Businessweek

Knight Vinke Asset Management LLC, Shareholder of Eni SpA (BIT:ENI), has asked to lower its stake in Saipem SpA (BIT:SPM) to below 20% or buy minorities to take over control, Eric Knight, Chief Executive Officer of Knight Vinke said. One of the two options must be taken without biding time, Knight added. Knight Vinke holds 1% in Eni, which in turn owns 43% in Saipem.

Eni SpA announced that at the annual meeting held on May 10, 2013 approved the payment of the balance of the 2012 dividend amounting to EUR 0.54, payable starting from May 23, 2013, with an ex-dividend date of May 20, 2013 and a record date of May 22, 2013. The total dividend per share for financial year 2012 therefore amounts to EUR 1.08 per share.

The European Court of Justice on May 8 upheld a €181.5 million fine decided against Eni SpA in 2006 concerning a cartel on the synthetic rubbers markets. The Luxembourg-based court rejected ENI's appeals against European Commission fines for participating between 1996 and 2002 in a cartel on synthetic rubbers used to manufacture tyres and goods such as floor coverings and golf balls. A total 13 firms had been fined, including Anglo-Dutch giant Shell and US group Dow Chemical.

Eni SpA Presents at Citi's Global Energy and Utilities Conference, May-15-2013 10:15 AM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States. Speakers: Franco Magnani, E&P Planning and Control, Reserves, Portfolio Optimization and Continuous Improvement Executive Vice President.

Oil and Natural Gas Corp. Ltd. (BSE:500312) is unlikely to acquire 8.4% stake in Kashagan Field from ConocoPhillips (NYSE:COP), the Press Trust of India said, quoting unnamed sources privy to the development. Kazakhstan is considering exercising its pre-emption rights to buy the stake before selling it to a Chinese company, PTI said, adding that the Indian government has not engaged with Kazakhstan at the highest levels to push ONGC's $5 billion deal through. The other stakeholders in the project include Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell plc (LSE:RDSA), Eni SpA (BIT:ENI), Total SA (ENXTPA:FP), JSC KazMunaiGas Exploration Production (LSE:KMG)and Inpex Corporation (TSE:1605).