Milan court rejects Nigeria’s compensation request against Eni, Shell

 (Reuters) - An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni (ENI.MI) and Shell (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni... Continue Reading →

Massachusetts Denies Motion to Delay Offshore Wind Contracts

(Reuters) Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project. The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable... Continue Reading →

Ecuador’s attorney general detains seven in Petroecuador corruption probe

(Reuters) - Ecuador's attorney general has detained seven people, including former officials, as part of an investigation into suspected corruption in state oil company Petroecuador, it said on Tuesday. Prosecutors carried out raids across several cities at the same time, with targets including Petroecuador's offices in capital Quito, after receiving information from authorities in the... Continue Reading →

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