Italy | Egypt Oil & Gas - Part 9
Italy’s Saipem to Work on Offshore Gas Pipeline
Italy’s Saipem has bagged an order to lay the subsea Trans Adriatic Pipeline (TAP) that will bring Azeri gas into Italy, the oil contractor said, Reuters reported. The company, jointly controlled by Italian oil ...
Italy and Iran Ink Energy Deals Potentially Worth Billions
Italy and Iran signed several deals potentially worth billions during Prime Minister, Matteo Renzi’s, visit to Tehran in April in which both countries expressed their desire to restore their mutual ties followin...
Algeria Sees Surge in Gas Exports to Europe in Q2
Algeria has seen an unexpected surge in pipeline gas exports to Italy and Spain at the start of Q2 of 2016, reported Platts. Supplies to Italy hit a new three-year high of 65. 5mcm and they are up more than four-fold ...
Eni Acquires License for Ghana Offshore Oil&Gas Exploration
Italy’s oil and gas company, Eni, has been awarded an exploration license off the coast of Ghana, the company said in a statement. According to News Ghana, the new offshore license, the Cape Three Points Block 4, is l...
Italy’s Economic Minister Resigns Amid Oil Probe
Italy’s Economic Development Minister, Federica Guidi, has resigned amid allegations that she might have used her influence to help in the development of an oil field that would benefit her boyfriend, Gianluca Gemelli...
Exxon Mobil Eyes Eni’s Gas Field in Mozambique
Exxon Mobil, the US company is in talks with Eni to buy around 15% of the Italian major’s Area 4 gas field in Mozambique, Reuters informed. According to The Wall Street Journal, the acquisition may amount to as...
Eni Plans $14b in Cost Cuts, Asset Sales
Italy’s Eni revealed its intention to cut investments and selling down stakes in oil and gas fields to help it prop up dividends and become a leaner exploration-driven player focusing on gas, according to its 20...
Italy to Hold Referendum on Offshore Drilling
Italy’s Constitutional Court gave the green light to a national referendum on the duration of oil and gas drilling concessions in the country, which is to be held on 17th April, muddying the waters for companies...
