News
U.S. Justice Dept. drops investigation into Shell over Nigerian oil deal
Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield. Shell and Italy’s Eni are both currently on trial in Milan on graft allegations revolving around the acquisition of the OPL 245 oilfield.
“The U.S. Department of Justice (DoJ) has notified us that it has closed its inquiry into Shell in relation to OPL 245. We understand that this is based on the facts available to the DoJ, including ongoing legal proceedings in Europe,” Shell said in a statement. On Tuesday, Eni said the DoJ had closed its investigation into Eni over alleged corruption in the OPL245 case as well as a separate case in Algeria.
Reuters
-
News2 days agoECOWAS to scrap regional air taxes, paving way for cheaper flights from January 2026
-
Oil and Gas2 days agoU.S. energy agency raises crude oil price forecast, Heirs Energy strike flare-gas deals to curb emissions, boost energy
-
Uncategorized2 days agoIMF urges China to take the ‘brave choice’: curb exports, boost consumption
-
Economy2 days agoNiger Delta MSME empowers entrepreneurs with N3m grant
-
News16 hours agoFCCPC seals Ikeja Electric headquarters in Lagos over alleged consumer rights violation
-
Finance2 days agoAccess Bank champions Africa’s payment integration at PAPSS cOWRY 2025 forum
-
Uncategorized2 days agoECB to stay on hold through end of 2026 on expected stable economic outlook— Reuters poll
-
Oil and Gas16 hours agoNNPCL targets 2mbd oil production in 2026