Brazil could ban Chevron, Transocean from offshore drilling

11/21/2011 | Bloomberg Businessweek

Brazil could ban Chevron and Transocean from offshore drilling in the country following an oil spill in the Frade field. "If we have reasons to do this, we will," said Haroldo Lima, head of Brazil's ANP. "Transocean continues to fully cooperate with Chevron, the operator of the well, and Brazilian authorities in all aspects of this matter," spokesman Guy Cantwell said.

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