OGJ Newsletter

04/16/2012
GENERAL INTEREST — Quick Takes Judge nixes injunction against Chevron, Transocean A federal judge in Rio de Janeiro denied a request for an injunction requesting that Chevron Corp. and drilling contractor Transocean Ltd. be barred from operating in Brazil following the discovery of an oil seep in offshore Frade field in November 2011. Chevron Brazil Upstream Frade Ltd. issued a statement on Apr. 11 saying it is confident that it acted diligently and appropriately, and in accordance with industry best practices as well as within the Plan of Development as approved by Brazilian regulators. "The source of the leak was contained in 4 days," Chevron said of a seep discovered last y...
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