Eni Slander Probe Could Prompt Management Changes

Friday, April 5, 2019

Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major.

Eni and its Anglo-Dutch peer Royal Dutch Shell are on trial for allegedly paying $1.1 billion in bribes to buy Nigeria's OPL 245 offshore oilfield in 2011, one of the oil industry's biggest graft cases.

Both companies deny any wrongdoing.

Milan prosecutors opened in 2018 a separate case involving allegations that certain Eni managers had a role in exploiting false statements to discredit and slander witnesses involved in the main case.

The source said Eni had conducted at least two audits on the case concerning alleged false statements and sought legal opinions from outside lawyers.

"The audits could lead to a reshuffle of management at the group," the source said.

In comments sent to Reuters, Eni confirmed it had launched audits on internal company processes linked to the matter, adding they had been wrapped up and steps for improvement identified.

Eni also denies any wrongdoing in the case opened by Milan prosecutors on the alleged making of false statements.

"If there should be changes to the (management) structure these will be announced, as always, in the correct way," it said.

The company said it was awaiting the outcome of judicial investigations before deciding whether to take further steps.


(Reporting by Emilio Parodi and Stephen Jewkes; Editing by Dale Hudson)

Categories: Legal Offshore Energy Industry News FPSO Africa

Related Stories

Woodside Exit Sends East Timor Searching for Greater Sunrise Partner

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

Seadrill Secures Offshore Drilling Deals Across Four Countries

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Climbs on US Storm Threat, Saudi Attack Risks

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

Eni and Petronas JV Extend Drilling Backlog for Ventura Offshore’s Semi-Sub Rig

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Current News

CNOOC Starts Up Nine Oil and Gas Projects as Production Hits Record

Woodside Exit Sends East Timor Searching for Greater Sunrise Partner

QatarEnergy Signs Supply Deal for LNG from Woodside's Louisiana Project

Strohm Nets Ultra-Deepwater Supply Deal for Southeast Asia’s Gas Scheme

Damaged Tanker Leaks Oil Across UAE Waters as Spill Widens

Energy Drilling Lands $87M Drilling Job Offshore Malaysia

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

Seatrium Inks $390M Deal to Complete Four Offshore Rigs for Keppel’s Rigco

Indonesia Cuts Singapore Pipeline Gas Flows by 9% to Meet Domestic Demand

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