Oil

Los Angeles Lawyer Convicted of $2.1 Million Bribery Scheme Tied to Nigerian Oil Rights

by

Los Angeles, California – A lawyer from the Los Angeles area has been convicted of accepting a $2.1 million bribe while acting as an officer in Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC). The jury found Paulinus Iheanacho Okoronkwo, also known as “Pollie,” guilty on multiple charges, which include transactional money laundering, tax evasion, and obstruction of justice. Okoronkwo, 58, of Valencia, specialized in immigration, family, and personal injury law at an office in Koreatown. Serving as general manager of the upstream division of the NNPC, he was responsible for overseeing the … Read more

California Lawyer Convicted for $2.1 Million Bribery Scheme Tied to Nigerian Oil Rights Negotiations

by

A California jury has convicted an immigration and personal injury attorney for accepting a $2.1 million bribe. The case centered on the lawyer’s dealings with a Nigerian public official, in which he was accused of negotiating drilling rights under corrupt circumstances. The jury’s decision marks a significant step in a broader investigation into bribery and corruption. Prosecutors argued that the bribe was offered in exchange for favorable outcomes related to oil drilling, a lucrative endeavor in Nigeria’s energy sector. The attorney’s actions have raised concerns about the integrity of international business practices and the legality … Read more

Charleston’s Legal Battle Over Climate Change: Court Dismisses Lawsuit Against Oil Companies

by

Charleston, West Virginia—A federal judge has dismissed a lawsuit filed by the city against several major oil companies, a case that aimed to hold these corporations accountable for their alleged role in climate change. The decision signals a significant setback for local governments seeking to address environmental damage through legal action against fossil fuel producers. The lawsuit, initiated by Charleston officials in 2020, accused oil giants of contributing to climate-related disruptions and increasing expenses faced by the city. This included rising infrastructure costs driven by changing weather patterns and severe flooding that has become more … Read more

OPEC+ Set to Increase Oil Production by Over Half a Million Barrels Daily, Aiming to Ease Rising Fuel Prices

by

A group of oil-producing nations within the OPEC+ coalition has announced plans to increase oil production, a decision that could potentially lead to lower prices for oil and gasoline. This development comes amid a positive outlook for the global economy and declining oil inventories. During a virtual meeting on Sunday, OPEC+ confirmed that eight of its member nations would ramp up output by 547,000 barrels per day in September. The countries involved in this increase include heavyweights such as Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman. These nations have … Read more