by Staff Writers
Rio De Janeiro (AFP) Dec 14, 2011
Prosecutors in Brazil on Wednesday called for a shutdown of Chevron's activities nationwide and said the US oil giant should be fined $11 billion for damage caused by an oil spill last month.
Prosecutors took legal action against Chevron, its Brazilian unit and the contractor Transocean, seeking $11 billion over the spill at a production well at the Frade field, 370 kilometers (230 miles) off Rio de Janeiro state.
In a statement, they pressed for urgent action by federal judges to "suspend all the activities of Chevron" which would have to pay $277 million daily if it failed to comply.
In a statement, Chevron said it had not received "any formal notice" of the court action.
"From the outset, Chevron responded responsibly to the incident at its Frade Field and has dealt transparently with all Brazilian authorities," the company said.
"The flow of oil from the source was stopped within four days and the company continues to make significant progress in containing any residual oil," it said.
"Chevron has also continued to address the surface sheen, which is now less than a single barrel. There have been no coastal or wildlife impacts."
Authorities has already suspended Chevron's drilling operations and denied it access to huge new offshore oil fields, which Brazil's national petroleum agency says have reserves that could surpass 100 billion barrels of high-quality recoverable oil.
Chevron faces a slew of fines from federal and Rio state authorities over the spill that together could exceed $145 million.
The US firm accounts for 3.6 percent of the oil produced in Brazil, or 80,425 barrels a day, and one percent of the natural gas, according to official figures.
Powering The World in the 21st Century at Energy-Daily.com
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
OPEC picks Iraq to be its president in 2012
Vienna (AFP) Dec 14, 2011
OPEC said on Wednesday that its member countries had chosen Iraq to be its president in 2012, taking over from Iran at the head of the cartel. "The conference elected Abdelkarim al-Luaybi, minister of oil of Iraq and head of its delegation, as president of the conference for one year, with effect from 1 January 2012," OPEC said in a communique after its latest output meeting. Iraq, which ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|