Don’t Neglect to Pay the Middleman: How Shell and Eni Ended Up On Trial

By Libby George and Shadia Nasralla LONDON, May 21 (Reuters) - Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria. Now, nine current and former executives or contractors from Italy's Eni and British-Dutch giant Royal Dutch Shell , including ENI Chief Executive Claudio Descalzi, have been accused … [Read more...]

Eni, Shell to Face Trial in Italy in $1 Billion Bribery Case

By Chiara Albanese, Sergio Di Pasquale and Kelly Gilblom (Bloomberg) -- Eni SpA, Royal Dutch Shell Plc and senior executives will face trial over a $1.1 billion bribery scandal in Nigeria, an Italian judge ruled on Wednesday. The trial will start on March 5 in Milan, judge Giusy Barbara told reporters. The long-awaited decision, initially expected several months ago, will … [Read more...]

Exxon Eyes Egypt’s Offshore Oil

by Ron Bousso (Reuters) Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss investments in oil and gas production, known as … [Read more...]

Trump Administration Approves New Drilling in Arctic

By Timothy Gardner WASHINGTON, Nov 28 (Reuters) - Eni US could begin work on oil exploration in federal waters off Alaska as soon as next month after the Trump administration on Tuesday approved permits for leases the company has held for a decade, the Interior Department said. The department's Bureau of Safety and Environmental Enforcement, issued Eni US, a unit of Italy's … [Read more...]

Drones Take Eni’s Oil Rig Inspections Airborne

By Joe Easton (Bloomberg) -- A British drone operator has won a contract to inspect rigs operated by one of the world’s largest oil producers. Sky Futures Ltd. will deploy drones at Eni S.p.A. facilities as part of a global three-year contract. The company expects airborne analysis and visualization technology to help improve safety by forecasting issues before they … [Read more...]