Word: enis
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...dissuaded. He wanted to expand Chevron's footprint in Asia. Unocal owns valuable production and distribution facilities and has a stake in oil and gas reserves in Thailand, Indonesia and Burma. On Feb. 7, Williamson told O'Reilly that he had been approached by others?Italy's Eni, a partly state-owned oil and gas company, had also expressed interest at this point?and that Unocal's board would evaluate any and all offers. That's what O'Reilly had wanted to hear: Unocal was now officially in play...
...March 28, Unocal CEO Williamson again spoke to Chevron's O'Reilly, telling him that he was expecting formal bids from both CNOOC and Eni in the next few days, SEC documents reveal. He also said that if Chevron wanted to get back into the game, it should make an improved offer before Unocal's board reconvened two days later. O'Reilly, again with his board's backing, complied, coming up with an improved all-stock deal...
...little to lower prices or loosen the grip of many incumbent operators across the Continent. Industrial customers, in theory, have the right to choose their supplier, and by 2007 all consumers should be able to do the same. But in reality, some state-backed energy companies like Italy's Eni and France's EdF have steadfastly clung to their dominant market position. Urging the Commission to act is Britain, which has led the way on liberalizing its energy markets but claims it is falling victim to price fixing and is routinely denied access to the pipelines and grids it needs...
...Libya's fans insist the possibilities are real. In the Corinthia - Libya's only luxury hotel, boasting $300-a-night rooms - Western executives crowd the lobby. American executives will need to catch up with European oil businesses, which remained in Libya through decades of U.S. sanctions. Italy's Eni, Spain's Repsol-YPF and France's Total have run Libyan subsidiaries with no American competition. Virtually all of Libya's oil - about 1.5 million barrels a day - is exported to Europe, and since October, millions of cubic meters of gas have flowed directly from Libya to Sicily through Eni...
...squatting on his locked suitcase. "They will arrest us and deport us if we don't leave." Berlusconi joined Libya's ruler Muammar Gaddafi in Zuwarah last week to attend the opening of a natural-gas pipeline linking the two countries, a joint project by the Italian oil company ENI and Libya's state oil producer NOC. Both men praised the prospect of Libyan natural gas flowing to Italy, but it could prove difficult to stop the unwelcome flow of immigrants. Officials in this oil-rich state admit they are not sad to see desperately poor Africans set course...