The chief executive officers of Chevron Corp.’s and Transocean Ltd.’s Brazilian units are among 17 executives at the two companies banned from leaving the country pending an investigation into an offshore oil spill.
A second oil spill off the Brazilian coast in a field operated by Chevron Corp. last week has revived lawmakers’ efforts to open a congressional probe of the company, lower house Deputy Aluizio dos Santos said.
Chevron Corp., the U.S. oil producer operating the $3.6 billion Frade oilfield off the coast of Brazil, was blocked from drilling in the South American country while the government probes a recent spill.
Chevron Corp. needs to “come into line” with Brazil’s laws, and the country is studying if the San Ramon, California-based producer will be able to compete for new exploration licenses after causing an oil spill, the country’s oil minister said.
The Brazilian prosecutor who filed a lawsuit against Chevron Corp. and Transocean Ltd. said he’s seeking a “permanent” ban on the companies’ operations in the South American nation after an oil spill last month.