- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
Africa Oil & Gas: Nigeria lost $6 billion to Shell and Eni
A new report finds that Nigeria missed out on nearly $6 billion in projected revenues because of the odd structure of a 2011 oil deal it made with Royal Dutch Shell (NYSE: RDS.A) and Eni (NYSE: E).
The deal is now in focus because of a corruption trial in Milan, where Eni executives are in the hot seat.
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