Wednesday, October 7, 2009

Exxon Mobil Buys 1/4 of African Oil Field

An oil field off the coast of West Africa is being looked to as a major new source of oil - and now Exxon Mobil has agreed to pay $4 billion for about a quarter of it, called the Jubilee oil field.

The acquisition, purchased from Kosmos Energy of Dallas, illustrates the interest energy companies have shown in the...

Visit Clean Skies for the full story.

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