|Bid||15.938 x 0|
|Ask||15.942 x 0|
|Day's Range||15.916 - 16.310|
|52 Week Range||12.940 - 16.890|
|PE Ratio (TTM)||17.18|
|Forward Dividend & Yield||0.80 (4.88%)|
|1y Target Est||N/A|
Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion (965.04 million pounds) oil deal in Nigeria. Now, nine current and former executives or contractors from Italy's Eni(ENI.MI) and British-Dutch giant Royal Dutch Shell (RDSa.L), including ENI Chief Executive Claudio Descalzi, have been accused by Italian prosecutors of paying bribes to secure the licence to explore a large offshore oilfield in 2011. All deny wrongdoing, as do Shell and Eni.
Total (TOTF.PA) will pull out of a multibillion-dollar gas project in Iran if it cannot secure a waiver from U.S. sanctions, the French energy company said on Wednesday. Companies are starting to take matters into their own hands as European and some other governments struggle to save an international nuclear deal with Iran after the United States withdrew and said it would reinstate sanctions on Tehran. Total signed a contract in 2017 to develop phase 11 of Iran's South Pars field with an initial investment of $1 billion (£741 million) - a contract Tehran repeatedly hailed as a symbol of the accord's success.
Total will pull out of a multibillion-dollar gas project in Iran if it cannot secure a waiver from U.S. sanctions, the French energy company said on Wednesday. Companies are starting to take matters into ...
(Reuters) - French energy company Total (TOTF.PA) said on Wednesday it may pull out of the Iran South Pars 11 (SP11) energy project in light of U.S. President Donald Trump's decision to withdraw from an ...
Eni SpA (E) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Turkish President Erdogan said that the Eastern Mediterranean will face a security threat should Cyprus continue its unilateral operations of offshore oil and gas exploration in the region
The trial of top executives from oil majors Eni (ENI.MI) and Shell (RDSa.L) over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and a decision to re-adjourn next month. At the next hearing, set for June 20, the Milan court said it would assess requests from third parties, including a series of international non-profit organisations, to join the case. At Monday's hearing Domenico Cartoni Schittar, a lawyer representing the Nigerian government, said he was stepping down from his role.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The chairman of WPP Plc is facing ...
Algerian state energy company Sonatrach will focus on petrochemical deals to reduce the North African country's fuel imports while boosting revenue, its chief executive said. Last week Sonatrach said it planned to buy ExxonMobil’s (XOM.N) 175,000 barrel per day (bpd) Augusta refinery in Sicily, Italy, and on Friday it signed a $1.5 billion deal with France's Total (TOTF.PA) deal to build a polypropylene plant in Algeria. "Definitely petrochemicals are a top priority as we need to do more with less, to get more revenue with less oil and gas.
The Milan public prosecutor alleges that $520m from a 2011 deal to buy rights to a vast oil block off Nigeria’s coast was converted into cash and intended to be paid to the then Nigerian resident Goodluck Jonathan, members of the government and other Nigerian government officials. The prosecutor further alleges that money was also channelled to Eni and Shell executives, with $50m in cash delivered to the home of Eni’s then head of business for Sub-Saharan Africa, Roberto Casula.
European oil companies are not ruling out reducing Iranian oil imports after the threat of new U.S. sanctions, with some expecting banking issues to hinder trade, but there was no rush to immediately cut volumes. U.S. President Donald Trump said on Tuesday the United States was exiting an international nuclear deal with Iran and would impose new sanctions that seek to reduce oil exports from OPEC's third-largest producer.
Eni (ENI.MI) has recouped all outstanding payments that Iran owed the Italian oil company for past investments and has no plans for any new projects, Chief Executive Claudio Descalzi told shareholders at its annual meeting on Thursday. Descalzi was responding to questions after Washington decided to impose new sanctions against Iran and abandon a 2015 international agreement which had curbed Tehran's nuclear activities in exchange for removal of U.S. and European sanctions. Eni's only remaining activity in Iran is the monthly purchase of 2 million barrels of oil as part of a contract that expires at the end of the year, Descalzi said, adding that any new sanctions would take six months to kick in.
Eni has recouped all outstanding payments that Iran owed the Italian oil company for past investments and has no plans for any new projects, Chief Executive Claudio Descalzi told shareholders at its annual ...
Below is a list of deals and memoranda of understanding (MoU) that Iran has signed with foreign companies, which could now be under threat amid speculation Washington could impose secondary sanctions on firms that continue to work with Tehran. The firms included Shell, Total, Italy's Eni (ENI.MI), Malaysia's Petronas [PETR.UL] and Russia's Gazprom (GAZP.MM) and Lukoil (LKOH.MM), as well as companies from China, Austria, Japan and elsewhere.
LONDON/MILAN, May 8 (Reuters) - Italian stocks were a weak spot in the broader European market on Tuesday as the threat of a snap election grew, while earnings and deal-making sparked some large individual moves elsewhere. Italy's FTSE MIB closed 1.6 percent lower amid worries about political turmoil in the euro zone's third-largest economy. Markets are starting to feel the pressure of elections," said Carlo Franchini, head of institutional clients at Italy's Banca Ifigest.
A planned pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion (590 million and 737 million pounds), Egyptian Petroleum Minister Tarek El Molla said on Monday. Egypt has rapidly increased its production of natural gas and hopes to become a hub for exporting to Europe after making a series of big discoveries in recent years. Molla, speaking at a joint news conference with Cyprus Energy Minister Yiorgos Lakkotrypis, said Cypriot gas would be used in part for domestic consumption and in part for export.
Moody's Investors Service, ("Moody's") has today affirmed the Ba1 corporate family rating (CFR), the Ba1-PD probability of default rating (PDR), and (P)Ba1 senior unsecured MTN program rating of Saipem S.p.A. (Saipem) and the Ba1/(P)Ba1 senior unsecured notes and program ratings of Saipem Finance International B.V. The outlook on all ratings remains stable. The rating action reflects Moody's expectation that adjusted leverage will remain below 4.0x and FFO/debt at around 20% for the next 12 - 18 months despite the company's guidance of further falling EBITDA in 2018. The offshore drilling market has been very weak for a number of years, which has impacted Saipem's operating performance materially.
Eni's (E) first-quarter 2018 results gain from higher production as well as increased oil and gas prices realizations, partially offset by mature field declines.
Indonesian President Joko Widodo on Wednesday slammed state-owned oil firm Pertamina, saying it hadn't invested enough in exploration, while blasting red tape hobbling the industry and urging investors to report problematic rules to him directly. Widodo's comments come after the government in April sacked Pertamina's chief executive after repeated clashes with the government over fuel price controls estimated to have cost the firm some $1.4 billion from January to September last year. "What often makes me shake my head in the oil and gas sector, for example, is Pertamina," said Widodo, speaking at the opening of the annual Indonesia Petroleum Association (IPA) conference.