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Exclusive-Mexico's Pemex, 'Punished' By Markets, Weighs How To Pay Heavy Debt

Mexico s heavily-indebted state oil company Pemex will seek to avoid pricy capital markets even as it faces billions in maturing debts this year and next, its chief executive told Reuters, saying ....

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Nigerian farming communities win landmark court ruling against Shell


Oil spill damage in the Niger Delta region, April 6, 2010 (Flickr/Sosialistisk Ungdom)
Simon Ayafa has witnessed oil pollution in the Niger Delta region since he was 15. Now, at 35, he feels the region has been made uninhabitable by decades of oil spills.
You to go the stream to fetch water and you get oil, said Ayafa, who is a parishioner at St. Paul s Catholic Church in Bodo, a fishing village that has suffered from massive oil spills. You go to the farm and the crops are damaged and cannot produce because of pollution. That is our fate here.
A series of pipeline spills between 2008 and 2009 left the entire area flowing in oil. With support from Amnesty International, the community took legal action against Royal Dutch Shell. The case was settled out of court in 2015 for the equivalent of about $36.6 million, with part going to the community and the rest divided among the community s residents. ....

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