Nigeria Sues Shell, Eni Over Oil Deal

Thursday, December 13, 2018

Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.

The OPL 245 oilfield is also at the heart of an ongoing corruption trial in Milan in which former and current Shell and Eni officials are on the bench.

"It is alleged that purchase monies purportedly paid to the Federal Republic of Nigeria were in fact immediately paid through to a company controlled by Dan Etete, formerly the Nigerian minister of petroleum, and used for, amongst other things, bribes and kickbacks," the statement said. 


(Reporting by Stephen Jewkes, Ron Bousso, Julia Payne, Paul Carsten, Shadia Nasralla; editing by Jason Neely)

Categories: Contracts Legal Offshore Energy Industry News Africa

Related Stories

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

ONGC Plans Major New Indian Oil Reserve

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Iran War Sparks Global Rush to Build Strategic Oil Reserves

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

Current News

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com