Eni SpA engages in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction, and engineering industries. The company was founded in 1953 and is based in Rome, Italy.
(Bloomberg) -- Royal Dutch Shell Plc and Eni SpA won dismissal of a $1 billion U.K. lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal.A London judge ruled Friday that England has no jurisdiction to try the case as it involves the same essential facts as a separate Italian criminal case.The ruling is a victory for the oil companies, which have been clouded by accusations in a years-old dispute over exploration rights to a tract in the Gulf of Guinea called Oil Prospecting License 245 that has spread to courtrooms throughout Europe.The Nigerian government claims that money the companies paid to acquire the oil exploration license in 2011 was diverted to bribes and kickbacks. It says Shell and Eni are partly responsible for the behavior of Nigerian...
The coronavirus pandemic has indelibly impacted the global energy sector. Although the demand for oil has noticeably dropped and prices have plunged, the pace of shift to renewable energy from fossil fuel is still uncertain.
Italian energy group Eni is working with investment bank Citi to sell natural gas assets in Australia that could fetch up to $1 billion, sources said. The sale, which is expected to be launched next week in a two-round process, could see Eni all but exit from Australia. Eni declined to comment, while Citi was not immediately available for comment.
British investor Legal & General said on Wednesday it would vote against re-electing the chair of Exxon Mobil at a shareholder meeting on May 27, saying the U.S. oil giant had not done enough to tackle climate change. Legal & General Investment Management (LGIM), which has $1.5 trillion under management and owns about 0.5% of Exxon or shares worth about $1 billion, said the U.S. company had not disclosed its full greenhouse gas emissions and had failed to set company-wide emissions reduction targets.