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Chevron (NYSE:CVX) And Transocean (NYSE:RIG) To Face Operations-Halt In Brazil Until Investigation Of Two Oil Leakage Incidents Is Completed
A Brazilian court has ruled against Chevron Corporation (NYSE:CVX), the second-biggest of the U.S.-based major oil companies, and Transocean LTD (NYSE:RIG) to stop their operations in the country in 30 days while investigations of two oil spills are conducted. The court provided an e-mailed statement in which each company is held liable to pay 500…
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Indonesian Oil And Gas Industry May Miss Targets, NAPE Expo Conference Next Month – (NBR, SD, PBR)
The Indonesian government predicts state revenue from the oil and gas industry will miss its target for the first time in three years, citing worse-than-forecasted global oil price and output shortfalls. Oil and gas revenue of $33.48 billion is predicted in the 2012 revised budget. That assumes that the nation’s oil output can reach an…