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

|About: Chevron Corporation (CVX)|By:, SA News Editor

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.