Brazil: Chevron Needs to Indemnify Transocean for Frade Spill Claims?

On or about November 7, 2011, an oil leak occurred  in the vicinity of a development well being drilled by Chevron off the coast of Rio de Janeiro in the Frade field with a semisubmersible drilling rig, the SEDCO 706, owned by a subsidiary of Transocean. The incident involved the release of hydrocarbons from fissures [...]