Shell, Eni trial postponed to May

An Italian court has delayed a corruption trial of Shell and Eni executives until May 14, international media reported on Monday.

In addition to the two companies, 13 defendants were sent to trial by an Italian judge in December 2017. Among the defendants are Eni CEO Claudio Descalzi and former chief Paolo Scaroni. The trial was set begin Monday.

Malcolm Brinded, former executive director for upstream international; Peter Robinson, former vice-president for Shell’s sub-Saharan Africa operations; Guy Colegate, a business adviser; and John Copleston, a strategic investment adviser were all charged with bribery in October in relation to the 2011 sale of the OPL 245 offshore block to Shell and Eni.

At the annual shareholder meeting in April 2017, Eni board chairwoman Emma Marcegaglia said the company had only ever dealt with the Nigerian government. The same month Shell issued a statement to Reuters that it knew some of the payments made for the block would go to Malabu Oil and Gas, in which former oil minister and convicted money launderer Dan Etete holds a large stake, “to settle its claim on the block.” 

In January 2017, a Nigerian court had transferred assets and operations in the OPL 245 offshore block, owned by Eni and Shell and operated by Eni, back to the government in relation to the bribery case. Eni and Shell subsequently initiated separate legal procedures to have the forfeiture declared void, and succeeded.

Recent Posts

Arrow Exploration spuds new well in Colombia

Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More

51 mins ago

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

16 hours ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

17 hours ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

18 hours ago

Seatrium wins yet more FPSO work in Guyana

Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More

1 day ago

Diamond Offshore seals $350-million Gulf of Mexico deal

Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More

1 day ago

This website uses cookies.