Eni denies bribery in Nigeria bid
Nigeria Eni’s Nigerian subsidiary, Agip Exploration acquired a 50-percent operating stake in Oil Prospecting License 245 with Shell Nigeria E&P, with the latter retaining the remaining 50 percent, Shell has also denied any impropriety. The total deal was worth an estimated $1.1 billion.
An inquiry has been launched over alleged illegal payments from Eni to Nigerian individuals during the bid process. Claudio Descalzi, head of exploration and production at the time and now the chief executive, is being investigated alongside Roberto Casula, the former head of Africa operations and now chief of development, operations and technology.
Recent Posts
TotalEnergies, ConocoPhillips reach first oil at Norway project
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor takes 45% stake in lithium projects in Arkansas, Texas
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill wins $118-million drillship commitments
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
Namibia gets $138.5-million boost for renewables vision
The World Bank has granted Namibia a $138 Read More
PetroVietnam’s exploration arm announces oil finds
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Mozambique’s Coral Sul FLNG passes performance test
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More