Transocean says court denied request to block Brazil injuction

Alison Sider – The Wall Street Journal, 09/12/2012

A Brazilian appeals court has denied a request by the national oil regulator to suspend an injunction barring Transocean Ltd. RIG -0.67% and Chevron Corp.CVX +0.98% from operating in the country, Transocean Chief Executive Steven Newman said on a conference call Wednesday.

The court responsible for the case couldn’t yet confirm the ruling.

A Brazilian court banned the two companies from operating in the country in late July because of their roles in an offshore oil spill last year.

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