ENI CEO NEVER CONSIDERED RESIGNING OVER MALABU OIL DEAL

The Chief Executive Officer of Italy’s Eni, Claudio Descalzi, has never considered offering his resignation following his involvement in a Nigerian corruption probe being carried out by Milan prosecutors, the chairwoman of the oil major said Wednesday.

“The idea never existed,” Emma Marcegaglia said in reply to the question if Descalzi had offered his resignation.

Read more @ Thisday Live

TOTAL CUTS PRODUCTION TARGET FOR NIGERIA, OTHERS

Oil major, Total, has cut its 2017 output goal to 2.8 million barrels of oil equivalent per day from the previous three million.

The firm, which has struggled with production outages in Libya, Kazakhstan and Nigeria, said on Monday that it would step up asset sales and overhaul exploration after cutting its oil output targets.

Read more @ The Punch