Brazil's oil agency fines Chevron (CVX) 35M reais ($17.3M), with possible additional fines...

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

Brazil's oil agency fines Chevron (CVX) 35M reais ($17.3M), with possible additional fines pending, for its role in last November's Frade field offshore oil spill; CVX also reportedly is creating teams in Brazil to oversee risk and containment. Last week, an earlier ruling from Brazil's second-highest court banning operations by CVX and Transocean (RIG) was upheld.