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With corruption investigations widening, oil companies with ties to Houston face reckoning

Big names in Houston’s energy world, like KBR, Shell and SBM Offshore, were suddenly having to explain how they came to win drilling rights and contracts worth billions of dollars in countries like Nigeria, Angola and Brazil. That money was then to be passed to Malabu Oil and Gas, a company controlled by the former Nigerian oil minister and convicted money launderer Dan Etete. For years, Shell said it was unaware of what happened to the money, but emails obtained by Global Witness indicated that the company knew the money was going to Malabu.

WASHINGTON – It started with Brazil’s national oil company, then the clients of a consulting firm in Monaco and two of Europe’s largest oil companies, and with each revelation came new investigations involving new companies. Big names in Houston’s energy world, like KBR, Shell and SBM Offshore, were suddenly having to explain how they came to win drilling rights and contracts worth billions of dollars in countries like Nigeria, Angola and Brazil. FULL ARTICLE

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