Nigeria signs oil deal to unlock $10 bn investment
Nigeria has signed an offshore oil deal with Shell, Exxon, Total and Eni, that the state says will generate millions, settle disputes and open the way to a $10 billion investment.
Eni reports huge oil, gas find in Nigeria
Italian oil major Eni said Wednesday that Nigerian subsidiary Agip has found lots of gas and oil in an onshore facility in the Niger delta, raising potential output in Africa's leading oil exporter.
‘Nigerian government lost $6b to OPL 245 deal’
The Federal Government has lost an estimated $6 billion to the controversial Oil Prospecting Licence (OPL) 245 deal, according to a recent report...
Italian court convicts two in Nigeria oil corruption case
A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said. The judge also ordered the seizure of millions of dollars and Swiss francs from the pair, who acted as go-betweens in the…
Eni boosts corporate social responsibility in IDP areas
Following the Federal Government’s request to oil and gas firms to provide support in alleviating the sufferings of the victims of insurgency in the North East region of the country, Eni in partnership with the Food and Agriculture Organization (FAO) have drilled a photovoltaic powered boreholes for internally displaced persons (IDPs) and host communities in the North East. The boreholes…
Eni and Shell go on trial over Nigeria kickback scandal
Oil giants Eni and Shell go on trial in Milan on Monday, charged with bribery and corruption in the purchase of an offshore oilfield in Nigeria.
Eni commit to access to energy, gas flaring reduction in Africa
A delegation from Italian global energy provider, Eni, headed by Chief Financial Officer, Massimo Mondazzi, has given a presentation to the World Bank that reinforced the group’s continued commitment to sustainable growth.
Eni launches production offshore Ghana ahead of schedule
Italian oil company, Eni, has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in less than three years ahead of schedule, reaching another record time-to-market.