Brazil's National Petroleum Agency says it's unlikely to fine Chevron (CVX) more than 50M reais...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Brazil's National Petroleum Agency says it's unlikely to fine Chevron (CVX) more than 50M reais ($24.5M) for its role in a November oil spill off Brazil's coast; the agency is expected to release its report on the incident later this week. CVX and Transocean (RIG) face civil and criminal lawsuits for their roles in the incident at the CVX-operated Frade offshore oil field.