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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (85557)	1/18/2012 5:29:44 AM
From: elmatador	Respond to of 218627

deranged Brazilians were right. Chevron: Nigeria Rig Continues To Burn; 2 Contractors Missing Yes, come back Elroy tell us how Chevron can have a fuck up once a month :-) A rig drilling for Chevron Corp.'s (CVX) Nigerian subsidiary continued to burn Tuesday, while a search for two missing contractors continued. Initial indications suggest a surface equipment failure on the rig might have caused workers to lose control of the well, Chevron said, though its full investigation continues. The K.S. Endeavor rig, which was drilling an exploratory well for natural gas, is run by FODE Drilling Nigeria Ltd. The latest accident comes after a separate well leak off the coast of Rio de Janeiro prompted the Brazilian government to call for steep fines for the U.S. oil company. Chevron has defended its response to that spill, noting the amount of crude released into the ocean was relatively small. On Tuesday, the Chevron said a sheen of about 13 barrels was seen around the Endeavor site, which is about six miles offshore in about 40 feet of water. Part of the rig had collapsed and continued to burn through late Tuesday, the company said. Chevron has meanwhile contracted a Transocean Ltd. (RIG, RIGN.VX) rig to start drilling a relief well and has stopped production at its nearby North Apoi platform, which produces about 2,000 barrels a day, as a precaution. Chevron's Nigerian unit owns 40% of the well, while the Nigerian National Petroleum Corp. has a 60% interest. The company reported 152 workers had safely evacuated from the area, while two workers remained hospitalized due to minor burns. Shares were recently off 22 cents at $106.50 after hours. The stock is up 15% over the past year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

To: Snowshoe who wrote (85557)	1/18/2012 7:52:33 AM
From: elmatador	Respond to of 218627

the judiciary systems of many oil-producing countries in which Chevron operates—such as Nigeria and Angola—may be reluctant to rule against a company that is an important source of government revenues, said Wayne R. Wilson, an international arbitration consultant with Houston-based UHY Advisors. But, "it wouldn't surprise me they'd be able to seize some assets" in remote places, Mr. Wilson said. He added that Chevron's environmental dispute in Brazil increased the risk that a court would seek to enforce the Ecuadorean ruling there—but that risk wasn't any higher than the one it already faces with its pending oil-spill case. online.wsj.com And them Chevron met the rule of the law. Now the other guys will use Brazil's balls toi raise their case

To: Snowshoe who wrote (85557)	1/20/2012 1:17:57 PM
From: elmatador	Read Replies (2) \| Respond to of 218627

Obama to Brazil: Send Us Your Affluent, Money-Spending Masses If I were a restaurant owner, I might cut back a bit on Coca-Cola and stock some Guaraná. That’s the favorite soft drink in Brazil, whose tourists, propelled by the emerging giant’s roaring economy, have been spending money like, well, Americans all over the world in recent years, but especially in the U.S. Brazilians are estimated to drop almost $45 million a day while abroad; and in 2010, 1.2 million of them (the fifth largest number from any country) visited the U.S. and pumped $6 billion into the economy. And they buy more than Mickey Mouse ears: Brazilians are currently purchasing almost a tenth of the houses and apartments being sold in the Miami area. Read more: globalspin.blogs.time.com