Company in Italy
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AZERBAIJAN, 2016/09/23
The management of Azerbaijan’s national energy giant SOCAR will any minute at this time discuss the issue of closing a transaction on the acquisition of a 66 % share in the Greek gas operator DESFA.
Chief of SOCAR, Rovnag Abdullayev said that the conference with the Greek government is scheduled for late September.
“I am not eager to keep discussing the issue presently or spread rumors, as we are respectful to the Greek side. We have been engaged in talks and are currently waiting for return offers. All further details will be defined in the upcoming conference,” he said.
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ITALY, 2015/11/02
Rosneft, Pirelli S.p.A. and Synthos S.A. signed a Memorandum of Considerate with regard to the approval of the results of the feasibility study and next cooperation in the implementation of the synthetic rubber plant construction project in Nakhodka.
The document was signed within the Fourth Eurasian Forum in Verona by Rosneft Chairman of the Management board Igor Sechin, Pirelli Tyre S.p.A. Executive Vice Chairman CEO Marco Tronchetti Provera and Synthos S.A. majority stakeholder Michal Solowow.
The signed document underlines the conclusion of the preparation stage of the feasibility study of the synthetic rubber plant construction project in Nakhodka, which included plant conceptual engineering designs and operational requirements, market studies, capital investments and operating costs estimates within the original scope of work agreed in the Memorandum signed in April, 2015.
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ITALY, 2015/05/12
Rosneft decided to buy a share from company Enel for $1.8 billion in the new move to strengthen its presence in the gas market. National-owned Rosneft, the world’s top listed crude oil producer, has been aggressively expanding its gas business with a slew of purchases, inclunding Russian gas company Itera which it bought for $2.9 billion.
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ITALY, 2014/09/10
Fiat Automobiles Serbia, the country’s major exporter, announced on Monday that it had suspended production at its plant in the town of Kragujevac because of the market slowdown, causing anxiety part around 3,000 workers who were ordered to stop working for three days.
"The causes of this temporary setback are external and related to the situation in the European and world automotive markets, which is influenced by the economic crisis," the company said in a statement.
It did not say at the same time as production would resume.
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ITALY, 2014/06/05
Italian premium pasta maker Pastificio Lucio Garofalo announced Wednesday it signed a preliminary agreement to sell a majority 52% stake to the listed, Spanish multinational Ebro Foods for a total investment of 62 million euros.
Ebro Foods is active in the rice, pasta, and condiment sectors, and quoted on the Madrid stock exchange. Garofalo called Ebro Foods an industrial partner with a solid background with which to grow on the basis of a common vision that will "preserve the identity of the company and the product, which owe their distinctive and differentiating traits to the leadership, the workers, inclunding the production site".
Development, the Campanian group said, will continue to be managed by headdquarters in Gragnano. Garofalo Chief Executive Massimo Menna said the transaction enables the Italian company to "consolidate the success of our pasta in the world".
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ITALY, 2013/12/08
Eni has confirmed that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted today gas production from the offshore platform of Sabratha.
Production will start at 4-5 Million cubic meters per day and will gradually increase to reach 11-13 Mcmd during the month of November, during which time all 15 wells on the platform will be progressively reopened. Additional production will as well be added at the same time as the subsea wells are put on stream in 2012.
The gas volumes will be processed at the Mellitah treatment plant complex and again shipped to Italy via the Greenstream pipeline, which was re-opened on October 13th, 2011.
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ITALY, 2013/11/07
The Mellitah gas facilities co-operated by Eni are still up and running despite an ongoing turmoil by a group of armed men.
About thirty men from the Amazigh community in Zuwara began protesting ten days ago at the facilities located in the western part of the country. They are threatening to block Greenstream gas pipeline - which conveys methane to Gela - unless the General National Congress agress to their demands, inclunding the recognition of cultural differences and consensus vote for minority groups. The negotiations are being held without incident.
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ITALY, 2013/04/27
Italian oil and gas industry contractor Saipem is embroiled in a corruption scandal in its Algeria operation that forced the resignation of its veteran CEO Pietro Franco Tali. The company’s engineering and construction Chief, Pietro Varone was suspended pending the ongoing investigation. Energy giant ENI, which owns 40% of Saipem announced the resignation of its own CFO Alessandro Bernini.
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ITALY, 2013/03/12
Italy’s labor minister is criticizing a decision by the Bridgestone tire company to close a plant in southern Italy as “critical and without reason.”
Corrado Passera protested in a letter to the Japanese company, released by the labor ministry Thursday, that the company had failed to work with authorities to find an extra solution.
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JAPAN, 2012/12/23
JX Nippon Oil and Gas Exploration disclosed Thursday that it will acquire Eni's non-operated oil and gas assets in the UK Continental Shelf (UKCS), in line with its strategy of global production of 200,000 barrels of oil equivalent per day (bopd) by 2020.
Through its wholly owned subsidiary, JX Nippon Exploration and Production (UK) Limited (JXNEPUK), the Japanese company will buy Eni's entire interests in 17 producing fields and several discoveries that are either being developed or are expected to be developed shortly.
