[uam_ad id="317182"]

By Sarah de Sainte Croix, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The Brazilian branch of U.S. oil company, Chevron, announced yesterday that they had identified a new leak in their Frade oil field in the Campos Basin. The leak was discovered during routine monitoring and, according to statements the company released to the press, all production in Brazil will be temporarily stopped.

The new Director of Corporate Affairs for Chevron Brazil, Rafael Jaen, told the press yesterday the temporary decision to suspend all its oil production is unprecedented in the country.

Jaen added that the goal is to . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?