Tuesday, February 16, 2021



How Shell, Eni used Nigeria’s share of oil to fund alleged billion-dollar bribery scheme

A new analysis has found that oil giants Shell and Eni’s controversial deal for a Nigerian oil licence included unprecedented terms which funded an alleged bribery scheme.

Shell Nigeria boosts domestic gas distribution capacity by 150%

The new capacity is equivalent to some 400 megawatts, MW of gas to power

Judge orders Shell, Eni to stand trial on alleged corruption in Nigeria

An Italian judge has ordered oil majors Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) to stand trial over alleged corruption in Nigeria with the...

NNPC, Shell, Chevron agree to boost FG revenue, oil reserves

Two sets of alternative financing agreements on Joint Venture, JV, projects to boost reserves and production in line with government’s aspiration were executed in...

Shell shuts down Bonga, cuts Nigeria’s oil output

The exploration and production arm of Shell in Nigeria – Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced the shutdown of its...

Osinbajo: Ogoni cleanup to cost $1billion

The Acting President Yemi Osinbajo has said that the Ogoni Clean-Up project flagged off in 2016 will cost $1billion and the funds will be...

Jonathan, Diezani shared $466m bribe, Italian court told

Nigeria’s former president Goodluck Jonathan and his oil minister, Diezani Alison-Madueke received kickbacks as part of a $1.3 billion deal involving oil giants ENI...

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