Tuesday 2 August 2016

Eni retools organizational structure amid loss


OIL AND GAS
Eni retools organizational structure amid loss Milan, Italy (UPI) Jul 29, 2016 - While swinging to a loss in its quarterly report, Italian energy company Eni said it was moving more controls to its chief executive to retool risk structures. The company reported its second quarter loss widened to $494 million in part because energy prices remain under pressure from a market characterized by a higher level of supplies. CEO Claudio Descalzi said in a statement c ... more

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