EN FR

The Morning Brief
Log in

Password

Keep me logged in

Forgot your password?
Subscribe

Spotlight | Nigeria
Malabu/OPL 245: ENI turns up the heat on American investment firm Drumcliffe Partners

Italian oil & gas giant ENI has won the first round in a battle against Drumcliffe Partners, Abuja's chosen litigation fund in the Malabu scandal. [...]

Published on 26.10.2020 at 05:00 GMT Reading time 2 minutes

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

1 option to continue reading

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Energy

Set up email notifications for these topics

Abubakar Malami
Atkinson Strategic
Communications
Dan Etete
Drumcliffe Partners
ENI
International Centre for the Settlement of Investment Disputes
James Little
Johnson & Johnson
Malabu Oil & Gas
Maryellen Noreika
Nicolas Bourtin
Poplar Falls
Sani Abacha
Shell
Sullivan & Cromwell
Umaru Gwandu
World Bank

Nigeria
ENI's hopes for smooth ride at ICSID over OPL 245 dashed by new stakeholders

Despite the Italian major's efforts to exclude them, three NGOs will now be involved in its arbitration proceedings with Nigeria, through which it hopes to prove that Abuja unfairly prevented it from developing the oil block.

Subscriber Energy 21.03.2023

Nigeria
Litigation funder Drumcliffe tries to ensnare JP Morgan in Nigerian asset recovery fight

The litigation funder is lobbying the US Congress to facilitate seizures of assets linked to the Malabu Oil case. Its sights are set on the New York investment bank, which acted as an agent of Abuja in the complex sale and purchase of OPL 245 by Eni and Shell from Malabu Oil & Gas.

Subscriber Energy 30.03.2022

Nigeria
Abuja fine-tunes case against JPMorgan in OPL 245 affair

Nigeria, whose case against JPMorgan is about to be heard in London, is doing its utmost to prove the bank was negligent over the transfer of $875m from state funds to Dan Etete's Malabu Oil & Gas ahead of the sale of OPL 245 block to Shell and ENI.

Subscriber Energy 24.01.2022

Nigeria
Under threat of $479m fine, Shell gets cracking on arbitration

Oil major Shell has appointed the first member of the arbitral tribunal that will examine its dispute with the Nigerian state over an oil spill near Rivers State in 1970.

Subscriber Energy 29.04.2021

Nigeria
Milan acquittal on Malabu case spurs ENI into action against Abuja

The Italian major ENI is keen for more than the acquittal handed down in mid-March by a Milan court in the long-running Malabu Oil corruption case.

Subscriber Energy 24.03.2021

Nigeria
Presidential network helps Azikel Petroleum boss with Bayelsa refinery

Azikel boss Eruani Azibapu Godbless has one of the most powerful networks of connections in Bayelsa State, at the mouth of the Niger Delta, thanks to his family and his proximity to former president Goodluck Jonathan.

Subscriber Energy 23.03.2021

Nigeria
Dan Etete emerges miraculously unscarred from decade-long fight against corruption

Along with the leaders of Shell and ENI, an Italian court has acquitted of corruption a major beneficiary of the OPL 245 oilfield sellout: Dan Etete, former Nigerian oil minister and Niger Delta kingmaker.

Subscriber Energy 22.03.2021

Dan Etete in 1995, when he was Nigeria's oil minister.

Nigeria
Malabu/OPL 245 case: squad of former ministers to referee ENI vs NNPC bout

Following former Bulgarian diplomat Stanimir Alexandrov's appointment earlier this month, a second member has been picked to join the ICSID artibral tribunal that will hear the case opposing Nigerian and Italian major ENI.

Subscriber Energy 28.01.2021

Nigeria
ENI picks Bulgarian ex-foreign minister as its arbiter in dispute with NNPC over OPL 245

Chosen by the Italian major, former diplomat Stanimir Alexandrov is the first appointment to a tribunal that will arbitrate ENI's dispute with the Nigerian state over OPL 245.

Subscriber Energy 19.01.2021

Nigeria
OPL 245: Johnson law firm keeps Nigeria in dark over deal with Drumcliffe to finance Malabu litigation

In dramatic new developments in a Delaware courtroom, it has come to light that the lawyer representing Abuja in the Malabu affair, Olabode Johnson, has signed a litigation financing arrangement with a US private equity firm without informing Nigeria of the deal.

Subscriber Energy 27.11.2020

Nigeria
Malabu/OPL 245 scandal: backed by Three Crowns, ENI opens a new front against Abuja

After a court in Milan (Africa Intelligence, 16/09/20) it is [...]

Subscriber Energy 14.10.2020

Congo
What has become of Casula, Paduano and fellow ENI execs implicated in AOGC-WNR affair?

Italian MPs have given fresh impetus to the corruption investigation into ENI's operations in Congo. The principal protagonists are now keeping a low profile abroad or have been reassigned to new posts within the Italian major.

Subscriber Energy 21.09.2020

Nigeria
Berlusconi family lawyer defends Nigerian state against ENI and Shell in Malabu trial

Italian lawyer Lucio Lucia, who is acting for the Nigerian state in the trial of the parties involved in the Malabu oil scandal, has brought out the big guns before the Milan court hearing the case.

Subscriber Energy 16.09.2020

Nigeria
OPL 245 closure boosts Shell confidence with UK courts

Now that the threat of a lawsuit in London over the Malabu affair has lifted, the British-Dutch oil major is standing on firmer ground ahead of another case opened in the United Kingdom.

Subscriber Energy 03.06.2020

Nigeria
OPL 245: the silent exodus of team in charge of the deal at Shell

As an Italian court continues its probe into the award of Nigeria's most promising offshore block, all those involved in the deal at Shell are no longer with the major.

Subscriber Energy 07.01.2020

Nigeria
OPL 245: a star lawyer comes to Mohammed Bello Adoke's rescue

Legal expert Mike Ozekhome was able to have the arrest warrant for the Nigerian chief justice called off.

Subscriber Energy 19.11.2019

Nigeria
ENI-Shell/OPL 245: how Adoke took on the man responsible for his downfall

Was Mohammed Bello Adoke, who served as the Nigerian minister [...]

Subscriber Energy 22.10.2019

Nigeria
OPL 245: Abuja tries new angle and takes JP Morgan to court

The Nigerian government has won a first victory in its legal battle with American bank JPMorgan Chase, which it has [...]

Subscriber Energy 26.02.2019

Nigeria
Ken Etete makes Bayelsa governor's wishes come true

Century Group, owned by Nigerian business man Ken Etete, is about to start oil production on its Atala field (OML [...]

Subscriber Energy 11.07.2017

Nigeria
ENI moves steadily ahead on huge OPL 245

One of the rare hopes of Nigeria’s government to keep oil production over the 2 million bpd mark is pinned on the very special OPL 245.

Subscriber Energy 17.02.2015

Nigeria
Malabu, another headache for ENI

With prosecutors in Milan looking into ENI’s operations in Algeria, the group’s contacts with Nigeria’s former oil minister Dan Etete are being examined in a court case in London.

Subscriber Energy 19.03.2013

Spotlight | Nigeria
OPL245: What lay behind $1.3 billion deal

None of the parties involved in last year's acquisition by Shell and ENI of OPL 245 previously controlled by Malabu Oil & Gas headed by Dan Etete has said the least word in public about the deal.

Subscriber Energy 13.03.2012

Set up email notifications for these topics

Abubakar Malami
Atkinson Strategic
Communications
Dan Etete
Drumcliffe Partners
ENI
International Centre for the Settlement of Investment Disputes
James Little
Johnson & Johnson
Malabu Oil & Gas
Maryellen Noreika
Nicolas Bourtin
Poplar Falls
Sani Abacha
Shell
Sullivan & Cromwell
Umaru Gwandu
World Bank

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

DRC
Tshisekedi keeps close eye on Kabila ahead of presidential elections

Guinea
Inside the business of illegal fishing testing the Beijing-Conakry axis