Eni SpA (ENI.MI)
28 Jul 2014
|Market Cap (Mil.):||€71,629.79|
|Shares Outstanding (Mil.):||3,634.19|
MILAN/LONDON, July 25 - The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.
* Exxon's $1 bln investment shows some confidence in long-term future
MILAN, July 18 - A one-day strike will shut all of oil and gas group Eni SpA's Italian operations on July 29 to protest at management plans to permanently close or convert some of the company's unprofitable refineries, labour unions said on Friday.
* EnBW, Eni both decline to comment (Recasts, adds details, background, no comment from Eni)
FRANKFURT, July 10 - German utility EnBW and Italy's Eni have agreed a deal for EnBW to buy Eni's stake in their gas grid joint venture in Germany, two sources familiar with the matter told Reuters on Thursday.
* Smaller-scale GTL may provide a way forward (Adds investor quote, paragraphs 14-16)
LONDON, July 10 - Shell will press on with new plants to convert gas to liquid fuels, its investment and technical edge leaving its peers behind in the process once seen as a radical game changer.
* Three-quarters of refineries face problems-union bosses
LONDON, July 7 - Exploring for oil and gas is like gambling: it's all about playing probabilities, and using technology and skill to improve the odds.
(John Kemp is a Reuters market analyst. The views expressed are his own)