Petroleum Africa
Find us on: 
Thursday, March 8, 2018
The corruption trial for ENI and Shell in Italy has been postponed. According to reports, the Italian court postponed the start of the trial of executives from the two E&P firms until May 14.
The trial involves the 2011 purchase by the two companies of Nigeria’s OPL-245 offshore oilfield for around $1.3 billion.
Prosecutors in Italy contend that the two firms paid nearly $1.1 billion, with all going into an escrow account for the Nigerian government, from which $800 million was later transferred to a company connected to the country’s former dictator to be distributed as payoffs.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
