Eni, the Italian energy giant, has confirmed its decision to purchase Neptune Energy, a private equity-backed company, for $4.9 billion, marking the largest cash transaction in Europe’s oil and gas
Italy’s Eni signs $8 billion gas deal with Libya
TRIPOLI (Reuters) – Italian energy company Eni and Libya’s National Oil Corporation (NOC) have signed an $8 billion gas production deal, Eni’s chief executive Claudio Descalzi said on Saturday.
BP began shipping liquefied gas (LNG), from Mozambique to Europe
BP began shipping liquefied gas (LNG), from Mozambique’s vast new reserves opening up resources that could ease Europe’s energy crisis.
Europe is headed for recession as the cost of living crisis worsens
The eurozone is likely to enter a recession. Monday’s surveys showed that the cost of living is increasing and consumers are cautious about spending.
As Russia reduces gas flow, Europe could shift back to coal.
Europe’s largest Russian gas buyers raced Monday to find other fuel sources. They could also burn more coal to deal with lower gas flows from Russia, which could lead to
Gas flows from Gazprom to Italy down by 15%
According to Eni, the gas flows from Russia’s Gazprom into Italy were down by around 15% Wednesday, compared to the previous day. The spokesperson added that there was no explanation
Turkish trouble for Cyprus as gas exploration expands
The search for natural gas off Cyprus is accelerating, with several companies due to drill new wells to confirm recent discoveries, test prospects and develop known resources. Cypriot Energy Minister
Oil majors reverse decade of stalled growth to beat supply crunch fears
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo Oil majors