Brazil suspends Chevron's oil exploration in wake of spill off Rio coast

[The Straight Story]

Brazil suspends Chevron's oil exploration in wake of spill off Rio coast

Brazil on Wednesday suspended Chevron's oil exploration rights in the country until it can explain the cause of a recent oil spill in deep water off the coast of Rio de Janeiro, and its response to the accident.

The decision by Brazil's National Agency of Petroleum, Natural Gas and Bio-Fuels comes two days after Chevron was fined $28 million for the oil spill.

In a news release, the agency also said it had rejected Chevron's request to drill another well in the offshore Frade field into what is known as the subsalt region, saying that it could involve the same risks that were encountered in the well that sprung a leak on November 7.

Chevron said in a statement Wednesday evening, "we do not have confirmation that we have been notified. Chevron will adhere to all the rules and regulations of the Government of Brazil and its agencies."

http://edition.cnn.com/2011/11/23/world/americas/brazil-chevron/index.html?eref=edition

[greytdemocrat]

1. Good for Brazil!!! n/t

[ellisonz]

2. $28 million isn't spit.

[mmonk]

3. Blasphemy!