Wednesday, March 29, 2017

Another risk to Eni's business!

Besides the risk of losing the operation OPL245, with estimated reserves of 9 billion barrels, the Nigerian government wants to demand from the Italian oil giant Eni an indemnity of 2 billion dollars. 

All of this could be devastating both to the company's cashier and Shareholders... Time will tell!

Note: Read more in this LINK

Saturday, March 25, 2017

Who lives will see!

Tomorrow, a report on Italian television (Rai TV) will bring new bombastic revelations about OPL245, involving the billionaire bribe payment by the Italian oil giant Eni

Who lives will see!

Tuesday, March 21, 2017

Journalists Kidnapped vs Freedom of Expression

The congolese security service arrested two Italian journalists who were investigating the billionaire bribe payment by the oil giant Eni (OPL 245 case). 

When realeasing them, four days later, they took from them their cell phones and computers and, mainly, the interview with an Italian businessman - married to the daughter of the President of the Republic of Congo - who, according to a former executive of Eni (Mr. Vincenzo Armanna) - would have borrowed an airplane to take 50 millions of dollars to Switzerland, money that belonged to Eni's former number one, Mr. Paolo Scaroni who was denounced for the crime of "international corruption" by the Public Ministry of Italy along with the current CEO of the company, Mr. Claudio Descalzi.

Who would be interested in restricting the freedom of expression of these two professionals?

Sunday, March 19, 2017

Gives to the Stakeholders a "pernacchia"

The Italian government, as the largest shareholder of the oil giant Eni, has just approved the indication of the current CEO for three more years in charge of the main company in Italy. 

This decision, besides not caring about the situation of this executive before Justice for the accusation of "international corruption", legalizes the payment of bribes by their agents and gives to the Stakeholders a "pernacchia", saying to the market that it is preferred the results achieved to the company rather than conducting the business with Ethics and Integrity. Time will tell if the choice of this CEO was right!

It is no wonder that in my country Italy is known as the Brazil of Europe.

Note: Read more about the indication at Formiche.

Thursday, March 16, 2017

Another bad news in Nigeria!

Another bad news involving the Italian giant oil Eni. Now, unpaid wages in Nigeria.

This is Eni's Way... Eni is an Unethical Company!

Note: Read full article

Tuesday, March 14, 2017

Eni needs to do the right thing...

The Italian giant oil Eni needs to do the right thing to find again the way of business ethics and integrity of conduct of its employees.

Thursday, March 09, 2017

Eni vs Claudio Descalzi: Make your bets!

For you, what is more valuable? A CEO who achieves "good results" for the company or who has an unassailable character because they are a professional with "ethical integrity of conduct"?

What is the future of the CEO of the Italian oil giant Eni? Make your bets!

Note: Read the article (Economist)

Monday, March 06, 2017

Eni continues to deny your crime...

The Italian Criminal Attorney's Office, after following the money trail for more than two years, discovered that the millionaire bribe paid by the Italian oil giant Eni (and Shell), to a convicted criminal for the acquisition of OPL 245 (Nigeria), was carried out through two bank deposits of U$ 400 million at J.P. Morgan in London.

Even with overwhelming evidence, Eni continues to deny the crime of "international corruption" and the Board of the company, pretends that nothing happens, supporting the attitudes of the CEO and his executives.

Time will tell...

Note: Read more at The Guardian

Friday, March 03, 2017

OPL 245: New Evidence!

Nigeria has filed new evidence against the Italian oil giant Eni in the case involving a billionaire bribe payment to acquire OPL 245

Now, it will become even more difficult for the company to continue to deny the illicit and illegal acts of the current CEO (Mr. Claudio Descalzi) and his predecessor (Mr. Paolo Scaroni).

What does the Board have to say? 

What will the attitude of the Italian government, who is Eni's biggest shareholder, be? 

Note: Read more at Reuters.  

Wednesday, March 01, 2017

Eni's Investors & Shareholders

Investors and Shareholders don't care whether the company is unethical and unescrupulous... They only worry about dividends and profit... See the example of the Italian oil giant Eni!

Will this regrettable reality change one day?

Note: Read the article of the journalist Mr. Andrea Greco (La Repubblica Journal).