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Stock Market & Financial Investment News

News Breaks
February 7, 2013
11:28 EDTEEni CEO under investigation for corruption, Reuters reports
Eni SpA (E) CEO Paolo Scaroni's house and offices have been searched in relation to an investigation related to contracts won by Saipem in Algeria, reported Reuters, citing two judicial sources with direct knowledge of the situation. Reference Link
News For E From The Last 14 Days
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September 25, 2014
12:22 EDTEEni SpA awarded three new exploration licenses in Egypt
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September 18, 2014
12:23 EDTEEni makes oil discovery in Ecuador, estimates suggest 300M barrels of oil
Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito. Early estimates suggest that the Oglan discovery potentially contains about 300M barrels of oil in place. The well, drilled to a total depth of 6,450 feet, encountered a 236 foot net crude oil column. During a production test, constrained by surface facilities, the well flowed at 1,100 barrels of oil per day. The data acquired in Oglan well indicate a production capacity per well up to 2,000 barrels of oil per day. Eni will immediately begin the studies for the commercial exploitation of the Oglan discovery. Reference Link

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