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Chevron claims tribunal support in Ecuador fight

WASHINGTON — Chevron on Tuesday claimed the backing of an international tribunal in its fight to prevent Ecuador from enforcing a pollution fine against it that could top $18 billion. The panel at the Permanent Court of Arbitration in The Hague ruled that it has the jurisdiction to hear the…

Thousands protest Bulgaria ‘fracking’ plans

Several thousand Bulgarians demonstrated across the country on Saturday against plans for shale gas exploration by US companyChevron that they say could harm the environment. About 1,000 youngsters marched along the streets of the capital Sofia, beating drums and blowing whistles as “a wake-up call to all Bulgarians,” an AFP correspondent at the…

Ecuador court upholds $9.5 billion ruling against Chevron for environmental damage

QUITO — A court in Ecuador upheld a 2011 ruling requiring US oil giant Chevron to pay $9.5 billion for environmental damage in the Amazon rainforest. The landmark ruling for environment management costs was in the suit that dates back to 1993 against Texaco, a firm later acquired by Chevron.…

Brazil fines Chevron for oil spill

Brazil’s Environment Institute on Friday ordered US oil giant Chevron to pay another fine related to the early November oil spill off the coast of Rio de Janeiro. The agency, known as Ibama, ordered Chevron to pay $5.4 million for failures in the company’s emergency plan. Ibama earlier fined Chevron…

Brazil probes Petrobras role in Chevron spill: report

(Reuters) – RIO DE JANEIRO, Dec 3 (Reuters) – Brazilian prosecutors are probing the possible involvement of state-led oil company Petrobras in a November offshore oil spill in a field operated by Chevron, the No. 2 U.S. oil company, the Estado de S. Paulo newspaper reported on its Web site.…

Brazil orders Chevron to shut down production well

RIO DE JANEIRO — Brazilian authorities ordered US oil giant Chevron on Thursday to shut down a production well at an offshore facility where a leak was discovered last month. The country’s oil regulator said it issued the order after finding dangerous hydrogen sulfide gas in a production well at…

Brazil to fine Chevron at least $28 million over oil spill

RIO DE JANEIRO — Brazil slapped a $28 million fine on US energy giant Chevron Monday for an oil spill from a leaking well off Rio de Janeiro state and warned the fines could total much more. In the first of an expected slew of fines, Rio state’s environment secretary…

Chevron profits jump 36% as oil prices surge

NEW YORK (Reuters) – Chevron Corp (NYSE:CVX – News), the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy. Oil companies have seen their earnings boosted by the jump in global oil prices above…

Judge dismisses firm’s lawsuit against Chevron

SAN FRANCISCO (Reuters) – Chevron Corp will not have to face accusations from a prominent U.S. law firm that the oil major mounted a “smear campaign” related to long-running environmental battles in Ecuador, a U.S. judge has ruled. Patton Boggs, a Washington D.C.-based firm representing Ecuadorean plaintiffs suing Chevron, had…

Exclusive: Amazon coalition slams US judge’s decision to halt $9.5 billion judgment against Chevron

‘We are going to appeal,’ Amazon Defense Coalition tells Raw A judge in New York City ruled earlier this week that an Ecuador court’s decision to hold the Chevron oil company liable for $9.5 billion in damages should be placed on hold. The ruling freezes the landmark judgment until allegations…

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