- A Nigerian court orders Royal Dutch Shell (RDS.A -0.4%) and Eni (E -1.1%) to temporarily cede control of a jointly owned oil license to the government during an investigation into how the companies purchased the asset.
- Shell and Eni purchased Oil Prospecting License 245 for $1.1B in 2011 from a company controlled by a former Nigerian oil minister, and lawmakers have said the sale should be revoked because the sale process was flawed.
- OPL 245 is located in the deep offshore waters of the Gulf of Guinea, and is estimated to hold at least 9B barrels of crude reserves.