Chevron (CVX) and Transocean (RIG) reportedly agree to change offshore safety and operating...

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

Chevron (CVX) and Transocean (RIG) reportedly agree to change offshore safety and operating procedures as part of a Brazilian lawsuit seeking nearly $20B in damages for last year's Frade oil spill. The agreement was drafted at the companies' request with federal prosecutors handling the environmental lawsuits against CVX and RIG, the largest-ever in Brazil.