Transocean served with Brazil drilling injunction

Transocean Ltd said on Thursday it was served with a preliminary injunction by a federal court in Brazil that would require the drilling contractor’s nine rigs operating in waters off the country to cease operations in 30 days.

The ban stems from an oil spill last November in an offshore field operated by Chevron Corp at a well drilled with a Transocean rig. The eight other Transocean rigs in Brazil work for Petrobras, including seven contracted to the state-led oil company and another subcontracted from BP.

via Business feed http://www.scmp.com/business/companies/article/1049332/transocean-served-brazil-drilling-injunction