Apple is cleaning up its manufacturing operations in China to reduce the air pollution caused by the factories that have assembled hundreds of millions of iPhones and iPads. [ABC] Oil prices rose above $48 a barrel on Thursday, propelled by technical buying and investors re-evaluating U.S. data that showed falling stockpiles of fuel and higher crude… Keep reading →
Quick Take: Italian energy giant Enel has long been a trail blazer in the utility space. For example, it was years ahead in deploying smart meters. For instance, earlier this year it launched an innovative renewable energy storage system. So what’s next for the pioneering utility? Scroll down to learn about three more intriguing initiatives Enel is… Keep reading →
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 →
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 →
