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Environment & Energy Report

Shell Says U.S. Justice Department Closed Nigerian OPL 245 Probe

Oct. 2, 2019, 2:28 PM

Royal Dutch Shell Plc has received notice from the U.S. Department of Justice that it closed its investigation into a 2011 oil deal in Nigeria that Italian officials say was corrupt.

The U.S. was investigating Shell and Eni SpA over the $1.1 billion acquisition of an offshore oil block, called OPL 245, after allegations surfaced that the payment both companies made to secure the deal was partially converted into bribes. The deal is currently at the center of a criminal trial in Milan, where both companies and some of their former and current executives are accused of participating in a...

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