archiveENQSVC

MILAN, Nov 28 (Reuters) - The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete on its new list of Projects of Common Interest (PCI) published on Tuesday.Projects included in the PCI list have access to a fast-track permitting process and special funding.Energy group Edison (EDNn.MI) and Greece's DEPA International Projects are the sponsors of the project through their joint venture IGI Poseidon.The joint venture has still to take a final investment decision (FID) on the pipeline, which...

The U.S. Capitol dome is seen from the Russell Senate Office Building on Capitol Hill in Washington, U.S., April 19, 2023. REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsOct 26 (Reuters) - A group of Republican-led U.S. states on Thursday said they would appeal a Texas-based federal judge's decision rejecting their challenge to a rule from President Joe Biden's administration allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.The 26 states, led by Texas and Utah, filed a notice of appeal in federal court in Amarillo....

BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Chen Aizhu/File Photo Acquire Licensing RightsSINGAPORE, Aug 28 (Reuters) - Oil prices ticked higher on Monday after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.Brent crude rose 19 cents, or 0.2%, to $84.67 a barrel by 0627 GMT, while U.S....

MILAN, July 27 (Reuters) - Italy's state-controlled gas grid operator Snam (SRG.MI) said on Thursday it expected to get a financial support for some of its projects from the European Union's REPowerEU green energy scheme.The Italian government, which is struggling to spend 191.5 billion euros ($210.59 billion) of EU post-COVID funds by 2026, wants to shift some of that money to REPowerEU projects.According to a document released by the government, Rome could spend in total 19 billion euros ($21 billion) under the REPowerEU, with more than 400 million euros earmarked...

LONDON, July 17 (Reuters) - Portfolio investors surged back into petroleum as Saudi Arabia’s unilateral production cut removed much of the previous downside risk to oil prices from slowing economies in China and Europe.Hedge funds and other money managers purchased the equivalent of 115 million barrels in the six most important petroleum futures and options contracts over the seven days ending on July 11.The increase was among the largest recorded over the last ten years (the 14th largest out of 539 weeks since 2013) and points to a significant adjustment...