Key financiers’ cold feet, FEED hanging FID on LNG Train 7—Investigation
Regulatory gangsterism, political interference and fear of loss of investments are the three factors prevailing on major local and international investors in their sudden apathy for the final investment decision (FID) on the Train 7 of the Nigeria LNG Limited….
FG’s order to IOCs on controversial tax returns may hang Bonga scheme—Shell
Strong indications have emerged revealing that the recent deadline given to leading International Oil Companies (IOCs) including Royal Dutch Shell, Chevron, Exxon Mobil, Eni, Total, and Equinor to pay up contestable royalties amounting $20bn, may hobble planned investments by the…
Prevailing peace, security in Niger Delta now pushing up petroleum investments—Agip
More International Oil Companies (IOCs) have continued to testify on the positive impacts of steady peace in the oil rich Niger Delta since this year, saying oil and gas productivity are now nearing peak. This formed key revelation of the…
Reps to investigate serial allegations of abuse of Brass LNG’s $22bn running cost
Considering barrage of allegations of misappropriation of $22bn legacy fund to run the operations of Brass Liquefied Natural Gas (LNG) project, the House of Representatives weekend, passed a resolution to investigate the matter. The decision followed the adoption of a…
Shell reacts to AI report, says “We respond to oil spills promptly”
Less than one week after the global human rights watchdog, Amnesty International (AI) released a report accusing Royal Dutch Shell and Italian oil giant, Eni of always watering down cases of oil spills in Nigeria to escape huge payment of…
Shell, Eni share misleading details on severity of spills to avoid compensation—AI
Leading global rights watchdog, Amnesty International (AI) weekend released a report showing that Royal Dutch Shell and Italian oil giant, Eni had been in the habit of doctoring oil spill reports in a way and manner compensation to host communities…
Royal Dutch Shell, Eni, Dan Etete’s corruption trial in Milan adjourned till May 14
Against general expectations that the trial of two international oil companies, Royal Dutch Shell and Eni over corruption involving former Nigerian Petroleum minister, Dr. Dan Etete in Milan, Italy will go on Monday, March 05, 2018, trial Judge adjourned the…
Shell, Eni trial in Italy over Nigeria oil industry bribe scandal begins March 2018
Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria. A judge in Milan ordered Eni, Shell and key figures…
After Swiss Dredging Int’l, Shell, Eni may face trial over $1.3bn bribe
At a time the Nigerian Ports Authority (NPA) is still waiting for legal advice from the Attorney general of the federation (AGF) on whether to cancel or go ahead with signing fresh contract with Dredging International, a Swiss firms that…
Agip begins feasibility studies on new 150,000bpd refinery
In keeping with its resolve to deepen investment in Nigeria’s oil and gas sector, Nigerian Agip Oil Company (NAOC), a subsidiary of Italian oil major, Eni, has begun feasibility studies for the construction of a new 150,000bpd refinery in the…
