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2014-08-01 18:15:00

ENI SELLS & CUTS

ENI SELLS & CUTS

Eni SpA said it will accelerate asset sales, cut costs and slash its refining capacity in half as the Italian oil and gas company seeks to make up for project delays as well as disruptions in some African countries.

Eni—Italy's largest company and one of the biggest, publicly traded oil companies in the West—will sell €11 billion ($14.74 billion) in assets by the end of 2017, a €2 billion increase from a previous business plan presented in February. Saipem,  the company's troubled services unit, isn't a core part of the business and could be sold, Eni said.

The business plan comes the same day Eni reported a…

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Tags: ENI, OIL, GAS, SAIPEM, GAZPROM, STATOIL, RUSSIA, U.S.
Chronicle:
ENI SELLS CUTS
2021, April, 15, 13:09:00
MASTERING WIND POWER 23 – 30 June 2021
Mastering Wind Power LIVE ONLINE COURSE OVER 5 SESSIONS Commences: 23 June 2021 – 30 June 2021 (7 – 10 am)
ENI SELLS CUTS
2021, April, 15, 13:05:00
U.S. OIL INVENTORIES DOWN 5.9 MB TO 492.4 MB
U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.
ENI SELLS CUTS
2021, April, 14, 12:19:58
OIL PRICE: ABOVE $64 STILL
Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.
ENI SELLS CUTS
2021, April, 14, 12:15:00
GLOBAL OIL DEMAND WILL UP BY 6 MBD
In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.
ENI SELLS CUTS
2021, April, 14, 12:10:00
U.S. OIL PRODUCTION WILL UP
Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.
ENI SELLS CUTS
2021, April, 14, 12:05:00
EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
ENI SELLS CUTS
2021, April, 14, 12:00:00
EUROPEAN WIND INVESTMENT $51 BLN
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