The Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni have signed the Front End Engineering Design (FEED) contract of Train 7 of the Nigeria Liquefied Natural Gas Ltd (NLNG) on Wednesday in London. The event also witnessed the commemoration of the successful repayment of $5.45bn shareholders loan for Trains 1-6 by the NLNG Shareholders. […]
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Oil prices are more susceptible to political events than in the past few because of a dwindling global supply cushion, the chief executive of Italy’s energy firm Eni Claudio Descalzi said. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Descalzi said that production cuts by OPEC members and Russia and […]
Read More The current and former CEOs of Italian oil giant Eni were ordered Wednesday to face trial on corruption charges for the alleged payment of bribes over the $1.1 billion sale of one of Africa’s richest oil blocks in Nigeria. CEO Claudio Descalzi and his predecessor Paolo Scaroni are among 15 defendants who will face trial […]
Read More Protesters briefly shut three oil wells owned by Italy’s ENI in southern Nigeria over the weekend and could try do so again, a community leader said on Tuesday. Timiondi Fabofighe, chairman of the Ikebiri Community Development Committee (CDC), said the protests, against the presence of multinational oil companies in Nigeria’s oil production heartland, took place […]
Read More Italy’s Eni has asked a judge to lift a court order seizing measurement devices that is threatening to shut down its refineries in Italy, a spokesman for the oil major said. Measurement devices at Eni’s refineries and oil-product storage facilities across Italy were seized by tax police earlier this week as part of a tax […]
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An Italian judge is expected to decide on December 20 whether to send oil majors Eni and Shell to trial over alleged corruption in Nigeria, two legal sources said on Tuesday. Milan prosecutors have asked for the two companies and some past and present managers, including current Eni CEO Claudio Descalzi, to be indicted in […]
Read More The CEO of Italian oil and gas producer ENI says he does not expect that corruption investigations into a Nigerian oil field contract will impact a decision on renewing his mandate. CEO Claudio Descalzi said Wednesday that he didn’t think investigations in Milan and Nigeria would impact the decision, but added “you need to ask […]
Read More Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents. Shell, Eni and Agip, Eni’s Nigerian subsidiary, are alleged to have corruptly given the “aggregate sum of […]
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A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome yesterday, with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest in Nigeria’s Oil and Gas industry. The Minister of […]
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