Transocean hit with preliminary injunction to cease operations in Brazil

Offshore staff

HOUSTON – Transocean Ltd. (NYSE:RIG) reports the federal court in Rio de Janeiro has served the company with a preliminary injunction requiring that it cease operations in Brazil within 30 days.

Transocean is pursuing an overturn or suspension of the preliminary injunction, including an appeal to the Superior Court of Justice.

Without the suspension or overturn, Transocean says it will comply with the preliminary injunction.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...