The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.» Read More
Tensions between Russia and the West have flared once again—this time over gas supplies, but fund managers say Iran-style sanctions look unlikely.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks as well as Argentina's large unconventional resources and Mexico's fast-track energy reforms.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks, Argentina's large unconventional resources and Mexico's fast-track energy reform.
Companies are preparing to launch unmanned aircraft in the Arctic this summer to aid in energy exploration, climatology research and shipping.
Paolo Scaroni, CEO of ENI, says the company is comfortable growing its dividend and continuing with its share buyback program.
Winter weather probably took a bite out of January's retail sales, while jobless claims data may also be affected.
Italian energy company Eni started closing the flow stations on a large Nigerian pipeline because of a fire.
"I am doubtful that Libyans will not catch this opportunity of becoming the new Abu Dhabi or the new Qatar," says Eni CEO Paolo Scaroni.
Paolo Scaroni, CEO of ENI, says the company will continue to supply fuel to Alitalia if the airline's survival is assured.
The Italian cabinet on Thursday is set to unveil tax incentives, consulting services and faster start-up rules for foreigners doing business in Italy, in a drive to lure more foreign investment.
U.S. crude oil prices climbed to the highest level in 10 days, after better-than-expected employment and manufacturing data brightened the economic outlook.
European shares closed mixed on Wednesday despite investor sentiment being boosted by better-than-expected gross domestic product (GDP) growth from the U.S.
U.S. stock index futures shaved their early gains following a weaker-than-expected durable goods orders report and as Apple shares weighed.
Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
Ireland is currently a 100 percent importer of oil, but Providence Resources means to produce 70 percent of the republic's demand.
Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
Paolo Scaroni, CEO of ENI, promised to develop a plan of share buy back, if oil prices stay as high as where they are today, adding every time he makes a forecast on oil prices he is wrong.
Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.
Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.
The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.