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Stock Market & Financial Investment News

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April 16, 2014
06:54 EDTEEni SpA CEO facing challenges in execution, WSJ reports
Eni CEO Caludio Descalzi face challenges in execution including whether or not the $50B Kashagan project starts producing this year, continued disruptions in Nigeria and Libya and developing vast gas reserves off the coast of Mozambique, the Wall Street Journal reports. Reference Link
News For E From The Last 14 Days
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August 31, 2015
08:19 EDTEDelek Group, Noble Energy slip after Eni 'supergiant' gas find
The shares of Israel-based holding and management company Delek Group (DGRLY) plunged in Tel Aviv trading after Italy's Eni SpA (E) announced over the weekend that it has made a "world class supergiant" gas discovery at its Zohr prospect, in the deep waters of Egypt. According to the well and seismic information available, the discovery could hold a potential of 30T cubic feet of lean gas in place, or 5.5B barrels of oil equivalent, Eni stated. The development of the Leviathan field, estimated by Delek to have 21.9T cubic feet of natural gas, has been stalled by the Israeli government. Noble Energy (NBL) has been developing gas fields in Israel with plans to export the fuel to Egypt and other nations in the region. Shares of Delek Group trading in New York closed at $26.17 on Friday. Noble Energy shares, which closed at $34.53 on Friday, were down about 2.7% top $33.60 in pre-market trading.
August 30, 2015
17:24 EDTEEni discovers 'supergiant' Mediterranean gas field
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