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Posts in Brazil

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  Chevron Faces Possible Brazil Drilling Ban

  Andy Rowell

  Nov22

  Eighteen months after the Deepwater Horizon disaster, we have another country threatening to ban an oil company after a deep water spill. Yesterday it was Brazil’s turn to say it might ban Chevron from drilling in its deep water oilfields as punishment for the 3,000 barrel oil spill from the company’s Frade project. Chevron has…
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  Oil Spill off Rio Sets Chevron at the Center of Scandal

  Traci Romine

  Nov17

  Chevron is at the center of a scandal over the oil spill in the offshore Campos Basin Frade field about 230 miles from the coast of northeast Rio de Janeiro. Originally the company said that the spill was natural seepage from the field. Well, no, it appears it was not. The scandal began to unravel on…
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  World Bank Executives: Stop Defending Dirty Energy for the Poor

  Traci Romine

  Apr19

  The World Bank Group, perhaps the best-known publicly-funded international development institution, is pitched in an important battle over the future of its energy lending. Unfortunately, if some Bank executives have their way, the new Energy Strategy will become a blueprint for straddling the world’s poorest nations and people with dangerous and polluting energy. That’s because…
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• “Brazil is the future for the oil industry”..

  Andy Rowell

  Sep24

  Are investors put off by the risks of ultra deepwater drilling after the Deepwater Horizon disaster? If the frenzy down in Brazil is anything to go by – the answer is a staggering no. Brazil’s national oil company, Petrobras, has just raised a whopping $70bn in the biggest share issue in corporate history. And the…
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