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Chevron (CVX +0.7%) is served with an injunction and ordered to suspend oil production and...

Chevron (CVX +0.7%) is served with an injunction and ordered to suspend oil production and transportation activities in Brazil within 30 days; rig operator Transocean (RIG -1.4%) received a similar notice earlier today. Both companies face civil and criminal lawsuits related to a November drilling accident at the CVX-operated Frade offshore field.
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Comments (3)
  • Herr Hansa
    , contributor
    Comments (3085) | Send Message
     
    Brazilian judges risk killing the oil industry in Brazil. I cannot imagine that the government will sit still with this. Quite likely Brazilian stocks will sell-off soon.
    27 Sep 2012, 04:16 PM Reply Like
  • kms1
    , contributor
    Comments (2) | Send Message
     
    There crazy they need oil revenue and chevron is a reputable operator they have amitted problem and taken care of spill brazil is crazy
    27 Sep 2012, 08:56 PM Reply Like
  • JAMESWRIGHT63
    , contributor
    Comments (2) | Send Message
     
    I agree. This was a relatively small spill from what I understand. Further corporate investment from anyone could likely be deterred.
    27 Sep 2012, 09:04 PM Reply Like
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