Latest Petroecuador Stories

Saw Scenes That Looked Like "War" During Trip to Remote Region of Amazon in Early 1990s NEW YORK, May 7, 2012 /PRNewswire-USNewswire/ -- In 1990, noted environmental lawyer Robert F. Kennedy Jr. was one of the first outsiders to travel to a remote area of Ecuador's Amazon to assess what at the time was considered one of the worst oil disasters on the planet -- one created deliberately by Chevron that is now the subject of an $18 billion judgment against the oil giant. Writing a...

Ecuadorian Communities Promise Referral to Authorities WASHINGTON, Dec. 16, 2011 /PRNewswire-USNewswire/ -- Karen Hinton, U.S. spokesperson for the Ecuadorian representatives of the rainforest communities, released the following statement in response to Chevron General Counsel Hewitt Pate's statement today, regarding a limited environmental clean-up plan proposed by Petroecuador, Ecuador's state-owned oil company, in areas where a court found Chevron caused massive environmental...

"Amazon Chernobyl" Disaster in Ecuador, Brazil Spill Lead to Embarrassing Award for CEO John Watson NEW YORK, Nov. 24, 2011 /PRNewswire-USNewswire/ -- The American oil giant Chevron has been named the "most toxic" energy company of 2011 by AlterNet, a prestigious U.S.-based online magazine that closely tracks environmental issues. See here and here. Chevron won the sad award the same week it was caught misleading Brazilian authorities who threatened company officials with prison...

Injunction Shows "Judicial Arrogance" and Violates the Constitution, Says Bert Neuborne of New York University NEW YORK, June 29, 2011 /PRNewswire-USNewswire/ -- Nine prominent U.S. law professors, including a former member of Congress, have joined a group of international law scholars from South Africa and Australia in asking a U.S. appeals court to overturn the decision of a federal judge who claims he has worldwide authority to block a group of Ecuadorian citizens from enforcing their...

Narrator Repeated False Statements in Cynical Bid to Blunt SEC Probe & Investor Outrage NEW YORK, June 1, 2011 /PRNewswire-USNewswire/ -- A corporate video shown by Chevron CEO John Watson at last week's annual meeting was an attempt to mislead shareholders about the company's $18 billion Ecuador liability in the wake of a potential SEC probe, representatives of Ecuadorian indigenous and farmer communities said Tuesday. "Any objective analysis can easily show that the video used by...

Oil Giant Attempted to "Buy or Bully" Its Way Out of Environmental Liability for Creating "Amazon Chernobyl" NEW YORK, March 8, 2011 /PRNewswire-USNewswire/ -- A new 42-page sworn affidavit, backed by hundreds of pages of exhibits, has outlined in stunning detail Chevron's 18-year effort to undermine the Ecuador court that recently awarded a $9.5 billion judgment against the company for dumping billions of gallons of toxic waste into the rainforest of the South American nation and creating...

Oil Giant's Liability for Amazon Disaster On Full Display In Public Document LAGO AGRIO, Ecuador, Jan. 24, 2011 /PRNewswire-USNewswire/ -- Lawyers for the Amazonian communities suing Chevron have submitted the first part of their final written argument to the Ecuador court, outlining the evidence demonstrating Chevron's liability in the $113 billion environmental damages lawsuit and the fraud behind the company's primary defense of remediation. The court filing -- called an "alegato" in...

Santiago Pastor appointed Vice President, Operations for Ivanhoe Energy Ecuador QUITO, ECUADOR, July 7 /PRNewswire-FirstCall/ - David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN), and David Martin, President and Chief Executive Officer of Ivanhoe Energy Latin America, announced today that the company's second well, IP-5b, located in the Pungarayacu field on Block 20 in Ecuador has successfully reached total depth and logging activities have...

QUITO, Ecuador, April 27 /PRNewswire-FirstCall/ - Robert Friedland, Co-Chairman and Chief Executive Officer of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN), and David Martin, President and Chief Executive Officer of Ivanhoe Energy Latin America, announced today that 11 days of steaming operations have been completed at the IP-15 well, the company's initial well in the Pungarayacu field in Ecuador. The well now is steam soaking and production testing of the Hollin formation, utilizing a jet...

QUITO, Ecuador, Dec. 10 /PRNewswire-FirstCall/ - Robert Friedland, Executive Co-Chairman, President and CEO of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), and David Martin, Chairman, President and CEO of Ivanhoe Energy Latin America Inc., announced today that Ivanhoe Energy Ecuador Inc. intends to initiate drilling operations in the coming days on its first appraisal well in the Pungarayacu field in Ecuador. This follows completion of final infrastructure preparations, including...