Brazil Slaps Chevron with New Oil Spill Fine
Brazil (Dow Jones Newswires), Dec. 24, 2011
Brazil's Environment Institute on Friday ordered U.S. oil giant Chevron Corp. (CVX) to pay another fine related to the early November oil spill off the coast of Rio de Janeiro.
The agency, known as Ibama, ordered Chevron to pay $5.4 million for flaws in the company's emergency plan. Ibama earlier fined Chevron $28 million for environmental damages caused by the spill.
The agency said it discovered an "absence of equipment in the emergency vessels and a delay in the first response to the spill," the statement read.
Prosecutors previously announced legal action against Chevron, its Brazilian unit and Transocean, seeking $11 billion over the spill last month at a production well at the Frade field, 370 kilometers off Rio de Janeiro state. The well is located 1,200 meters below the ocean surface.
The state-run National Petroleum Agency estimated that some 3,000 barrels of crude were spilled.
Authorities suspended all of Chevron's drilling operations on Nov. 23 and denied it access to huge new offshore fields, which Brazil's national petroleum agency says have reserves that could surpass 100 billion barrels of high-quality recoverable oil.
Copyright (c) 2011 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension