Transocean Operating in Brazil’s Oil Boom

By Laura Madden, Contributing Reporter

RIO DE JANEIRO, BRAZIL - After reports that federal prosecutors in Campos, of northern Rio de Janeiro state, are seeking US$10.8 billion from Transocean following the oil leak in Chevron’s Frade Field well, many eyes outside the oil industry have taken notice of this multinational firm in Brazil.  The company, with 18,000 employees worldwide reported US$9.576 billion in revenue in 2010, and is the world's largest offshore drilling . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?