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Brazil suspends Chevron's drilling permission http://apocadocs.com/s.pl?1322158525
Chevron was banned from drilling for oil in Brazil until an investigation into an offshore oil leak at one of the U.S.-based oil company's well sites is completed, regulators said Wednesday.
The board of Brazil's National Petroleum Agency met and "ordered the suspension of drilling activities" until it can identify the causes and who is responsible for the leak of more than 110,000 gallons of oil into the Atlantic ocean off the nation's southeastern coast.
"This resolution suspends all drilling activity for Chevron Brasil Ltda. in national territory," the statement read.
It was not clear how long the suspension would last.
Chevron said in an emailed statement that it would "follow all the rules and regulations of the Government of Brazil and its agencies."
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'Doc Michael says:
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Chevron, you've been a bad, bad oil boy.
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