South Africa’s labour court has ordered a mineworkers’ union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.
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(Bloomberg) — Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.
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A Milan court sentenced two defendants in a Nigeria corruption case to jail on Thursday in what is a first ruling on one of the oil industry’s biggest graft scandals.
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The Mozambican government has commissioned an audit of Anadarko and ENI’s operating costs in their LNG operations, following allegations that the companies were inflating their recoverable costs in the Rovuma basin. The audit began on 2 April, 2018, and is expected to be completed in December of this year.
Read MoreShell, Eni and senior managers including Eni CEO Claudio Descalzi have been ordered to stand trial by a judge in Milan over allegations relating to a Nigerian asset. Both firms say they have done nothing wrong.
Read MoreA Nigerian court on March 17 reversed an earlier decision over the offshore OPL 245 exploration block, effectively returning the block to Shell and Eni. The news was reported locally, including by Abuja-based newspaper Premium Times.
Read MoreA Nigerian court on Friday overturned a request by Nigeria’s financial crimes agency to seize an oilfield from Royal Dutch Shell and Eni. In January, a court had ordered the seizure of the OPL 245 oil block and transfer of operations to the federal government on the request of the Economic and Financial Crimes Commission (EFCC). Oil companies Shell and Eni had filed motions to dispute this.
Read MoreSouth African mines minister Ngoako Ramatlhodi said Tuesday courts should decide on whether or not companies can claim they have met their required black-ownership quotas, as the government and the industry didn’t seem to have reached consensus on the matter.
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