LONDON (ShareCast) - 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.
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.