Egypt is near an agreement with Italian oil major Eni to offer the company a more competitive price for the natural gas it extracts in the energy-short country, an Egyptian official told Reuters.
Italian oil major Eni said it had been awarded three new exploration licences in Egypt as it grows its footprint in Africa.
State-controlled Eni said in a statement it had been the successful bidder for the lic
Russia's Gazprom reached an agreement with Eni yesterday giving the Italian oil major a cut in the price it pays for Russian gas, days after Moscow clinched a groundbreaking gas deal with China.
The agreement, signed by the gr
Iraq has approved major contract items for Eni's giant oilfield project in its south, just hours after the Italian company threatened to pull out if red tape was not cut and Angola's Sonangol quit projects in the north due to security co
Algeria has issued international arrest warrants for nine individuals, including former oil minister Chakib Khelil, the official APS news agency said on Monday.
Also on the Attorney General's list of warrants were Khelil's
Baghdad and a group led by Italy's Eni have agreed to cut the planned output target at Iraq's Zubair oilfield to allow this southern giant to pump more for a longer period.
Iraqi Oil Minister Abdul Kareem Luaibi said on Th
Iraq's cabinet has approved an $843 million service contract with US oilfield services company Weatherford to build crude production units in the Zubair oilfield.
Italy’s Eni, US-based Occidental Petroleum Corporation and South Korea’s
Qatar is ploughing more of its commodity wealth back into the gas sector with the purchase of a major stake in Royal Dutch Shell while also reportedly eyeing a chunk of Italian oil major Eni.
A Shell spokeswoman confirmed the purchase whil
UK-based Expro, a leading international well flow management company, said it has consolidated its position in fluids market with three major contract wins in Iraq.
Expro is a market leader in providing services and products that measure,
An Iranian oil official has confirmed that Iran owes Italian energy major Eni some $2 billion worth of oil that Rome is concerned could be put at risk by a European Union embargo on crude imports from the Islamic Republic.