Eni and Shell face new Nigeria action
The two firms have received harsh criticism from an Italian judge and now await UK court proceedings
The Nigerian government's decision to formally launch a $1.1bn claim against Shell and Eni in UK courts, relating to funds allegedly misappropriated for bribes and kickbacks during the acquisition of an oil block in 2011, could lead to the largest-ever payment in an oil sector corruption case. If successful, the case, launched in November 2018, could also open the door for more scrutiny by governments of deals made by their predecessors in the hope of winning similar awards. Eni and Shell deny any wrongdoing related to the deal. The legal case centres on the acquisition in 2011 of offshore block OPL 245-which could hold up to 9bn barrels of oil. Most of the $1.3bn believed to have been paid

Also in this section
28 April 2025
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
25 April 2025
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
25 April 2025
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
24 April 2025
The government hopes industry reforms can drive ambitious upstream plans