Electron Native

The Italian energy group Eni is heaving a sigh of relief. According to Eni, the U.S. Justice Department has closed its investigations into alleged corruption by its subsidiary in Nigeria and Algeria. In a related development, Eni is currently on trial in Milan on graft allegations revolving round the acquisition of a giant Nigerian oilfield in 2011.   Shell and Eni Source : businessday.ng In that case Eni and peer Royal Dutch Shell are accused of buying the OPL 245 offshore field for about 1.3 billion U.S. dollar in a deal that spawned one of the industry’s largest graft scandals. Milan prosecutors allege that about 1.1 billion U.S. dollar of the total was siphoned off to pay politicians, businessmen and middlemen. Eni and Shell have denied any wrongdoing. “Today’s decision by the DOJ confirms the findings of independent advisors, who conducted investigations into the claims... which also found no illegal activity,” Eni ...

Aiteo Exploration Limited, that operators of the 97 kilometre Nembe Creek Trunk Line (NCTL), has confirmed there is no loss of life in Friday’s explosion on the crude export pipeline. Source :  ng-construction.com Aiteo officials said that the fire from the explosion, which burned till Saturday, had been put out without loss of life. The NCTL situation, with a capacity of conveying 150,000 barrels of crude daily to the Bonny oil export terminal, will adversely affect crude export, having been put out of use. Public Relations Manager of Aiteo, Ndiana-Abasi Mathew, confirmed the incident  on Saturday. “There is no official statement at the moment but I can gladly inform you that the fire has been contained and no lives were lost,” Mathew said. The oil export line was shut for emergency repairs following a leak when the incident occurred and discharged residual crude and gas trapped in the pipeline. Shell Petroleum Development Company (SPDC), in 2015, divested...