Oil contractor's shares are Europe's biggest fallers after it slashed its guidance and axed 8,800 jobs as part of a restructuring plan.» Read More
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.
U.S. stock index futures were narrowly mixed Friday as investors hesitated to jump in as finance ministers and central banks from the Group of 20 met in Moscow amid growing worries over a currency war.
The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.
European shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.
Corporate chieftains gathered in Davos, Switzerland this week see reason to be optimistic that the shale boom can re-industrialize the US economy and drive not only U.S. but also global growth.
It is difficult to export and compete with the U.S. due to the high euro/dollar exchange rate, which should be around parity, says Giuseppe Recchi, chairman of Italy's Eni.