Chevron, Transocean Brazil ban bid fails

News Wires -Upstream Online,04/12/2012

Back to the drawing board: Brazilian federal prosecutor Eduardo Santos de Oliveira's latest bid to ban Chevron and Transocean from Brazil has failed.
REUTERS/SCANPIX

A Brazilian judge denied an injunction seeking to bar US oil company Chevron and drill-rig operator Transocean from operating in Brazil after two offshore oil leaks, a federal court in Rio de Janeiro said on Wednesday.

The judge, Guilherme Diefenthaeler of the appellate division of the Second Region Federal Court, ruled that granting the injunction would interfere with the legal authority of the ANP, Brazil’s oil regulator, to manage the oil industry and would be an improper judicial intrusion into public administration.

The ruling was made on an appeal by a federal prosecutor who had his initial request to issue the injunction banning Chevron and Transocean denied by a lower court, Reuters reported.

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