Italy

Saipem will start work on deep water drilling in Namibia for Portugal's Galp Energia, the president of the Italian energy specialist said on Thursday. In early 2024 Galp performed tests at its Mopane-1X and Mopane-2X wells and estimated in April that the Mopane field could hold at least 10 billion barrels of oil following an initially phase of exploration. The find at Mopane appears to be among the largest made in the Orange Basin following effective expedition projects by TotalEnergies and Shell in recent years. The agreement granted by Galp to drill a deep-water well is the very first in...

Italian start-up BeDimensional stated on Friday it had actually protected financial backing from the European Investment Bank (EIB) to increase its production capability for graphene and other superthin crystals. The European Union is looking at methods to reduce its dependence on imports of materials that are critical for the bloc's energy transition. Graphene, whose powder has a high electrical and thermal conductivity, can be used to increase the storage capability of lithium-ion batteries, BeDimensional stated. The product made of a single layer of carbon atoms is likewise key to establishing lubricants without metal-based additives. BeDimensional will on Friday inaugurate a...

Nigeria took a significant step in its quest to earn revenue from its large gas reserves, signing a. handle joint venture partners to provide gas to a proposed. $ 3.5 billion Brass fertilizer and petrochemical plant, an. official stated on Friday. Under the agreement, joint venture partners including Shell. , TotalEnergies and Eni will deliver. an approximated 270 million standard cubic feet of gas daily to. the plant in Brass, in Nigeria's coastal Bayelsa state. Petroleum Ministry Permanent Secretary Nicholas Agbo Ella. stated the Gas Sale and Purchase Arrangement is a part of the Brass. Fertilizer and Petrochemical Job, which...

Italy is talking about with banks how they need to contribute to the country's public finances, something which must not be considered as blasphemy,. federal government representatives said on Friday. Participating in an economic conference arranged by. conservative Prime Minister Giorgia Meloni's Bro of Italy. party in Milan, Deputy Economy Minister Maurizio Leo informed. press reporters discussions with the banking industry were ongoing. There are various solutions we are discussing, he. said. We need to find something that is well balanced, that brings. earnings to state coffers, he said. He eliminated targeting energy business as the. federal government looks for...

Stellantis Chief Executive Carlos Tavares said on Friday existing European Union carbon emission rules enforce 40% higher costs on the carmaking market at a time when customers are reluctant to purchase pricey electrical vehicles. Further pressure, especially in the electrical car (EV). market, is also originating from Chinese competitors, which Tavares. stated gained from a further 30% benefit on expenses, This is producing excruciating tension on the industry, he. stated, speaking before an Italian parliamentary committee in. Rome. The executive said that energy expenses in Italy were too expensive,. double that of Spain, another European nation where Stellantis. has making...

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, 392 di Enel e. 250 di Acea, che risultavano dalla dichiarazione del. dicembre 2022. Stando sempre alla documentazione parlamentare, ha ridotto i. propri investimenti in Borsa la ministra per la Famiglia Eugenia. Maria Rocella, che lo scorso novembre ha dichiarato di avere. venduto tutte le azioni detenute in UnipolSai (7.105) e Banca. Generali (2.000 ), oltre a 5.000 azioni di A2A sulle. 10.000...

An Italian court sentenced on Tuesday 2 Milan district attorneys to 8 months in jail for failing to file documents that would have supported energy group Eni's position in a worldwide corruption case. Eni, Shell, and all the defendants were nonetheless acquitted by a court in Milan in March 2021 in what became referred to as the market's most significant corruption case, which focused on the $1.3 billion acquisition of a Nigerian oilfield a years earlier. Judges in a court in the northern city of Brescia ruled that Milan district attorneys Fabio De Pasquale and Sergio Spadaro had a. legal...

An Italian court sentenced on Tuesday 2 Milan district attorneys to 8 months in prison for stopping working to file documents that would have supported energy group Eni's position in a worldwide corruption case. Eni, Shell, and all the offenders were nevertheless acquitted by a court in Milan in March 2021 in what came to be called the industry's greatest corruption case, which focused on the $1.3 billion acquisition of a Nigerian oilfield a years earlier. Judges in a court in the northern city of Brescia ruled that Milan prosecutors Fabio De Pasquale and Sergio Spadaro had actually a. legal...

A Connecticut oil and gas trader was convicted on Thursday over a nearly eightyear plan to pay off authorities at Brazil's stateowned oil company Petrobras so two Connecticut trading business might win organization, U.S. district attorneys said. Glenn Oztemel, 65, of Westport, Connecticut, was found guilty by a Bridgeport, Connecticut, jury on all seven counts he faced, including cash laundering, conspiracy and breaching the federal Foreign Corrupt Practices Act. Oztemel and another offender, Brazilian-Italian oil and gas broker Eduardo Innecco, were implicated of bribing officials to aid Arcadia Fuels and Freepoint Commodities win contracts and learn private details about Petrobras'...

Qatar is in talks with the German federal government over perhaps purchasing Russian energy group Rosneft's stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's. intrusion of Ukraine, Service Expert news site reported on. Wednesday. Berlin has actually put Rosneft's German properties under a trusteeship. in 2022, still conceding some control to the Russian group over. a sale of the assets. A Rosneft suit to challenge Berlin's. grasp over the properties stopped working in court last year. The existing. trusteeship term is set to end on Sept. 10. The German economy ministry told Reuters it would...

Italy's industry minister said on Thursday he anticipated within hours a firm commitment by Stellantis over its plan to construct a batterymaking plant in the country, otherwise the federal government would move public funds for the task somewhere else. ACC, a battery joint endeavor in which Stellantis is the biggest financier, has plans for 3 gigafactories in Europe. However earlier this year it said it was putting on hold works on 2 of them, in Italy and Germany, as the company switches to lower expense batteries amid slowing demand for electric automobiles. Stellantis need to offer us a reply, and...

Italian Prime Minister Giorgia Meloni visited China at the end of July to increase cooperation with the world's secondlargest economy and reset trade ties after leaving the Belt and Roadway facilities investment plan. Throughout her very first trip to Beijing since she took power in 2022, Meloni said that the 2 countries had signed a three-year action strategy and numerous memorandums of understanding. Below are the primary deals announced up until now: ELECTRIC MOBILITY - Milan-based EuroGroup Laminations (EGLA) - which specialises in stators and rotors, 2 crucial parts of electrical motors and generators - has actually signed an initial...

The following are the top stories in the Financial Times. Reuters has not confirmed these stories and does not attest their accuracy. Headlines - Dovid Efune gets in unique talks over Telegraph deal - Rachel Reeves cuts National Wealth Fund budget in spite of UK investment drive - Intesa Sanpaolo apologises after 'disloyal' staff member accessed Giorgia Meloni's account - TPG and Blackstone team up to bid for eyecare group Bausch + Lomb Introduction - New York Sun owner Dovid Efune has actually entered into unique talks over the $550 million acquisition of the UK's Telegraph, offering the British-born media...

The Norwegian federal government proposed on Monday to provide to 35 billion Norwegian crowns ($ 3.29 billion) in aid payments in the nation's very first commercial floating wind power tender, in line with a compromise reached earlier this year. Norway has enormous capacity for drifting offshore wind on its continental rack, however because the technology is still immature and expensive, government assistance is needed to accelerate development, energy minister Terje Aasland stated. The anticipated cost of structure drifting wind farms has skyrocketed compared to earlier projections as inflation hit turbine makers and other suppliers, leading developers to look for considerable...

Swiss glaciers melted at an aboveaverage rate in 2024 as a blistering hot summertime thawed through abundant snowfall, keeping an eye on body GLAMOS stated on Tuesday. Previously this year, glaciologists had actually commemorated heavy winter season and spring snow disposes in the Alps, hoping this would indicate a. stop to years of significant declines or perhaps a turnaround of losses. However with typical August temperature levels a few degrees above. freezing even at the 3,571 meter high Jungfraujoch station. set down above the Aletsch Glacier, scientists determined record. ice losses across the nation that month. Overall, GLAMOS stated Swiss...

A storm system that has wreaked havoc throughout main Europe brought devastating floods to the northern Italian region of EmiliaRomagna on Thursday, requiring individuals to leave their homes and the closure of schools. About 1,000 individuals have actually been evacuated, acting local president Irene Priolo told RAI public radio, stating however this was a much lower figure compared to significant floods that pestered the region last year. In Lugo, a town of about 30,000 people west of Ravenna, authorities purchased the evacuation of all ground flooring houses after the regional Senio river broke its banks. A low-pressure system called Boris...

Italy's Central Bank guv Fabio Panetta on Monday tossed his weight behind a plan to help poorer nations decrease their carbon emissions, saying it would ultimately reduce the overall cost of the energy transition. Panetta, who is also a member of the European Central Bank governing council, said net circulations into sustainable investment funds have actually lost momentum with some countries dealing with a political. reaction against environment initiatives. Developing countries deal with installing difficulties in raising. the capital required to phase out low-cost coal-fired power plants. and change to clean energy and financing has actually long been one of....

In his launching television series, director Thomas Vinterberg envisions his home nation Denmark closing down due to rising sea waters, with the whole population required to run away. Households Like Ours, which premiered at the Venice Movie Celebration, is embeded in the future. The Netherlands has already vanished underneath the waves and Danish leaders are identified to save the lives of their own individuals, purchasing a mass evacuation. Households are split and buddies end up being separated as some six million Danes scramble to obtain files to transfer to upscale European nations or are delivered off to government-funded locations in...

Here are some statistics about Pope Francis, 87, who is in the midst of a 33,000 km (20,500 mile). tour of four Southeast Asian nations. WHEN WAS POPE FRANCIS ELECTED? The previous Cardinal Jorge Mario Bergoglio of Argentina was. elected pope on March 13, 2013. He is the 266th pontiff and the. first from Latin America, in addition to the first to take the name. Francis. FOR HOW LONG HAS FRANCIS BEEN POPE? At more than 11 years, Francis' reign currently goes beyond the. 7-1/2- year average. He is likewise the earliest incumbent since Leo. XIII, who was 93 at...

Pope Francis left Indonesia on Friday early morning for Papua New Guinea, where the 87yearold leader of the international Catholic Church will continue an enthusiastic 12day trip across Southeast Asia and Oceania. The Garuda Indonesia aircraft bring the pope and his entourage left Jakarta's airport for the flight to Port Moresby, the Papua New Guinean capital, where he will remain for the next 3 nights. While in PNG Francis will make an excursion to the northwestern town of Vanimo, before departing the nation on Monday. He is then arranged to visit East Timor and Singapore before returning to Rome on...

Pope Francis on Thursday invited Muslims and Catholics to press worldwide leaders to challenge the dangers of climate change and extremism, and spoke of the typical roots of various faiths as he checked out Southeast Asia's biggest mosque in Jakarta. In a day laden with spiritual importance on his journey to Indonesia, the world's most populated Muslim-majority country, the pope provided a joint statement with the national grand imam and other local faith leaders that called for definitive action to deal with the warming planet. The human exploitation of creation, our typical home, has contributed to environment change, leading to...

Norway's federal government will ask an appeals court on Wednesday to raise injunctions against developing three oil and gas fields, part of a wider effort by Oslo to reverse an earlier decision revoking their licenses on ecological premises. A lower court ruled in January that Norway's energy ministry failed to totally assess the climate impact from the future usage of the fields' oil and gas, so-called scope three emissions, in a. suit brought by Greenpeace and its partner Nature and Youth. At that time, the court likewise purchased short-term injunctions. versus the development of the 3 fields called Yggdrasil,. Tyrving...

Pope Francis leaves on Monday for a visit to 4 island countries across southeast Asia, an ambitious trip to urge worldwide action on climate change that might test the strength of the 87yearold head of the global Catholic Church. Over 12 days from Sept. 213, Francis will take a trip almost 33,000 km (20,500 miles) to check out Indonesia, Papua New Guinea, East Timor and Singapore. It is the longest journey yet by the pontiff, who now routinely utilizes a wheelchair due to knee and neck and back pain. Francis pushed hard for the 2015 Paris climate contract and aides...

Here are some stats about Pope Francis, who sets off next week, at the age of 87, on a. 33,000 km (20,500 mile) tour of 4 Southeast Asian countries. ELECTION The previous Cardinal Jorge Mario Bergoglio of Argentina was. chosen pope on March 13, 2013. He is the 266th pontiff and the. first from Latin America, in addition to the very first to take the name. Francis. DURATION. At more than 11 years, Francis' reign already far goes beyond the. 7-1/2 year average. He is likewise the earliest sitting pope since Leo. XIII, who was 93 when he passed away...