groundless.

  • 1 March 2017

    Italian oil giant Eni is adamant it did nothing wrong when it, together with Shell, bought a stake in the OPL 245 field in Nigeria back in 2011. To remind, according to reports from February, Italian prosecutors have charged Eni and its CEO Claudio Descalzi with international corruption over the controversial 2011 offshore block acquisition […]

  • 10 April 2013
    Business & Finance

    The Prime Minister of the Republic of Mozambique, Alberto Vaquina, and Eni’s CEO, Paolo Scaroni, met today in Rome to discuss Eni’s activities in the country. During the meeting, Eni’s CEO updated the Prime Minister on the progress of ongoing projects, which are considered strategic for both Eni and Mozambique. In Mozambique, Eni is the […]

  • 24 October 2018
    Business & Finance

    Credit rating’s agency Moody’s has downgraded Italian oil company Eni’s long-term credit rating to Baa1 from A3 with Stable Outlook.

  • 28 March 2016

    MILAN/LONDON (Reuters) – Exxon Mobil is in talks to buy a stake of around 15 percent in Italian oil major Eni’s giant Area 4 gas field in Mozambique, two sources familiar with the matter said. Exxon is seen as a front-runner to buy into Eni’s gas development and this would be the U.S. firm’s first […]

  • 28 February 2020
    Business & Finance

    Italian oil and gas company Eni booked a loss in the fourth quarter of 2019 compared to a profit in the same period of 2018 despite record production driven by project ramp-ups and start-ups. According to its quarterly report on Friday, Eni’s adjusted operating profit was €1.8 billion in the fourth quarter, down by 40% […]

  • 2 November 2015

    Italy’s Eni and partners have been awarded A5-A block offshore Mozambique in the fifth competitive bidding round.

  • 30 October 2012

    Italy’s Eni, the international oil and gas company, today net profit of €6.33 billion for the nine months and €2.48 billion for the quarter 2012. The oil company’s net profit was at €5.61 billion for the nine months (an increase of 4.6%) and €1.78 billion for the quarter (up 3.1%). Oil and natural gas production […]

  • 18 February 2015

    Eni of Italy posted adjusted net profit of €3.71 billion for the full year 2014, down 16% as compared to the year before.

  • 26 February 2016

    Italian major Eni reported a loss in the fourth quarter of 8.46 billion euros ($9.36 billion) after it booked sizeable impairments due to low oil and gas prices. Eni posted an 8.8 billion euros net loss for the whole year of 2015. On a standalone basis, Eni said its adjusted net loss in the fourth quarter […]

  • 17 November 2014
    Business & Finance

    The Chairman of Sonangol, the National Oil Company of Angola, Francisco de Lemos Maria, and Eni’s CEO Claudio Descalzi signed today a strategic agreement on future co-operation activities and joint projects in the oil and gas sector to develop in the country. Under the agreement, Eni and Sonangol will set up a joint team aimed […]

  • 22 April 2016

    Eni’s Goliat field located in the Barents Sea, offshore Norway, has been hit by a gas leak.  After several media reports said there has been a gas leak on Eni’s Barents Sea field, Offshore Energy Today has reached out to the Norwegian offshore safety agency, the Petroleum Safety Authority, as well as the operator of […]

  • 3 October 2012
    Business & Finance

    Kazakhstan’s President Nursultan Nazarbayev and Eni CEO Paolo Scaroni met yesterday in Astana for the VII Kazernergy Eurasian Forum. During the meeting, which was cordial and constructive, Eni’s CEO shared the developments and results of the company’s ongoing activities in the country with the President, affirming Eni’s positive vision of the primary importance projects that […]

  • 3 October 2012

    Kazakhstan’s President Nursultan Nazarbayev and Eni CEO Paolo Scaroni met yesterday in Astana for the VII Kazernergy Eurasian Forum. During the meeting, which was cordial and constructive, Eni’s CEO shared the developments and results of the company’s ongoing activities in the country with the President, affirming Eni’s positive vision of the primary importance projects that […]

  • 29 October 2018
    Business & Finance, Exploration & Production

    Italian oil company Eni, French Total, and  Algerian state-owned Sonatrach have signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.