Related Articles
Forward article link
Share PDF with colleagues

Transocean gets Frade reprieve as court lifts injunction

If not lifted, the injunction would have forced the company to shut its operations

Brazil’s Superior Court has lifted an injunction that would have forced offshore drilling services company Transocean to shut down its operations in the country. Had the injunction not been lifted, much of the country’s offshore oil production may have had to be shut in. On 27 September, both Transocean and US supermajor Chevron, which operates the Frade oilfield, were served with an injunction ordering the halt of their Brazilian operations. The injunction was issued as part of a civil case arising from last November’s oil spill at the Frade field. The injunction was sought by federal prosecutors. While the court lifted the ban on Transocean, it mostly upheld the injunction for Chevron, s

Also in this section
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors
China loans make Venezuela’s outlook more precarious
12 July 2018
Patience is wearing thin among both China and other trading partners