Nigeria court orders forfeiture of ex-oil minister's luxury $37.5m property

2017-07-20 19:06

A Nigerian court has ordered the temporary forfeiture a $37.5m property belonging to the country's ex-oil minister, with prosecutors alleging it was bought with ill-gotten funds.

Qatar studies Mozambique's gas fields

2016-09-12 18:15

Sources say Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil.

ENI to invest €20bn in Africa

2016-04-15 15:00

Italy's Eni plans to invest about €20bn in Africa over the next four years, mostly in oil and gas, the company's chief executive officer Claudio Descalzi says.

Eni discovers 15bn cubic metres of gas in Egypt

2015-07-20 12:13

Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production set to start in two months.

First oil from Congo's Nene field soon

2014-11-05 11:07

Italian oil and gas firm ENI expects first oil from its Nene field, off the coast of Congo, before year-end.

Africa set for an oil and gas boom

2014-09-04 05:00

Africa's energy industry could soar in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract investment, a report says.

Italian giant enters SA exploration deal

2014-06-10 11:46

An Italian oil and gas group has agreed to buy an interest in an exploration permit granting rights to explore off South Africa's east coast.

Italian govt brings in new management

2014-04-15 10:25

The government of Italian Prime Minister Matteo Renzi has put new faces onto the boards of the country's biggest state-controlled companies.

Greenland eyes mines, says prime minister

2014-01-21 20:31

Greenland will push ahead with a uranium and rare earths mine, despite objections as the melting of the polar ice cap unlocks the country's mineral riches.

World's costliest oil field starts flowing

2013-09-11 18:30

Investors in the mammoth Kashagan Caspian Sea project sighed in relief as the first drops of oil began trickling from the world's most expensive oil field.


Nigeria's Jonathan named in Italian 'kickback' probe

2017-01-10 12:36

Italian prosecutors have alleged that Nigeria's former president Goodluck Jonathan and his oil minister received kickbacks as part of a $1.3bn deal involving oil giants ENI and Shell.

Nigeria's president to visit restive oil region

2016-05-31 13:41

Muhammadu Buhari will make his first visit as president to Nigeria's oil-producing south, which has been divided by an upsurge in violence from militants.

ISIS claims Tripoli car bomb near oil firm

2015-09-01 21:04

ISIS has claimed a car bomb attack against an oil company co-owned by Italy's Eni in the Libyan capital that injured one person.

Ghana inks $6bn deal with oil giant Eni

2014-11-24 20:45

Ghana has accepted a bid from Italian oil major Eni to develop its offshore oil and gas resources, part of an effort to boost the country's energy sector.

Africa set to switch on gas-to-power potential

2014-10-16 14:45

Africa's under used gas reserves are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies.

LNG investment of $30bn in Mozambique

2014-08-22 10:55

More than $30bn will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas.

Mozambique mulls sovereign wealth fund

2014-05-30 11:08

Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, says the country's finance minister.

Iran plans to win back Western business

2014-01-23 14:14

Iran will have a new, attractive investment model for oil contracts, say Iranian President Hassan Rouhani and Oil Minister Bijan Zanganeh.

Berbers 'halt flow' of Libya gas to Italy

2013-11-06 23:04

Berber protesters occupying a gas terminal at Mellitah in western Libya say they are cutting off the Greenstream gas pipeline that delivers supplies to Italy.

China buys into Kazakh oilfield for $5bn

2013-09-08 13:15

China's President Xi Jinping will oversee his country's entry into Kashagan, a vast oilfield in Kazakhstan, as he tours post-Soviet Central Asia.

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