Nigeria Clamps Down on Exxon Mobil
On the heals of the most disastrous oil spill in history off the shores of the American Gulf Coast, Nigerian Officials met with Executives from American Oil Giant, Exxon Mobil on Tuesday and put them on notice.
The officials are unhappy with the company’s attempt to clean up a recent spill of about 300 barrels of [...]
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Ghana-The Latest Front in the Scramble for Africa’s Oil
China is accelerating its efforts to secure access to more of Africa’s oil by teaming its China National Offshore Oil Corp. (NYSE ADR: CEO) with the Ghana National Petroleum Corp. (GNPC) in an effort to bid for a stake in Ghana’s deep sea oil discovery off the West African coast.
The announcement was a surprise on [...]
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