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Transocean (RIG +0.1%) says a Brazilian court upheld a ruling that would prevent it and Chevron...

Transocean (RIG +0.1%) says a Brazilian court upheld a ruling that would prevent it and Chevron (CVX) from operating in the country. CEO Steven Newman, who had expressed confidence the ban would be overturned, calls it "kind of a worst-case scenario," and RIG's rigs likely would stop generating revenue while it fights the court decision.
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