27 June 2008

Chevron declares Force Majeure

Following recent attacks and a strike by Chevron's Nigeria staff, the oil giant declared force majeure on oil deliveries. Chevron is the second major oil company forced to break its contractual obligations due to targeted attacks by militants. The situation with employees on strike is also something to keep an eye, because it amplifies the actions of youth in the creeks.

REFERENCE ARTICLES:
http://uk.reuters.com/article/oilRpt/idUKL257697020080625
http://money.cnn.com/news/newsfeeds/articles/djf500/200806231224DOWJONESDJONLINE000352_FORTUNE5.htm

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