Regulatory News

The U.S. companies Chevron and Transocean will not be banned from operating in Brazil, at least for now. The Federal Court denied the request made ​​by the Attorney General's Office that the two oil companies - responsible for a 2,400-liter oil spill at sea in November – they be prevented from operating in the country.

The court also rejected the payment of a fine of R$20 billion (US$10.8 billion), as prosecutors had requested. According to Judge William Diefenthaeler both the prohibition of drilling and continued work and the fine are attributions from the National Petroleum Agency (ANP), and not the judiciary.

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