Brazilian court upholds Chevron suspension

Natural Gas   Oil
By The Associated Press on September 12, 2012

BRASILIA, Brazil (AP) — Brazil's top appeals court has upheld an order for Chevron Corp. and driller Transocean Ltd. to suspend their petroleum drilling and transportation operations in the country pending an investigation into two oil spills.

Last month, a Rio de Janeiro court ordered the suspension and said the two companies would be fined about $244 million for each day they failed to comply with it, but Brazil's National Petroleum Agency later appealed.

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