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Egypt eyes gas production increase

UPDATE 1-Egypt eyes gas production increase Recasts with additional information on the Zohr field and background CAIRO, Oct 14 (Reuters) - Egypt plans to increase natural gas production from several key concession areas, including its giant Zohr field, in 2025, Petroleum Minister Karim Badawi said on Monday. The government aims to ramp up output at Zohr by drilling new wells starting in the first quarter of 2025, according to a ministry statement.
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Egypt's petroleum minister: well drilling works will start in Zohr field with Italy's Eni

Egypt's petroleum minister: well drilling works will start in Zohr field with Italy's Eni CAIRO, Oct 14 (Reuters) - Two new well drilling works will start in Egypt's Zohr oil field with Italy's Eni ENI.MI in the coming period, Egyptian Petroleum Minister Karim Badawi said on Monday. Reporting by Mohamed Ezz; Editing by Michael Georgy
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Italy - Factors to watch on October 14

Italy - Factors to watch on October 14 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italian Prime Minister Giorgia Meloni has told her Israeli counterpart Benjamin Netanyahu that attacks on U.N.
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Nigeria signs deal to supply gas to proposed $3.5 billion petrochemical plant

Nigeria signs deal to supply gas to proposed $3.5 billion petrochemical plant By Camillus Eboh ABUJA, Oct 11 (Reuters) - Nigeria took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to a proposed $3.5 billion Brass fertilizer and petrochemical plant, an official said on Friday.
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Italy discussing with banks contribution to state finances

UPDATE 1-Italy discussing with banks contribution to state finances Recasts with comments from economy minister on taxing banks MILAN, Oct 11 (Reuters) - Italy is discussing with banks how they should contribute to the country's public finances, something which should not be considered as "blasphemy", government representatives said on Friday. Attending an economic conference organised by conservative Prime Minister Giorgia Meloni's Brothers of Italy party in Milan, Deputy Economy Minister Mauri
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Eni CEO says U.S. funds are showing confidence in group's strategy

Eni CEO says U.S. funds are showing confidence in group's strategy MILAN, Oct 11 (Reuters) - U.S. investment funds are showing confidence in Eni's ENI.MI strategy of spinning off growth businesses in order to attract financial resources, the Italian energy group's CEO Claudio Descalzi said on Friday. Under its so-called 'satellite' strategy, Eni has created several companies dedicated to low-carbon businesses and upstream assets and is currently in talks with U.S.
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Italy will not impose a windfall tax on energy companies, deputy minister says

Italy will not impose a windfall tax on energy companies, deputy minister says MILAN, Oct 11 (Reuters) - Italy is not considering imposing a windfall tax on energy companies, a deputy economy minister told reporters on Friday, while confirming that the government was discussing with banks how best to raise their contribution to public finances. "There are different solutions we are discussing with them (the banks).
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Salvini liquida investimenti azionari, li riducono Rocella e Abodi

Salvini liquida investimenti azionari, li riducono Rocella e Abodi ROMA, Oct 11 (Reuters) - Il ministro delle Infrastrutture e dei Trasporti Matteo Salvini ha liquidato i suoi investimenti azionari, secondo la documentazione patrimoniale trasmessa al Parlamento. Lo scorso agosto il leader leghista ha dichiarato di avere liquidato 3.500 azioni di A2A A2.MI , 392 di Enel ENEI.MI e 250 di Acea ACE.MI , che risultavano dalla dichiarazione del dicembre 2022. Stando sempre alla documentazione parlamen
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Italy - Factors to watch on October 11

Italy - Factors to watch on October 11 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Israeli forces have acted illegally by shooting at positions used by U.N.
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Italy eyes Westinghouse, EDF as partners for nuclear-power firm, sources say

EXCLUSIVE-Italy eyes Westinghouse, EDF as partners for nuclear-power firm, sources say Adds EDF confirmation of interest in paragraph 5-6, quote from source paragraph 9, details on Italian companies involved By Giuseppe Fonte, Francesca Landini and Angelo Amante ROME, Oct 10 (Reuters) - Italy is considering U.S. energy group Westinghouse or France's EDF as potential international partners for a state-backed company that will build advanced nuclear reactors in the country, two sources familiar wi
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Italy eyes Westinghouse, EDF as partners for nuclear power firm, sources say

EXCLUSIVE-Italy eyes Westinghouse, EDF as partners for nuclear power firm, sources say By Giuseppe Fonte, Francesca Landini and Angelo Amante ROME, Oct 10 (Reuters) - Italy is looking at U.S. energy group Westinghouse or France's EDF as potential international partners for a state-backed company that will build advanced nuclear reactors in the country, two sources familiar with the matter said on Thursday.
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Ithaca Energy Says Fitch Ratings Have Upgraded Credit Rating To '' From 'B Flat'

BRIEF-Ithaca Energy Says Fitch Ratings Have Upgraded Credit Rating To 'BB-' From 'B Flat' Oct 10 (Reuters) - Delek Group Ltd DLEKG.TA : ITHACA ENERGY: FITCH RATINGS HAVE UPGRADED ITHACA CREDIT RATING TO BB- FROM B FLAT AFTER DEAL COMPLETION TO BUY NEARLY ALL OF ENI UK'S UPSTREAM ASSETS ITHACA ENERGY: S&P GLOBAL RATINGS HAVE INITIATED COVERAGE WITH
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Italy to present plan by end of year to revive nuclear energy

UPDATE 1-Italy to present plan by end of year to revive nuclear energy Adds additional minister's comments on subsidies, background ROME, Oct 9 (Reuters) - Italy aims to introduce a draft law by the end of the year allowing the resumption of domestic nuclear power production , Energy Minister Gilberto Pichetto Fratin told a parliamentary hearing on Wednesday.
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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Two Italian prosecutors convicted for hiding documents in Eni-Shell Nigeria trial

UPDATE 1-Two Italian prosecutors convicted for hiding documents in Eni-Shell Nigeria trial Adds comments from the two prosecutors' lawyer in paragraphs 4-5, potential compensation in paragraph 6 MILAN, Oct 8 (Reuters) - An Italian court sentenced on Tuesday two Milan prosecutors to eight months in prison for failing to file documents that would have supported energy group Eni's position in an international corruption case.
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Two Italian prosecutors convicted for hiding documents in Eni-Shell Nigeria trial

Two Italian prosecutors convicted for hiding documents in Eni-Shell Nigeria trial MILAN, Oct 8 (Reuters) - An Italian court sentenced on Tuesday two Milan prosecutors to eight months in prison for failing to file documents that would have supported energy group Eni's position in an international corruption case. Eni ENI.MI , Shell SHEL.L , and all the defendants were nevertheless acquitted by a court in Milan in March 2021 in what came to be known as the industry's biggest corruption case, which
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Avenir LNG Signs Time Charter Party With Eni's LNG Shipping For One LNG Bunker Vessel

BRIEF-Avenir LNG Signs Time Charter Party With Eni's LNG Shipping For One LNG Bunker Vessel Oct 8 (Reuters) - Avenir LNG Ltd AVENIR.NFF : SIGNS TIME CHARTER PARTY WITH LNG SHIPPING FOR ONE LNG BUNKER VESSEL, TO COMMENCE FROM DELIVERY IN EUROPE IN 2025 CHARTER INCREASES COMPANY THIRD-PARTY REVENUE BACKLOG TO OVER $285 MILLION Further company coverag
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Equinor, Aker BP, Vaar face rising project costs, Norway budget shows

UPDATE 2-Equinor, Aker BP, Vaar face rising project costs, Norway budget shows Adds Equinor, Aker BP comments in paragraphs 4-5, By Nerijus Adomaitis OSLO, Oct 7 (Reuters) - Energy firms Equinor EQNR.OL , Aker BP AKRBP.OL and Vaar Energi VAR.OL have raised their crown-denominate cost estimates for major oil and gas development projects offshore Norway, the country's government said on Monday.
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Norway plans $3.3 bln floating wind subsidy cap

UPDATE 2-Norway plans $3.3 bln floating wind subsidy cap Norway plans first floating wind tender in 2025 Floating wind is an immature technology requiring state support Subsidies to be capped at 35 billion Norwegian crowns Adds details on consultation in paragraphs 6-8 By Nora Buli OSLO, Oct 7 (Reuters) - The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidies in the country's first commercial floating wind power tender, in line with a
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Equinor, Aker BP, Vaar Energi face rising project costs, Norway budget shows

Equinor, Aker BP, Vaar Energi face rising project costs, Norway budget shows OSLO, Oct 7 (Reuters) - Equinor EQNR.OL , Aker BP AKRBP.OL and Vaar Energi VAR.OL have raised their cost estimates for major oil and gas development projects on the Norwegian continental shelf, Norway's government said on Monday. Equinor's Johan Castberg project is now expected to cost 86 billion crowns ($8.08 billion), up from a nominal estimate of 80.3 billion seen one year ago, the government's fiscal budget document
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