Italian oil and gas law change helps AIM explorers
A rethink by Italian politicians over the rules governing oil and gas exploration has seen at least two London-listed firms rocket in morning trading.
A rethink by Italian politicians over the rules governing oil and gas exploration has seen at least two London-listed firms rocket in morning trading.
The Italian government had restricted exploration and production in the deep waters off its coasts following the Gulf of Mexico disaster in 2010.
It seems, however, that new legislation will ease restrictions on some offshore licences.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This means both Mediterranean Oil & Gas and Petroceltic International can start work again in the region. The shares have risen 6% and 1.2%, respectively.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Review: Trasierra – a yoga retreat in the Spanish hills
Flora Connell joins a yoga retreat at Trasierra, in the Sierra Morena mountains north of Seville
By Flora Connell Published
-
How much should I have in emergency savings?
When your boiler breaks or your car won’t start, you can find yourself paying a hefty bill. How much should you have in emergency savings to cover unexpected costs?
By Katie Williams Published