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Eni Oil Refinery in Livorno Gets Interest From Investor Group

By Adam L. Freeman and Tommaso Ebhardt Nov. 3 (Bloomberg) — A group of Italian and international investors may offer to buy a refinery in northern Italy owned by Eni SpA, the country’s biggest energy company, according to a petroleum industry trade association. The investors are seeking a meeting soon with Eni Chief Executive Officer Paolo Scaroni [...]

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Italy's Eni posts third-quarter profit rise

... driven by strong production growth and good operational performance in all our divisions," Eni CEO Paolo Scaroni said in the statement. Eni said oil and natural gas production for the third quarter rose 6.3 per cent to 1.76 million barrels a day from the third quarter of 2007, mainly as a result of assets that were acquired in Congo and Turkmenistan early this year:Increased production...

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Italy's Eni 3Q net profits up 37 percent

... strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement.The Rome-based company said adjusted net profit, which excludes changes in the value of inventories and special items, rose 52.7 percent to 2.89 billion euros ($3.77 billion), from 1.89 billion euros ($2.46 billion) a year before.Eni said oil and natural...

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Italy's Eni 3Q net profits up 37 percent

... strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement.

The Rome-based company said adjusted net profit, which excludes changes in the value of inventories and special items, rose 52.7 percent to 2.89 billion euros ($3.77 billion), from 1.89 billion euros ($2.46 billion) a year before.

Eni said...

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Italy's Eni 3Q net profits up 37 percent

... strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement. The Rome-based company said adjusted net profit, which excludes changes in the value of inventories and special items, rose 52.7 percent to 2.89 billion euros ($3.77 billion), from 1.89 billion euros ($2.46 billion) a year before.Eni said oil and natural...

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Italy's Eni 3Q net profits up 37 percent

... strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement.The Rome-based company said adjusted net profit, which excludes changes in the value of inventories and special items, rose 52.7 percent to 2.89 billion euros ($3.77 billion), from 1.89 billion euros ($2.46 billion) a year before.Eni said oil and natural...

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Italy's Eni 3Q net profits up 37 percent

The company said in a statement that net profit increased to 2.94 billion euros ($3.83 billion) from 2.15 billion euros ($2.8 billion) in the same period a year earlier."Eni has delivered another quarter of excellent results driven by strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement.The Rome-based company...

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Italy's Eni 3Q net profits up 37 percent

... strong production growth and good operational performance in all our divisions," chief executive Paolo Scaroni said in the statement.The Rome-based company said adjusted net profit, which excludes changes in the value of inventories and special items, rose 52.7 percent to 2.89 billion euros ($3.77 billion), from 1.89 billion euros ($2.46 billion) a year before.Eni said oil and natural...

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UPDATE 1-Eni Q3 adj net, output beat forecasts

... driven by strong production growth and good operational performance in all our divisions," Eni CEO Paolo Scaroni said in the statement.Hydrocarbon output was 1.76 million barrels of oil per day equivalent (boepd), up 6.3 percent from the year before and above analysts expectations of a 1.752 million boepd output.

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Gazprom, Eni, Enel agree to develop Russian assets

MOSCOW, October 30 (RIA Novosti) - Gazprom, Italian electricity company Eni, and oil and gas giant Enel have agreed to develop Italian assets in Russia, the Russian energy giant said on Thursday. Eni CEO Paolo Scaroni, Enel CEO Fulvio Conti and Gazprom chief Alexei Miller met in Rome to agree on further implementation of the partnership between the three companies. The parties signed...

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Eni, Enel & Gazprom Shake Hands to Develop Russian Assets

In view of the meeting between the Italian Prime Minister Silvio Berlusconi and the President of the Russian Federation Dimitrij Medvedev, to be held on November 6 in Moscow within the Group of intergovernmental consultation ITALY-RUSSIA, Eni CEO Paolo Scaroni, Enel CEO Fulvio Conti and Chairman of Gazprom Alexey Miller, met today in Rome to define the further developments in the implementation...

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Oil and Money conference a Review

Oil and Money conference The New Realities of High-Cost Oil October 28-29, 2008 InterContinental London Park Lane The Oil & Money Conference, hosted by Energy Intelligence and the International Herald Tribune, is an annual industry summit where the world’s most influential decision-makers examine the macroeconomic and geopolitical issues that are shaping the international oil and gas industries. This...

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BP, Valero, Oxy profits climb, but caution ahead

... helping the Los Angeles-based company take advantage of the high oil and gas prices.In London, Paolo Scaroni, the chief executive of Italian oil company Eni (ENI.MI: ), sounded a cautionary note, telling reporters at an oil conference that companies had probably seen the end of record profits because of the more than 50 percent drop in oil prices since July.PANIC OVER REASONThe Standard...

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Record rig costs will jeopardise deepwater oil projects

... service costs will decrease, so at $65 per barrel we expect costs will also go down as well,” said Paolo Scaroni, chief executive of Italian oil firm Eni. The oil price fall and tight financial markets have prevented companies from finding credit to undertake their oil and gas field development plans. Brazil has already acknowledged that the lower oil price is delaying its plans to...