Displaying 31 - 40 of 117 articles
Bill Higgs, CEO of Mediterranean Oil & Gas, characterizes 2011 as a transformational year for the company, but 2012 he calls “exciting,” considering the company’s potential this year to de risk its Ombrina Mare oil and natural gas development. Recently, Mediterranean received some...
The Italian competition authority has approved the sale of a 30 per cent stake in Italian pipeline operator Snam to Italian national lender Cassa Depositi e Prestiti (CDP). CDP has agreed to acquire a 30 per cent stake in the transmission network after Eni was required to sell the stake to maintain...
The Trans Adriatic Pipeline took a step forward in receiving the official backing of Greece and Italy in the contest to move Caspian gas to Europe. Support for TAP came today at a meeting held in Rome between Greek Foreign Minister Dimitris Avramopoulos and his Italian counterpart Giulio Terzi. “This...
Northern Petroleum has begun operations in Italy's gas-rich Po Valley with the drilling of the La Tosca-1 evaluation well. The company say today that it is targeting a 43 billion cubic feet of gross mean prospective resource gas prospect within the Eastern Po Valley Basin in Italy. The La...
Mediterranean Oil & Gas (MOG) has today welcomed the ratification of a decree which will see certain Italian offshore area open to drilling and exploration operations. The decree, Decree 83/2012, which was approved and ratified by the Italian parliament on Friday, revises an earlier law that had...
Italian refiner and seller ERG has said that it is withdrawing from a planned LNG terminal project in Melilli, Italy citing changes in the financial scenario of the company. ERG had previously entered into a joint venture with Shell Energy Europe, Ionio Gas with each taking a 50 per cent stake in the venture.
Eni today has announced increases in both profit and output for the first half of 2012. In a statement released today to mark the release of its Q2 and H1 results, the company said it had increased profit by 8 per cent for the first half of 2012 bringing it to a profit of €3.94 billion. The company...
On July 23 in Sochi, Russian President Vladimir Putin obtained a verbal endorsement of Gazprom’ South Stream project from Italy’s new prime minister, Mario Monti, on his first visit to Russia in that capacity. Italy’s state-controlled oil and gas company, ENI, is a shareholder in South...
Australian-listed Po Valley Energy is set to secure a second exploration licence in Italy just a week after it secured its first offshore exploration licence in the country. The company has today been awarded a preliminary exploration permit for the Torre del Moro licence, a licence area which is adjacent...
Russian President Vladimir Putin and Italian Prime Minister Mario Monti have both stressed the importance of the South Stream pipeline project, following a meeting between the two yesterday. Following the meeting yesterday, President Putin told reporters that the project remained important to a number...
