ExxonMobil delights in Anadarko's frustration
The independent American firm is racking up disappointments with the government while ExxonMobil continues to look into acquiring the firm's assets. [...]
Gas was not explored to its full potential in Africa until recently. Now, especially in its liquefied form, it has enabled several African countries stake a claim for themselves on the global energy market. Gas production requires hefty infrastructure, forcing states to undertake extensive work, part of which is sub-contracted to local industry. This gives politically-connected companies an opportunity to cut themselves a sizeable chunk of these mega-contracts.