Petobras To Back Chevron, Transocean In Brazil Oil Figh
From Reuters
Brazil’s state-led oil company Petrobras (PETR4.SA) plans to back Chevron Corp (CVX.N) and Transocean Ltd (RIG.N) in their fight against an injunction that could bar them from operating in Brazil, Jose Formigli, Petrobras’ exploration and production chief, said Wednesday.
A federal court in Rio de Janeiro granted Brazilian prosecutors an injunction on August 1 banning Chevron, the No. 2 U.S. oil company and Transocean, the world’s largest drill rig company, from operating in Brazil while criminal and civil actions proceed against them over a November oil spill.
