Chevron Pays Spill Fine, Faces Brazil Ops Ban With Transocean

Law360, Chicago (September 27, 2012, 8:06 PM EDT) -- A Brazilian regulator said Thursday that Chevron Corp. has paid off a multimillion dollar fine tied to a November oil spill, the same day Chevron and Transocean Inc. revealed they had received court notice of an injunction requiring them to cease certain operations in Brazil within 30 days.

Chevron and Transocean both said they received notice of the challenged preliminary injunction this week. Brazil's Superior Court of Justice, the country's highest appeals court, denied a request on Sept. 12 by Brazil's National Agency of Petroleum, Natural...
To view the full article, register now.