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By Andrew Willis, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Chevron, the second largest U.S. oil firm, last week appealed a recent court injunction banning it, and drilling company Transocean, from operating in Brazil while legal cases are ongoing. The move follows a decision by a Brazilian court earlier this month to ban Chevron and Transocean for their roles in an offshore oil spill last November, giving the two companies thirty days to halt operations or face substantial fines.

Brazil’s oil and gas regulator, ANP, has already decided to fine Chevron up to R$50 million (US$24 million . . .

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