Petrobras Now Being Drawn Into The $11 Billion Chevron Case

Following the deepwater horizon spill at BP’s Macondo well in the Gulf of Mexico back in 2010, Brazilian authorities have increased their scrutiny of wells of their own shores. Gianna Bern, the president of Brookshire Adivsory, a Chicago based risk management firm, said that, “the Brazilian government is going to come down with some significant penalties even for minor accidents, there are indeed some very draconian measures that are being implemented.” Back in November 2011, roughly 3000 barrels of crude spilled into the ocean…

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