OPEC supply cuts unlikely: Enel CEO A co-ordinated supply cut between OPEC members and non-members should not be expected in the near-term, according to the CEO of a major utility.
| By: Anmar Frangoul, Special to CNBC.com, and Julia Chatterley
Italy's Renzi completes labour reform, growth needed for jobs *PM Renzi's signature reform only affects new hires. ROME, Sept 4- The government of Italian Prime Minister Matteo Renzi on Friday put the finishing touches on his signature employment reforms which he says are already rousing a sclerotic labour market despite fierce resistance from trade unions. Alberto Bombassei, president of brake-maker Brembo, said the...
| By: Gavin Jones and Francesca Piscioneri
Avalanche of amendments risk burying Italian Senate reform *Renzi wants to slim down Senate, curb its powers. *Premier aims to make Italy more governable. ROME, Sept 3- While most of Rome shut down for the August holidays, a group of parliamentary officials remained hunched over their computers, transcribing a record 513,450 amendments to the government's proposed reform of the Senate.
| By: Crispian Balmer
UPDATE 1-Easyjet lifts profit outlook after record August traffic LONDON, Sept 3- EasyJet raised its full-year profit outlook on Thursday to forecast growth of up to 21 percent after a record number of August passengers turned to the British low-cost airline to get away. EasyJet said it now expected full-year profit before tax to be in a range of 675 million pounds to 700 million pounds for the year to the end of September,...
Easyjet lifts profit outlook after record August traffic LONDON, Sept 3- British low-cost airline easyJet raised its full-year profit forecast by around 7 percent on Thursday after record passenger numbers in August helped to offset the higher costs the group has faced this year. EasyJet said it now expected full-year profit before tax to be in a range of 675 million pounds to 700 million pounds for the year to the end...
CORRECTED-UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast *Discovery comes as Egypt struggles to meet energy needs. "Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world's largest natural-gas finds," it said, adding that it had full concession rights to the area. It also represents a major boost for Egypt, where power cuts caused by gas and oil shortages have often...
| By: Crispian Balmer and Stephen Jewkes
UPDATE 1-Italy's Eni makes mega gas discovery off Egyptian coast ROME/ MILAN, Aug 30- Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The find follows other significant gas discoveries in the Mediterranean in recent years, including by Egypt's neighbour Israel,...
Italy's Eni finds 'supergiant' natural gas field off Egypt ROME- The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. Eni said the discovery- made in its Zohr prospect "in the deep waters of Egypt"- could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers.
Source: The Associated Press