Eni

The UK Supreme Court on Friday allowed a group of 42 500 Nigerian farmers and fishermen to sue Royal Dutch Shell (RDS) in English courts after years of oil spills in the Niger Delta contaminated land and groundwater.

Adoke, in his petition dated February 5, claimed that the evidence presented against him at the Italian court was “forged” with the intent to interfere with the course of justice.

Meanwhile, oil companies such as Royal Dutch Shell, ExxonMobil, Total and Eni, are cutting billions in spending after taking hits to their profits, shifting money to renewable fuels and focusing only on the most cost-effective markets.

Former Attorney-General of the Federation and Minister of Justice of Nigeria, Mr. Mohammed Bello Adoke (SAN), yesterday noted that the so-called new e-mail admitted by an Italian Court against him was forged.

President of Senate, Ahmad Lawan, has pushed for a cost reduction in the production of crude oil by International Oil Companies operating in Nigeria.

Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire 45 per cent stake in Oil Mining Lease (OML) 17 onshore oilfield.

Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.

The Nigerian Agip Oil Company (NAOC) on Thursday said the Nov. 20 explosion at its oil field in Bayelsa would adversely impact crude export to the tune of 30,000 barrels daily.

A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said.

Too many multinational companies are neglecting to protect human rights despite investors and customers urging them to do so, according to the 2020 Corporate Human Rights Benchmark.

The former Acting Chairperson, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, is unlikely to get justice at the Ayo Salami anel set to probe him, Nigeria’s leading anti-corruption group and its international partners have said.

Facebook supports rewriting Section 230, and it’s starting to lay out the changes it wants. That’s the big takeaway from a nearly four-hour grilling of Facebook CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, and Twitter CEO Jack Dorsey. The point was quickly lost in a pre-election political scuffle — but in the coming months, it’ll be one of the most important things to watch.

Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this...

The US imposed sanctions on 11 entities and three executives Thursday for allegedly aiding an Iranian energy firm that was blacklisted in January, and helping Iran export petroleum products .

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.

Nigerian lawmakers have instructed the country’s most senior accountant to investigate payments totalling $18 billion as dividends from Nigeria’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019, a Senate statement said.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company.

A presidential candidate at the just concluded Nigerian Bar Association (NBA) election, Dele Adesina, has called for the cancellation of the exercise.

Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.

Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Friends of the Earth accused France on Monday of planting a "ticking climate bomb" in Mozambique, where French oil giant Total is developing a mega-project to exploit natural gas.