Reports are filtering in (I, II) that both Transocean (RIG -4.9%) and Chevron (CVX -3.3%) have...

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

Reports are filtering in (I, II) that both Transocean (RIG -4.9%) and Chevron (CVX -3.3%) have been asked to suspend operations in Brazil by prosecutors. The move could be a major blow for each, with tapping the lush oil fields located off Brazil's shore part of both firm's strategic plans.