Jan 8, 2015

Shell, villagers agree to $83.5 million for huge oil spilll

Oil giant Shell has agreed to pay a Nigerian fishing community £55 million (about $83.5 million) for the worst oil spill in Nigeria, an unprecedented settlement that experts say could open a floodgate of litigation there and abroad. Wednesday’s agreement ends a three-year legal ...

Aug 13, 2013

Mexico opens oil sector to investment

President Enrique Pena Nieto proposes historic changes to Mexico's state-run energy sector, cracking open the door for global oil giants such as Exxon Mobil and Shell to invest in Mexico's lethargic 75-year-old state oil monopoly.