SEC drops inquiry into Shell-Eni OPL 245 deal, companies say [Seeking Alpha]
NATURGY ENERGY GRP U/ADR (GASNY)
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Source: Seeking Alpha
EnergySEC drops inquiry into Shell-Eni OPL 245 deal, companies sayApr. 23, 2020 3:20 PM ET|Royal Dutch Shell plc (RDS.A)Carl SurranRoyal Dutch Shell (+0.9%-0.8%dropped its inquiryThe two companies are still on trial in Italy over allegations they bought OPL 245 knowing most of the $1.3B price would go to agents and middlemen in bribes.Separately, Eni says CEO Claudio Descalzi and all senior managers will defer the collection of half of their 2020 long-term incentive plans until 2021, part of the company's measures to reduce investment and operating costs.For Descalzi, the deferral is equivalent to €735K, 15% of his total remuneration or 46% of his fixed remuneration.Also, an agreement between Eni, Spanish gas firm Naturgy Energy and the Egyptian government to resolve a series of disputes over a shuttered gas plant in northern Egypt reportedly hasfallen throughThe deal had been due to end Naturgy's business interests in Egypt and dissolve a joint venture between Naturgy and Eni, whi
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News
- Algeria to cancel gas deliveries to Naturgy if shares sold to another company, source says [Reuters]Reuters
- Spanish government signals openness to TAQA's bid for Naturgy [Reuters]Reuters
- Spain energy minister: early to say if state will take stake in Naturgy [Reuters]Reuters
- Naturgy surges as Abu Dhabi's TAQA confirms talks eyeing full takeover [Seeking Alpha]Seeking Alpha
- Abu Dhabi's Taqa Holds Talks With Naturgy Holders About Deal [Yahoo! Finance]Yahoo! Finance