Milan court clears Eni, Shell of OPL 245 wrongdoing
A Milan court has acquitted Shell and Eni, and their executives, of allegations of wrongdoing around Nigeria’s OPL 245 licence.
OPL 245
Nigeria sets the pace for case against JP Morgan
Nigeria has won a pre-trial battle against JP Morgan, as the state tries to prove that the bank paid out the proceeds of a signature bonus improperly.
Prosecutor calls for jail sentence for Eni boss on bribe charge
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.
Nigeria loses bid to hear Shell case in England
The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
Descalzi in line for Eni spot despite objections
The Italian government has expressed its support for Claudio Descalzi to remain in his post as CEO of Eni despite misgivings voiced from a number of sources.
Price drop puts the squeeze on African projects
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.
Nigeria orders Etete arrest over OPL 245 scandal
A Nigerian court has ordered the arrest of former petroleum minister Dan Etete over his alleged involvement in the OPL 245 affair.
Nigeria’s ex-attorney general arrested in Dubai over OPL 245
Nigeria’s former attorney general Mohammed Adoke has been arrested in Dubai, according to his lawyer Mike Ozekhome in comments to Reuters.
Updated: DoJ ends Eni scrutiny over OPL 245, Algeria
The US Department of Justice (DoJ) has ended its investigation of Eni over the OPL 245 affair and Algeria, the Italian company has said, without taking any further action.
Shell, Eni executives named in $1billion Nigeria bribery suit
Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African country’s government said in a London lawsuit that it believes a handful of executives, including CEOs, were tied to more than $1billion in bribery payments.
Report alleges Shell and Eni made military-style Nigerian oil deal
A new report alleges that Shell and Eni benefited ‘at the expense’ of the Nigerian people in a generous military-style contact in 2011.