Italian Executive Probed for Nigeria Oil Bloc Scandal

Updated: Fri 12 Sep, 05:32 am

Four months after assuming office, Claudio Descalzi, the Chief Executive Officer of ENI, Italy's biggest listed company is under investigation by authorities for alleged corruption relating to the … read more »

What is the Truth Behind Nigeria's Malabu Oil?

Updated: Thu 25 Jul, 03:21 am 2013

The Malabu oil scandal arose from a few private firms that allegedly sold off an oil bloc to major oil firms ENI, Shell and Agip - proceeds of which were shared by the private firm owners and former … read more »

Oil Giant to Sell Four Nigerian Oil Fields

Updated: Thu 28 Aug, 07:31 am

Anglo-Dutch oil multinational, Shell, is in the process of concluding the sale of four Nigerian oil blocks in a U.S.$5 billion deal - part of the company's plan to dispose of U.S.$15 billion of its … read more »