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Posts under ‘OPL 245’

Malabu Deal: Court adjourns case against Adoke, Etete, Shell to October 26

13 June 2017

The case against former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, a former Minister of Petroleum, Dan Etete; oil giants, Shell, Eni and four others has again been adjourned to October 26, 2017.

The Economic and Financial Crimes Commission, EFCC are arraigning the accused for the illegal sale of the oil bloc, OPL 245.

OPL 245 is considered the richest in Africa, estimated to contain about 9 billion barrels of crude.

The adjournment was made known by the prosecutor, Johnson Ojugbane who stated that most of the accused are outside the country.

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Malabu oil deal: Court shifts hearing of Shell, Agip, EFCC’s objection to July 5

The Federal High Court sitting in Abuja on Thursday fixed July 5, 2017 to hear the preliminary objections to a suit filed by Malabu Oil and Gas Ltd against the Federal Government.

Joined as defendants in the suit are the Minister of Petroleum Resources, Shell Nigeria Ultra-Deep Limited, Shell Nigeria Exploration and Production Company Ltd; Nigerian Agip Exploration Company Ltd; Economic and Financial Crimes Commission (EFCC) and Chief Dan Etete.

In the suit filed on 10th April, 2017, Malubu Oil and Gas Limited is seeking an order of court stopping Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration Company Limited from signing the Final Investment Decision (F.I.D) for the $13.5 billion Zabazaba Deep water Project located in Oil Prospecting Licence (OPL245) in the second quarter of this year.

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Shell to invest $25 billion in Nigeria, other countries

Shell to invest $25 billion in Nigeria, other countries

Oil giant, Royal Dutch Shell, has announced plans to invest about $25 billion this year in Nigeria and all its oil and gas operation across the world.

Shell made the announcement in its first quarter 2017 financial results released on Thursday.

The report revealed that Shell netted an income of $2.2 billion and was expecting to generate $10 billion in cash flow from the delivery of some of its new projects by 2018.

The company recently announced the resumption of oil production at its 225,000 barrels per day (bpd) Bonga Floating Production Storage and Offloading (FPSO) field in Nigeria’s deep-waters.

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Nigeria: Despite Malabu Scandal, Shell, Eni Will Continue to Operate OPL 245 – Govt

3 MAY 2017

The Federal Government says the Zabazaba deepwater project in Oil Prospecting Lease (OPL) 245 will continue in spite of controversies surrounding the oil block.

The Minister of State for Petroleum Resources, Ibe Kachikwu, said this in Houston Texas, U. S. while addressing journalists on the sidelines of the annual Offshore Technology Conference.

According to him, the project, which is to be carried out by the trio of the Federal Government, Shell and the Nigerian Agip Exploration Limited (NAE), will go on as scheduled and the protracted dispute on the block with Malabu oil will not affect it.

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Malabu Deal: NGO Seeks Inclusion Of Nigeria In Prosecution Of Shell, Eni

BY HUMAN AND ENVIRONMENTAL DEVELOPMENT AGENDA (HEDA RESOURCE CENTRE) APR 20, 2017

The Human and Environmental Development Agenda (HEDA Resource Centre), a Nigerian non-governmental organization, has petitioned Vice President Yemi Osinbajo, urging him to request that Nigeria be included in the Milan Court’s prosecution of Shell and Eni with respect to the scandalous Malabu deal.

In a petition addressed to Mr. Osinbajo, who also doubles as the Chairman of the Asset Recovery Committee, HEDA advised the federal government to request that the Italian court judge should recognize Nigeria as a civil party to the Malabu criminal proceeding in order to request adequate compensation for the damages received by the corrupt scheme.

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Fresh Revelations of Alleged Shell Corruption to be Heard in Italian Court

Fresh Revelations of Alleged Shell Corruption to be Heard in Italian Court

By Chloe Farand • Thursday, April 20, 2017

Court proceedings are due to begin in Italy today to determine whether oil giant Shell will face trial on corruption charges over the purchase of one of Africa’s most valuable oil blocks.

Italian prosecutors claim Shell and Italian oil major Eni concluded a deal for the rights to exploit the Nigerian deepwater oil block OPL 245 with knowledge that the money would fall into the hands of a convicted money-launderer and be turned into political kickbacks.

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Shell and Eni embroiled in ‘unholy mess’ over Nigerian oil

20 April 2017

Shell and Eni are waiting to learn whether a judge will accept a request from a Milan prosecutor for the two companies and individuals — including Claudio Descalzi, chief executive of the Italian energy group — to face trial for alleged corruption.

Shell acknowledged for the first time last week that it knew Malabu would be compensated for relinquishing its claim on OPL 245. Anti-corruption campaigners see Shell’s admission as a smoking gun, and have seized on the leaked emails sent between senior company employees between 2008 and 2010 as evidence of bribery. 

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Two oil giants could face trial in Italy over Nigerian deal

“Etete can smell the money. If, at 70 years old, he does turn his nose up at 1.2 billion he is completely certifiable.”

That’s a quote from a confidential email which is embarrassing the oil giant Shell. For years, Shell had strenuously denied that it knew anything about the involvement of convicted money launderer and former Nigerian oil minister Dan Etete in its purchase of the rights to one of Nigeria’s biggest oil fields.

But last week, the British environmentalist and anti-corruption organization, Global Witness, published confidential emails written by a Shell employee. This correspondence, which went right to the top of the Shell management hierarchy, proves that there was a direct link to the convicted Nigerian. After publication, Shell then decided that further clarification of its correspondence was needed. One had to negotiate with Etete “whether one wanted to or not,”  it said.

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Shell’s dirty secrets

13 APRIL 2017

Oil company Shell has admitted for the first time that it negotiated with a money-launderer for access to an oil field in 2011. Shell and Italy’s Eni paid $1.3bn to Nigeria for access to the field. But investigators claim $1.1bn was passed to a firm controlled by Dan Etete, a man who was convicted of money laundering in a separate case.

Documents filed by Italian prosecutors claim $466m of that was laundered and passed on to then president Goodluck Jonathan.

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Reps Committee To Summon Ex-President Jonathan Over Malabu Oil Scandal

by AIT: 12 April 2017

Courts in Nigeria and Italy are investigating the purchase of the offshore block which was initially awarded in 1998 to Malabu Oil and Gas, in a disputed deal, before Royal Dutch Shell and Eni were awarded the rights in 2011.

Shell and Eni paid $1.3 billion for the rights to the block, which industry estimates say could hold more than 9 billion barrels of oil.

The House of Representatives mandated the committee to “conduct a thorough examination of the process and circumstances surrounding OPL 245 and identify culpability of any persons, groups or organisations,” committee chairman Razak Atunwa said in an emailed statement.

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Shell claims low-carbon edge

On Monday, reports surfaced that some of Shell’s money circulating in Nigeria was used for payoffs.

April 12 (UPI) — One of the largest oil companies in the world, Royal Dutch Shell said Wednesday it was focused on a low-carbon strategy that was geared toward long-term growth.

Shell highlighted its movement through a changing energy landscape in a sustainability report on activities last year. Chief Executive Officer Ben van Buerden said in the report that lower crude oil prices and a global community coordinated around the U.N.-backed Paris climate agreement meant changes were necessary for the oil and gas business.

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Malabu Scandal: Abacha’s son wants court to stop Nigerian govt, Shell, Agip from operating block

Malabu Scandal: Abacha’s son wants court to stop Nigerian govt, Shell, Agip from operating block

Malabu Oil and Gas Ltd. has asked an Abuja Division of the Federal High Court to stop the sale of a $13. 5 billion deep water project located in the controversial oil block, OPL 245.

The OPL 245, regarded as one of Africa’s richest oil blocks with an estimated over 9 billion barrels of crude, was controversially awarded to Malabu in 1998 by the then petroleum minister, Dan Etete who partly owned the company through a fictional character, Kwekwu Amafegha.

The block was controversially sold to oil giants, Shell and ENI, in 2011 with a large chunk of the $1.1 billion paid ending up in private pockets including those of Mr. Etete.

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Shell Corruption Probe: New Evidence on Oil Payments

Nigeria: Malabu Scandal – After Telling Lies for Years, Shell Admits It Knew Etete Would Benefit From $1.1 Billion

“This is a huge U-turn that reveals Shell’s duplicity,”

After repeated denials in various countries, Anglo-Dutch oil giant, Royal Dutch Shell, on Monday finally admitted it had foreknowledge that the $1.3 billion itself and ENI paid to Nigerian government for the OPL 245 oil block licence would ultimately be used to settle convicted former Minister of Petroleum, Dan Etete.

“Over time, it became clear to us that Etete was involved in Malabu and that the only way to resolve the impasse through a negotiated settlement was to engage with Etete and Malabu, whether we liked it or not,” The New York Times quoted Andy Norman, a spokesperson for Shell, as saying in an email Monday.

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Shell dealt with money-launderer to ‘resolve impasse’

Only 24 hours after claiming it had no knowledge of “improper payments” to a convicted money-launderer over a $1.3 billion (£1.1 billion) oil field acquisition in Nigeria, Shell has admitted it had known it was dealing with the controversial figure but doing so was “the only way to resolve [an] impasse”.

The oil scandal involves former Nigerian oil minister Dan Etete, whose company Malabu bought the nine-billion-barrel OPL 245 field off the coast of Nigeria for just $2 million while he was in his government post.

Shell and its Italian partner ENI then bought the field from the Nigerian government in 2011 for $1.3 billion, with more than $1 billion being passed onto a company controlled by Etete, according to Italian prosecutors.

Etete — who was convicted of money-laundering in an unrelated case — denies wrongdoing.

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Shell says it knew some payments for Nigeria oilfield would go to Malabu

By Libby George | LONDON: Royal Dutch Shell (RDSa.L) has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer.

Shell spokesman Andy Norman said the group had known the Nigerian government “would compensate Malabu to settle its claim on the block”. Shell previously had said only that its payments from the 2011 deal went to the Nigerian government.

In an email to Reuters, Norman said that while Shell knew that former oil minister Dan Etete was “involved” with Malabu, it had not confirmed that he controlled the company.

Etete was convicted of money laundering in a separate case in France in 2007.

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Shell corruption probe: Top executives knew part of £1.3bn Nigerian oil deal would go to convicted money launderer

In a huge u-turn, the company has now admitted it knew Mr Etete was involved.

Top executives at Shell knew that money they paid as part of a $1.3bn deal for a huge Nigerian oil field would end up in the hands of a convicted money launderer who awarded the asset to his own company when he was oil minister of the country.

Emails seen by The Independent and reported by anti-corruption campaign groups Global Witness and Finance Uncovered, show senior bosses at the UK’s biggest company had been informed that hundreds of millions of dollars could flow through former oil minister Dan Etete to be paid in bribes to former President Goodluck Jonathan and other political figures.

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Shell admits dealing with money launderer

11 April 2017

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for access to the field. Investigators claim $1.1bn was passed to a firm controlled by Mr Etete.

Shell and the Italian firm ENI agreed a deal with the Nigerian government for the rights to exploit OPL 245, a prime oil block off the coast of the Niger Delta.

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Malabu Scam: Shell Finally Admits Knowing It Was Paying Bribes To Etete

BY SAHARAREPORTERS, NEW YORK APR 10, 2017

Global oil giant, Shell, has been forced to admit that it knew it was paying bribes to Nigerian government officials during the transaction for OPL 245. Shell, which had consistently denied wrongdoing, on Monday, admitted that the transaction lacked fidelity.    

On Sunday, Global Witness and Finance Uncovered exposed freshly leaked emails showing that Shell knowingly participated in a massive bribery scheme for one of Africa’s most valuable oil blocks, which robbed Nigerians of $1.1billion.

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‘Shell was op de hoogte van doorsluizen geld naar Nigeriaanse witwasser’

Shell rocked by corruption claims after negotiating with money launderer during £1bn Nigerian oil field purchase


Current chief executive Ben Van Beurden has also been caught up in the investigation. He was not in position when the deal was complete, but after Shell’s Hague offices were raided in February last year, Dutch authorities wire-tapped a call between Van Beurden and then chief financial officer Simon Henry in which Van Beurden allegedly urged Henry not to disclose the raid to shareholders.

Wiretap: After Shell’s headquarters in the Hague were raided in February last year, ceo  Ben Van Beurden urged chief financial officer Simon Henry not to disclose the raid to shareholders

By Sabah Meddings For The Daily Mail

Shell was last night accused of taking part in ‘one of the worst corruption scandals the industry has ever seen’ after buying an oil field in Nigeria.

The Anglo-Dutch giant joined forces with Italian rival Eni to acquire the site off the coast of the West African country for £1billion – giving it access to 9bn barrels of oil, worth nearly half a trillion dollars at today’s prices. But leaked documents suggest it knew much of this cash would fall into the hands of a convicted money launderer and be used to bribe government officials.

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Watchdogs allege Shell knew about Nigeria oil kickbacks

Corruption watchdogs alleged Monday that Shell executives knew that money earmarked for a controversial oil deal was being used to bribe senior Nigerian officials, a claim rebuffed by the petroleum giant.

The allegations by Global Witness and Finance Uncovered refer to the 2011 purchase by oil giants Shell and Eni of OPL245, an offshore oil block estimated to hold 9 billion barrels of crude, for $1.3 billion.

The deal saw the Nigerian government act as an intermediary between the oil majors and Malabu Oil and Gas, a Nigerian company allegedly controlled by former petroleum minister Dan Etete.

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New evidence in Nigeria Corruption Probe: Shell Bosses bribed the oil-minister

Published: Monday, 10 April 2017 18:54

When Shell was buying the OPL 245 oil field in Nigeria for US$1.3 billion, its executives knew that 1.1 billion will land in the pocket of former petroleum minister and convicted money launderer, Dan Etete, media reported Monday.

The BBC claims to have seen emails obtained by anti-corruption charities, Global Witness and Finance Uncovered, which say that Shell representatives were negotiating with Etete for a year before the deal was finalized.

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Leaked emails increase pressure on Shell over Nigerian oil deal

A trove of internal Shell emails seen by the Financial Times and dated between 2008 and 2010 leave no doubt that senior people within the company knew that most of the $1.3bn paid together with Eni for OPL 245 was destined for Malabu, and that much of the money would end up with Mr Etete and associates. Shell had previously said only that the money was paid to a Nigerian government escrow account.

In the intercepted phone call with Mr Henry, Mr van Beurden acknowledged Shell’s own investigation uncovered “unhelpful” and “stupid” email exchanges among former UK intelligence agents hired by the company to help negotiate the OPL 245 deal.

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The Recent Revelations About Shell And Nigeria Are “Utterly Indefensible”, Says Development Committee Chair

James Ball: BuzzFeed Special Correspondent: 10 March 2017 

The chair of parliament’s international development committee has called for the government to make clear what it is doing to investigate a $1.3 billion oil deal signed by Shell and Italian oil company ENI in Nigeria.

The call comes after BuzzFeed News and the Italian newspaper Il Sore 24 Ore published “Shell Shocks”, a cache of emails and court documents revealing that Shell top executives signed off on a deal with full knowledge that most of the money would go to Malabu, a company connected to a former Nigerian oil minister, Dan Etete.

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Recorded call reveals Shell worried Nigerian oil deal could lead to U.S. probe

Top executives at Royal Dutch Shell (RDS.A, RDS.B) last year were worried that a controversial Nigerian oil deal may have violated an agreement with the U.S. Justice Department and would prompt an investigation, according to a recorded phone call between CEO Ben van Beurden and Simon Henry, the company’s CFO at the time.

In the call, van Beurden said he was worried that Shell’s own investigators had discovered internal emails that could cast the company in a negative light and widen the investigation by drawing in U.S. authorities; the call was recorded and has now been made public.

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Shell Knew Of Bribe Payments To Nigerian Official, Global Witness Report Alleges

A recent publication of leaked emails has found evidence that Shell knowingly bribed ministers in the Nigerian government. Global Witness, an anti-corruption NGO, described the episode as “one of the worst corruption scandals in the history of the oil industry”.

The affair relates to OLP 245, an offshore oilfield in Nigerian waters that is estimated to hold nine billion barrels of oil, valued at over half a trillion dollars at current prices.

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Shell and the money-launderer: Damning emails of Nigerian deal

BY LUCY TOBIN: 10 April 2017

Shell was today embroiled in a bribery scandal amid allegations that the oil giant knew money paid to the Nigerian government for a $1.3 billion (£1.1 billion) project would go to a convicted money-launderer and potentially pay political bribes.

The claims surround a deal made by Shell and a former Nigerian oil minister Dan Etete, whose company Malabu bought the nine-billion-barrel OPL 245 field off the coast of the African country for a paltry $2 million while he was in his government post.

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Recording Puts Shell’s Nigerian Oil Deal Under a Harsh Light

The investigators were “quite forceful and brusque” and “rattled a few people,” Mr. van Beurden told the finance chief at the time, Simon Henry, when Mr. Henry returned his call. But Mr. van Beurden said he was also worried about something else: Shell’s own investigators had discovered internal emails that could cast the company in an even more negative light and widen the investigation by drawing in the United States law enforcement authorities.

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Shell corruption probe: New evidence on oil payments

The BBC has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast oil field would be passed to a convicted money-launderer.

It also had reason to believe that money would be used to pay political bribes.

The deal was concluded while Shell was operating under a probation order for a separate corruption case in Nigeria.

Shell said it did not believe its employees acted illegally.

OPL 245 is an oilfield off the coast of Nigeria whose estimated nine billion barrels of oil are worth nearly half a trillion dollars at today’s prices. Shell has been active in Nigeria for nearly 60 years and was keen to acquire the field.

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What Shell CEO Told Colleague About $1.3 Billion OPL 245 Scandal

What Shell CEO Told Colleague About $1.3 Billion OPL 245 Scandal

Mr. Van Beurden is heard on the intercept warning Henry not to volunteer any information that is not requested if approached by the police and discussing the ramifications for the company’s share price.

By Lionel Faull, Ted Jeory and Nick Mathiason

The boss of one of the world’s biggest corporations was placed under secret surveillance as part of a pan-European corruption investigation into the way the firm paid $1.3 billion for an oil block in Nigeria, explosive documents leaked to Finance Uncovered reveal.

The leak includes a recording of a wiretapped telephone conversation between Shell’s chief executive, Ben van Beurden, and his then chief financial officer, Simon Henry, in the immediate aftermath of a raid by Dutch financial police on the corporation’s headquarters in The Hague.

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Nigeria: Malabu Scandal – Jonathan Must Have Gotten $200 Million, Middleman Tells FBI, Others

Nigeria: Malabu Scandal – Jonathan Must Have Gotten $200 Million, Middleman Tells FBI, Others

Former President Goodluck Jonathan probably received as much as $200 million to approve the controversial $1.3 billion sale of OPL 245 oil field, Italian prosecutors said in court documents.

The documents, which were extracts of a thorough investigation by Italian authorities into the deal, also confirmed that Shell and ENI knew a good chunk of the $1.3 billion will be disbursed as kickbacks to Nigerian politicians, yet went ahead with the deal.

The findings were obtained by BuzzFeed and Italian business newspaper, Il Sole 24 Ore. BuzzFeed released its own version earlier today.

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The expanding Malabu quagmire

Adekunle Ade- Adeleye: March 19, 2017

IT will get to a point where OPL 245, the lucrative oil block with multiple, feuding owners, will not even recognise itself, not to talk of its owners. The block, believed to contain more than nine billion barrels of crude oil and much more natural gas, has an illustrious and convoluted history that began controversially in 1998 when the Gen Sani Abacha government awarded it to Malabu Oil and Gas Ltd, a company in which an Abacha son, a diplomat, and oil minister at the time, Dan Etete, had interests. In 2002, it was revoked by the Olusegun Obasanjo presidency and awarded to Shell, thereby prompting Malabu to sue the government and the new owners. To settle out of court, the oil block was again revoked and given back to Malabu in 2006. Naturally Shell also went to court, and in 2011 the block reverted to Shell which paid $1.3bn to the Nigerian government, $1.1bn of which was transferred to Malabu. Dizzying, complex back and forth, and labyrinthine.

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Nigerian court overturns seizure of oilfield from Shell and Eni

Nigerian court overturns seizure of oilfield from Shell and Eni

By ReutersPUBLISHED: 09:48, 17 March 2017 | UPDATED: 10:18, 17 March 2017

ABUJA, March 17 (Reuters) – A Nigerian court on Friday overturned a request by Nigeria’s financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni.

In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and Financial Crimes Commission (EFCC).

Oil companies Shell and Eni had filed motions to dispute this.

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Nigerian court adjourns Shell, ENI dispute until March 17

By Camillus Eboh

ABUJA, March 13 (Reuters) – A Nigerian court case in which Royal Dutch Shell and Italy’s Eni are seeking to have a government seizure of a long-disputed oilfield lifted has been adjourned until March 17, a judge said on Monday.

The court in January ordered the temporary seizing of assets and the transfer of operations of the OPL 245 field owned by Shell and Eni, among others, to the federal government on request of the EFCC financial crime agency.

The inquiry is investigating whether the $1.3 billion purchase of OPL 245 involved “acts of conspiracy, bribery, official corruption and money laundering”, court papers seen by Reuters in January showed.

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Malabu Scandal: How Shell used former British spies to gather intelligence while negotiating purchase of OPL 245

Nicholas Ibekwe and Idris Akinbajo: 5 March 2017

Multinational oil giant, Shell, set up an Intelligence network made up of some of Europe’s top spies which gathered information on some of the top actors involved in the infamous Malabu oil scam during the negotiations leading to payment of $1.1 billion for OPL 245, an investigation by UK-based Finance Uncovered has revealed.

The network made up of former members of UK’s MI6 spy agency, including Guy Colegate and John Copleston, gathered information which they circulated within Shell.

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Shell and Eni face corruption charges over Nigerian deal

The companies are accused of a paying a Nigerian politician $801 million for a block that he was awarded for a token sum: DAVID BEBBER/THE TIMES

Emily Gosden, Energy Editor: March 4, 2017

Royal Dutch Shell and Eni have been charged with corruption over their $1.3 billion acquisition of a huge oil exploration block off the coast of Nigeria.

Prosecutors in the west African country allege that the companies corruptly gave $801 million to individuals including Dan Etete, a former Nigerian energy minister, and Malabu, a company linked to Mr Etete, to which he had awarded the block for a token sum while he was minister.

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Nigeria charges oil majors Shell, Eni with corruption

By AFPPUBLISHED: 22:33, 2 March 2017 

Nigeria’s anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal.

The Economic and Financial Crimes Commission (EFCC) accused 11 defendants of “official corruption”, according to court documents.

Shell, Eni and Agip, Eni’s Nigerian subsidiary, are alleged to have corruptly given the “aggregate sum of $801 million” to Nigerian businessmen and politicians.

This is the latest probe into the controversial 2011 oil deal that highlights endemic corruption within the sector.

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Malabu: Why EFCC filed corruption charges against Shell, Eni, Adoke, others

Malabu: Why EFCC filed corruption charges against Shell, Eni, Adoke, others

Evelyn Okakwu: March 03, 2017

The Economic and Financial Crimes Commission, EFCC, on Thursday filed a three-count charge against two multinational oil firms, Shell and ENI, for their roles in the $1.1 billion Malabu oil scam.

The EFCC had in December filed related charges against two former Nigerian ministers, Mohammed Adoke and Dan Etete, and others after concluding investigations on the 2011 controversial‎ sale of OPL 245.

The alleged fraud committed by the ex-Nigerian officials and officials of the oil firms, has also led to investigations and charges in Italy.

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Nigeria files new charges against Shell, Eni, others over 2011 oilfield purchase – court documents

Nigeria’s financial crime watchdog has filed new corruption charges against Royal Dutch Shell PLC, Eni SpA and others regarding the $1.3 billion purchase of a long-disputed oilfield in 2011, according to court documents released on Thursday.

The charges of conspiracy to commit a felony and official corruption were made after an investigation by Nigeria’s Economic and Financial Crimes Commission (EFCC) found new evidence, Jonson Ojogbane, an EFCC senior prosecutor named in the documents, told Reuters by telephone.

Shell and Eni did not immediately respond to requests for comment.

The case is the latest of several inquiries, following those by Dutch and Italian authorities, into the 2011 purchase of Nigerian oil prospecting licence OPL 245 block, which could hold up to 9.23 billion barrels of oil, according to industry figures.

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Nigerian court to rule on March 13 on Shell, ENI dispute with authorities

“acts of conspiracy, bribery, official corruption and money laundering.”

By Camillus Eboh | ABUJA

Feb 27 A Nigerian court will rule on March 13 on a request by Royal Dutch Shell and Italy’s Eni to lift the temporary seizing of a long-disputed oilfield, a judge said on Monday.

The court last month ordered the temporary seizing of assets and the transfer of operations of the OPL 245 field owned by Shell and Eni, among others, to the federal government on request of the country’s financial crime agency EFCC.

The case is the latest of several inquiries, following those by Dutch and Italian authorities, into the 2011 purchase of the OPL 245 block, which could hold up to 9.23 billion barrels of oil, according to industry figures.

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Shell says receives indictment request in Nigeria oilfield dispute

Royal Dutch Shell (RDSa.L) said it received notice on Tuesday of a request for indictment related to a 2011 settlement of long-standing disputes over an offshore block in Nigeria (OPL 245) .

The tribunal of Milan has fixed the preliminary hearing for 20 April 2017, the company said in a statement. “We don’t believe a request for indictment is justified and we are confident that this will be determined in the next stages of the proceedings. We continue to take this matter seriously and co-operate with the authorities,” Shell added. Shell and Eni on Tuesday said they have asked a Nigerian court to lift a temporary forfeiture of assets and the transfer of operations of the OPL 245 field owned by Shell and Italy’s Eni (ENI.MI), among others, to the federal government.

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Shell and ENI ask Nigerian court to lift forfeiture on oilfield: documents

Reuters: Shell and ENI ask Nigerian court to lift forfeiture on oilfield: documents

By Camillus Eboh

ABUJA, Feb 14 (Reuters) – Oil majors Royal Dutch Shell (LSE: 0LN9.Lnews) and ENI (LSE: 0N9S.Lnews) have asked a Nigerian court to lift a temporary forfeiture of a long-disputed oilfield, a copy of the court documents filed by the two firms showed on Tuesday.

Last month, a Nigerian court ordered the temporary forfeiture of assets and the transfer of operations of the OPL 245 field owned by Shell (LSE: RDSB.Lnews) and Eni, among others, to the federal government.

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Nigeria: Malabu $1.1 Billion Fraud – Shell, Eni Want Nigeria’s Richest Oil Block Back

Premium Times: Nigeria: Malabu $1.1 Billion Fraud – Shell, Eni Want Nigeria’s Richest Oil Block Back

Although Shell and ENI have repeatedly claimed they did not know the money was going to end up with Malabu, investigations in Nigeria and Italy as well as leaked documents revealed that claim to be false.

14 February 2017

By Evelyn Okakwu

Two multinational oil firms have challenged the propriety of the Nigerian government withdrawing a major oil block from them.

Shell and Eni, through their Nigerian subsidiaries, asked a Federal High Court to reverse an order that revoked the award of OPL 245 to them.

Justice John Tsoho of the Federal High Court had on January 26 granted an interim order directing the return of the block – Nigeria’s richest, estimated to contain over 9 billion barrels of crude – to the Nigerian government,

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OPL 245: Shell, Agip ask court to dismiss forfeiture order

14 FEB 2017

Abuja – Shell Nigeria Exploration and Nigeria Agip Exploration have asked the Federal High Court, Abuja, to discharge the order of forfeiture of OPL 245 which it granted the Economic and Financial Crimes Commission (EFCC).

Justice John Tsoho on Jan. 26, granted an order of interim forfeiture of Oil Prospecting Licence (OPL 245) to the Federal Government pending investigation and prosecution of suspects in the $1.1 billion Malabu Oil scam.

At the resumed hearing of the matter on Tuesday, the prosecuting counsel, Mr Johnson Ojogbane, informed the court that he was unable to respond to the two applications filed by the the applicants on the matter.

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Shell, Eni hit with Nigerian oil deal corruption charges

Shell, Eni hit with Nigerian oil deal corruption charges

Joe Sandler Clarke / Energydesk: 13th February 2017

Weeks after a major legal victory in London’s High Court over oil-polluted communities in Nigeria, writes Joe Sandler Clarke, Shell has suffered a dramatic reversal of fortunes as Italian prosecutors charge the company, and Italy’s Eni, on corruption charges over a $1.3 billion oil deal.

Italian prosecutors have charged oil giants Shell and Eni with international corruption offences, as the companies struggle with the fallout from their controversial 2011 purchase of an oil licence in Nigeria.

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Italy prosecutors ask Eni CEO to be sent to trial over Nigeria – sources

REUTERS: Italy prosecutors ask Eni CEO to be sent to trial over Nigeria – sources

Wed Feb 8, 2017 | 6:36pm GMT

Italian prosecutors have asked for the CEO of state-controlled oil major Eni (ENI.MI), Claudio Descalzi, to stand trial over alleged corruption in Nigeria, judicial sources said on Wednesday.

The prosecutors also asked for 10 other people, including former Eni CEO Paolo Scaroni, to be sent for trial along with the Eni and Royal Dutch Shell (RDSa.L) companies, the sources said.

Scaroni was not immediately available for comment. No comment was immediately available from Shell.

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Corruption Currents: Nigeria to Charge Shell, Eni in Oil-Graft Scandal

By SAMUEL RUBENFELD: Jan 30, 2017 5:41 pm ET

Bribery:

Nigeria seized an oil block and will prosecute petroleum giants Royal Dutch Shell PLC and Eni in a $1.2 billion corruption scandal that has drawn investigators from several countries. Shell declined to comment, and Eni denied wrongdoing. (AP)

SOURCE

Nigeria Seizes $1.2 Billion Oil Bloc in Shell, Eni Scandal

Nigeria Seizes $1.2 Billion Oil Bloc in Shell, Eni Scandal

By MICHELLE FAUL, ASSOCIATED PRESS

JOHANNESBURG — Jan 27, 2017, 7:31 AM ET

Nigeria is seizing back one of Africa’s richest oil blocs and will prosecute petroleum giants Shell and Eni in a $1.2 billion corruption scandal that has drawn investigators from the United States, Italy, France, Switzerland and Holland, according to a Nigerian Federal High Court document.

The court on Thursday ceded control of Oil Prospecting License 245 to the government while the West African country’s Economic and Financial Crimes Commission investigates and prosecutes suspects in the “Malabu Oil scam,” according to a statement from the commission.

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Nigeria Tells Shell, Eni to Temporarily Cede Oil Field Control

by Yinka Ibukun and Elisha Bala-Gbogbo: 27 January 2017

A Nigerian court has ordered Royal Dutch Shell Plc and Eni SpA to cede control of a jointly owned oil license to the government amid an investigation into how they purchased the asset.

The companies’ control of Oil Prospecting License 245 is suspended pending “investigation and prosecution of suspects” including companies and individuals accused of possible “acts of conspiracy, bribery, official corruption and money laundering,” according to documents from the Federal High Court in Abuja.

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