Petroleo Brasileiro S.A. Petrobras invested about US1.013 billion in environmental projects in 2009, compared with about US$1.075 billion in 2008 and US$1.015 billion in 2007.
These investments were primarily directed at reducing emissions and wastes resulting from industrial processes, managing water…
Petroleo Brasileiro S.A. Petrobras is party to litigation regarding the Presidente Getulio Vargas refinery oil spill.
On July 16, 2000, an oil spill occurred at the Presidente Get lio Vargas refinery releasing crude oil in the surrounding area. The Federal and…
Petroleo Brasileiro S.A. Petrobras challenged a decision regarding its Termo de Ajustamento de Conduta (Agreement for Regularization of Conduct), or TAC, and is awaiting judgment.
On Oct. 13, 2002, a power blackout in FPSO P-34, which is located in the Barracuda-Caratinga…
Petroleo Brasileiro S.A. Petrobras is subject to several legal proceedings that remain pending as a result of a Jan. 18, 2000 oil spill in Guanabara Bay.
A pipeline connecting one of the Company’s terminals to a refinery in Guanabara Bay ruptured,…
Repsol YPF, Inc.’s subsidiary in the United States, YPF Holdings, Inc., as of Dec. 31, 2009, reserved about US$97 million for environmental and other contingencies, including litigation.
In connection with the sale of Maxus Energy Corporation’s former chemical subsidiary, Diamond Shamrock…
Petroleo Brasileiro S.A. Petrobras continues to be involved in environmental litigation filed by the Public Ministry of the State of Sao Paulo and the Uniao dos Defensores da Terra (Union for Defense of the Earth).
On Jan. 15, 1986, the Public…
Repsol YPF, S.A.’s investments in environmental matters were EUR282 million in 2009, EUR203 million in 2008 and EUR169 million in 2007 on environmental programs.
Each of the Company’s operating units conduct significant programs to ensure that their operations are carried out…
Petroleo Brasileiro S.A. Petrobras continues to be subject to claims and lawsuits stemming from a February 2001 oil spill into the rivers in the State of Parana, Brazil.
On Feb. 16, 2001, the Company’s Araucaria-Paranagua pipeline ruptured as a result of…
Petroleo Brasileiro S.A. Petrobras continues to be subject to action regarding a March 2001 gas explosion and oil spill in the Roncador field.
On March 15, 2001, a gas explosion inside one of the columns of the P-36 production platform, located…
Petroleo Brasileiro S.A. Petrobras made expenditures of about US$300 million for PEGASO (Programa de Excelencia em Gestao Ambiental e Seguranca Operacional) during the year ended Dec. 31, 2009, compared with US$355 million during the year ended Dec. 31, 2008.
During 2000,…