Eni

"Eni" Opening Exhibition At The Pinacoteca Agnelli

Outgoing Eni CEO Paolo Scaroni sees the volatile standoff between Western powers and Russia over the Kremlin’s actions in Ukraine as a new low point for European energy security. Italian oil and gas company Eni serves as a conduit for gas sourced from Gazprom and delivered to European customers, a position that could be jeopardized… Keep reading →

"Eni" Opening Exhibition At The Pinacoteca Agnelli

Italian oil and gas giant Eni’s CEO Paolo Scaroni was reportedly sentenced to 3 years in prison by a court in the north-eastern town of Rovigo on pollution charges stemming from his stint at the helm of Italian utility Enel. Apparently the Porto Tolle power plant was not in compliance with environmental regulations during Scaroni’s… Keep reading →

Temperatures Plunge In Moscow

Russian gas independent Novatek and Gazprom oil-producing arm Gazpromneft have agreed to a $2.94bln deal to buy Italian Eni‘s stake in SeverEnergia, which is expected to produce 36 billion cubic meters of gas and liquids by 2017, equivalent to two-thirds of Novatek’s production, according to Reuters. A joint venture of Eni and Italian Enel has a 49% stake in SeverEnergia, of which Eni controls 60%. Investment… Keep reading →

UEFA EURO 2012 Final Draw Ceremony

Chevron has signed a $10 bin, 50-year agreement with the government of Ukraine to explore for and develop oil and gas in the Olesska field in the western part of the country. Chevron is expected to spend $350MM for exploration over two to three years. Ukraine has a strong interest in developing its domestic resources as a means of reducing… Keep reading →

Houston Scenics

Well it’s not quite that dramatic, but Houston was passed over as host of the 2017 World Petroleum Congress in favor of Istanbul, Turkey. The Texas energy capital hosted the event in 1987 and nearly won the honors for the 2014 event, narrowly losing out to Moscow. [Houston Business Journal] Eni drilled a successful appraisal… Keep reading →

Tiziano Exhibition "Donna allo Specchio" - Press Preview

The shale gas revolution and the flood of cheap gas it unleashed have been great for US economic competitiveness, but its effects are far less favorable for Europe, said Paolo Scaroni, chief executive of Italy’s Eni, at the Council on Foreign Relations in New York yesterday. “Gas prices in Europe are three times as high as… Keep reading →

Prix de l'Arc de Triomphe - Arrivals

Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →

CHINA-ENVIRONMENT-THEME-POLLUTION

China has enacted new measures to improve air quality, including a mandate that heavy polluters, such as coal-fired power plants, reduce emissions by 30% per unit of economic output by the end of 2017, and publicly release environmental information. Certainly seems like a step in the right direction for a country whose capital city’s pollution… Keep reading →


Accounting firm Ernst & Young released its Oil & Gas Center’s quarterly outlook this week highlighting the major trends expected in various petroleum industry sectors over the near term. It’s done on a quarterly basis and provides an overall view of main themes to be watching. It is primarily generated as an internal document, “so everyone knows what’s going on and highlights are sent to clients,” Foster Mellen, Senior Analyst with Ernst &Young’s Oil & Gas Practice told Breaking Energy.

Some points of interest include the long-overdue startup of Kazakhstan’s giant Kashagan field and how companies may cope with US natural gas prices that have persistently remained below historical norms. Keep reading →


Sustained growth in spending on exploration and production across the globe will focus on plays outside North America, a survey from a global bank concludes, despite the country’s growing profile and its potential to become the top global crude producer in coming decades.

Global exploration-and-production spending is poised to reach a record $644 billion by the end of 2013, a semi-annual Barclays analysis predicts. The spending report also foresees strong oil prices, which have emerged as the principal bellwether for growth in E&P budgets. Keep reading →

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