Posts
This is most recent and reliable summary of Chevron's recent oil spill in its $3bn Frade Field...off Rio's coast.
Brasil is re-learning that its much desired and extensive oil exploration has consequences... with even bigger challenges ahead in the very deep waters of its expansive subsalt field.
New info: at 3,800 ft...the Frade Field is not even at the much hyped subsalt depths.
Chevron has been fined $80mn so far...with the spill area treated like a crime scene.
FOR PREVIOUS Post/link with details:
http://thehypervigilantobserver.blogspot.com/2011/11/brasil-hedge-funds-gobble-up-petrobras.html
NEW!: Analysis From Reuters: The deeper you go...the more difficult it gets. A wake-up call for Rio?
http://www.reuters.com/article/2011/11/27/us-brazil-oil-chevron-idUSTRE7AQ0LH20111127
