Christian Science Monitor
Economist Intelligence Unit
La Prensa (Panama)
National (Abu Dhabi)
New York Times
Radio France Internationale
Times of London
Contact (PGP Key)
Second Chevron oil spill in Brazil halts production|
Mar. 16, 2012 — Manaus, Brazil
Published by GlobalPost
Chevron is already treading on eggshells after Brazilian authorities harshly clamped down on the US giant in the wake of a relatively small oil spill in November. Another leak at the same offshore field has now forced the company to halt production.
The company detected a "small new seep" of oil and has decided to stop production as a precautionary measure, allowing Chevron to "scientifically analyze" the causes, Jaen Williamson, Chevron's director of corporate affairs in Brazil, told Reuters.
The company said that it has found no evidence that the spills are related.
However, after a 2,400-barrel spill at the site around 200 miles off the coast of Rio de Janeiro in November 2011, Chevron faces a fine of $11 billion and potential prison sentences for executives.
Read more: Chevron says it will clean up Brazil spill
Many have suggested that the punishment is disproportionate, claiming that authorities are keen to send a message to other firms hoping to profit from the oil-rich region.
State oil company Petrobras is investing $225 billion over the next five years and the government would like to keep tabs on the foreign companies soaking it up.
This latest spill amounts to less than a barrel a day and the company has said that it is being captured. The oil could be coming from cracks in the ocean floor close to the well, rather than the well itself, the BBC reported citing Brazil's oil regulators.
Analysts are concerned that this zeal to clamp down on polluters may backfire and ultimately hamper Brazil’s hopes to push oil output to 7 million barrels per day by 2020 — a target which, if reached, would usurp the United States’ position as the world’s third largest oil producer after Russia and Saudi Arabia.
The spills took place in the Frade field, in the oil-rich Campos basin, currently the source of more than 80 percent of Brazil’s output.
Brazil's World Cup Raises Fear of Rampant Child Prostitution
Dec. 12, 2013
Maracana stadium is focus of football and protests in Brazil
Jul. 01, 2013
Brazil protests run gamut from health care to World Cup
Jun. 23, 2013
Brazilians angry over taxes, corruption take to streets
Jun. 18, 2013
Brazil's Protests: Social Inequality and World Cup Spending Fuel Mass Unrest
Jun. 18, 2013
Brazil's growth has a monkey on its back
May. 29, 2012
Second Chevron oil spill in Brazil halts production
Mar. 16, 2012
Mixed Carnival for Brazil's Largest Companies
Feb. 23, 2012
Brazil and Mexico Look to Rewrite Auto Trade Pact
Feb. 06, 2012
Yet another minister resigns from Brazil government
Feb. 03, 2012
Brazil Prosecutors Move Forward in Chevron Oil Spill Case
Jan. 30, 2012
British Visit to Brazil Overshadowed by Falklands Dispute
Jan. 20, 2012
Brazil Pesticide Use Sends Orange Juice Prices to Record Highs as FDA Threatens Ban
Jan. 13, 2012
Brazil Overtakes UK, Looks Forward to 2012
Jan. 05, 2012
Chevron, Transocean Face $10 Billion Fine in Brazil Oil Suit
Dec. 16, 2011