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Keywords: Energy Sector
Eni shareholders have approved a new board lineup proposed by the Italian government, opening the way for Chief Executive Officer Claudio Descalzi to secure an unprecedented fifth term at the helm of the state-controlled energy company. At the annual general meeting, 51.38% of participating shareholders......
Greece has announced an agreement with Qatar to strengthen cooperation in key strategic sectors, including trade, energy, and defence, further expanding bilateral relations established in 2024. The announcement followed a meeting in Athens between Greek Prime Minister Kyriakos Mitsotakis and Qatar’s......
National Commission on Markets and Competition has closed its investigations into BP, Moeve, and Repsol after determining that the firms did not violate competition rules. The probe was launched following complaints from industry associations, which alleged that the companies had engaged in anti-competitive......
Germany’s economy ministry has initiated an investment review of Klesch Group Ltd’s planned acquisition of BP’s (BP Plc) German oil refinery in Gelsenkirchen, according to reports from Spiegel. Confidential documents cited by Spiegel suggest that the nationality of Klesch Group owner......
Russia’s leading liquefied natural gas producer, Novatek, has established a new company to develop its own fleet of vessels and floating infrastructure, as it faces ongoing challenges linked to international sanctions. The newly created entity, focused on engineering and shipbuilding, aims to......
Corporate earnings for companies in the STOXX 600 index are forecast to grow 4 percent in the first quarter of 2026, marking a rebound after a decline in the final quarter of last year, according to LSEG I/B/E/S data cited by Reuters on Thursday. The turnaround is driven primarily by a surge in the energy......
A coalition of European investors led by the activist shareholder group Follow This is pressuring BP to maintain its climate-reporting commitments. The investors are urging shareholders to oppose plans to rescind climate-related decisions adopted in 2015 and 2019, which required BP to report on emissions......
Egypt has announced plans to settle $1.3 billion in arrears owed to international oil companies by June, accelerating its previous repayment schedule. The move is aimed at restoring investor confidence and boosting domestic energy production. Egypt had accumulated around $6.1 billion in unpaid balances......
Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......