BOGOTA, Nov 23- Colombia will create a holding company of state-owned businesses in a bid to increase transparency and as a step toward membership in the Organization for Economic Cooperation and Development, President Juan Manuel Santos said on Monday. As the first phase of the plan, cabinet ministers will cease to serve on the boards of state-owned oil...
BOGOTA, Nov 11- A group of Colombian lawmakers has proposed a bill that would modify regulations for selling state-owned companies and require congressional approval for the sale of assets like power generator Isagen. "Congress would have to approve the sale," the Tax Justice Network, one of the principal opponents of the Isagen sale, said in a statement.
BOGOTA, Oct 15- Colombian state-run oil producer Ecopetrol will restart operation of its Cartagena refinery on Nov. 10, Finance Minister Mauricio Cardenas said on Thursday. Ecopetrol Chief Executive Officer Juan Carlos Echeverry said in August the refinery would be fully operational in March at the latest. The expansion, estimated to cost more than $7 billion,...
NEW YORK, Aug 19- A U.S. government sale of oil and gas drilling leases in the western Gulf of Mexico attracted the lowest number of bids on record on Wednesday as slumping oil prices kept producers from plowing money into expensive offshore prospects. "The continuing drop in oil prices and low natural gas prices obviously affect industry's short-term...
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Italy's Eni plans to invest $8 billion in Libya over the next 10 years to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in the country.
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The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.
MILAN, Oct 11- Consumption of refined oil products in Italy fell 14.8 percent year-on-year in September to around 5.3 million tonnes, driven by weaker demand for new cars and auto fuel, industry group Unione Petrolifera said on Thursday.
ROME, Oct 10- Italian oil and gas group ENI. is considering not renewing so-called "take-or-pay" contracts and is discussing the issue with Italian authorities, Chief Executive Paolo Scaroni said on Wednesday.
*CDP sells 3.3 pct stake in Eni to help fund Snam stake buy. MILAN, Oct 9- Italy's state investment holding company, Cassa Depositi e Prestiti, completed the sale of a 3.3 percent stake in oil group Eni on Tuesday for 2.1 billion euros to help fund the acquisition of a controlling stake in gas network company Snam.
ROME, Oct 9- Italy's state investment holding company Cassa Depositi e Prestiti said on Tuesday it had completed the sale of a 3.3 percent stake in oil group Eni, selling some 58.3 million shares between Sept. 24 and Oct. 9 for around 1 billion euros.
*Says hopes to be profitable in France "very quickly". launched a retail gas offer in France on Tuesday, hoping to triple its number of customers by 2016 in a tightly-knit market still dominated by former monopoly GDF Suez.
*CDP to sell Eni shares to help fund Snam stake buy. MILAN, Oct 9- A placement of shares in oil and gas group Eni on Tuesday was made on behalf of Italian state-controlled finance group Cassa Depositi e Prestiti, sources said, as part of plans for Eni to exit gas network company Snam.
ROME, Oct 9- Italy's central government plans to take charge of energy and infrastructure policies currently controlled at the regional level, Prime Minister Mario Monti told local administrators on Tuesday, according to a source present at the meeting. Monti was outlining measures the cabinet plans to take at a meeting later on Tuesday.
*Iraq oil official sees 2.8 mbpd Oct exports. LONDON, Oct 9- Iraq's oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC's second-biggest producer after Saudi Arabia.
LONDON, Oct 5- Royal Dutch Shell's Nigerian joint venture Shell Petroleum Development Company of Nigeria on Friday declared force majeure on its gas supply after an attempt to steal crude oil from a pipeline led to a fire, the company said in statement.