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Big oil’s ruthless supply and demand tactics have monopolized the entire energy industry by shredding competitors’ attempts to offer alternatives. Consumers are thus forced to surrender their right to choose due to the aggressive techniques being used by the oil industry to prevent the use of clean energy.
Investors have taken legal action against Saipem, an Italy-based oilfield services provider to the international offshore oil and gas industry.
Italian oil company Eni has reported a net loss of €952 million ($1.04B) in the third quarter of 2015, compared to a profit of €1.7 billion ($1.86B) in the same period last year. Eni’s adjusted net loss was €257 million ($281.8M), compared to a profit of €1.2 billion ($1.3B) in…
Saipem, an Italy-based contractor, that is in the ENI stable and is the contractor that will be used in July 2016 if opposition fails to stop proposed offshore drilling in the Aljezur costal area in the Alentejo Basin deep offshore, is being investigated over a potential involvement in a bribery…
Credit rating agency Moody’s has downgraded the Italian oilfield services provider Saipem from the provisional Baa3 long-term issuer rating, into a definitive Ba1 Corporate Family Rating (CFR) with a stable outlook. Saipem is the ENI company that owns the Saipem 12000 that will be used to drill the exploratory well…
Eni’s Goliat field located in the Barents Sea, offshore Norway, has been hit by a gas leak. This is the same oil company that is the majority shareholder of the Galp/Eni consortium that intends drilling the first exploratory well off Aljezur's coastline in the Alentejo Basin from 1 July 2016.…
14 Apr 2015 - by Craig Morris. Two weeks ago, the German government sent its bill for shale gas production to Parliament for approval. And once again, we read both that Germany has banned and approved fracking. Craig Morris explains what is really going on.
Euro-MPs voted on 2 February 2016 to urge member states not to allow any new hydraulic fracturing operations, and although the vote is not legally binding, nonetheless opponents of fracking described it as a significant victory for the anti-fracking movement in Europe.
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  • ASMAA - Algarve Surf and Marine Activities Association
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