US Judge OKs Transocean's $1B Civil Spill Settlement

Printer Friendly Version
Email this Page

Deepwater Horizon Gulf of Mexico Oil Spill

US Judge OKs Transocean's $1B Civil Spill Settlement

A New Orleans judge has approved Transocean Ltd.'s settlement agreement with the Justice Department to pay $1 billion in civil penalties for its part in the 2010 Macondo oil spill in the Gulf of Mexico.

U.S. District Judge Carl Barbier stated in his ruling Tuesday that there is "no just reason for delay" in approving the civil settlement, The Associated Press reported.

"We are not commenting on this piece - we will let the settlement speak for itself," said Lou Colasuonno, spokesperson for Transocean, in an exclusive Rigzone phone interview.

Another U.S. federal judge approved Transocean's $400 million criminal settlement Feb. 14, in which the company pleaded guilty to a misdemeanor charge, resulting in one of the largest criminal Clean Water Act fines and penalties in U.S. history.
In total, Transocean will pay $1.4 billion in criminal and civil penalties.

Transocean, which employed nine of the 11 workers killed in the accident, owned the Deepwater Horizon drilling rig that exploded and sank over BP's Macondo well in April 2010.

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

Deepwater Horizon Images
Cutting Macondo Riser Oil Spill Response Operation Deepwater Horizon in Flames (Apr 20) Oil Spill Aerial View
Discoverer Enterprise - Placing Subsea Coffer Dam Relief Wells & Subsea Containment Deepwater Horizon Sinking (Apr 22) BP CEO Tony Hayward with USCG
71 more images view image library


From the Career Center
Jobs that may interest you
Crane / Electrical Safety Inspector
Expertise: HSE Auditing|QA / QC / Inspection|Safety Officer
Location: Corpus Christi, TX
 
Field Safety Manager / HSE
Expertise: HSE Auditing|Process Control|Safety Officer
Location: TX
 
Environmental Professional IV
Expertise: Environmental Engineer|HSE Auditing|Regulatory Compliance
Location: Bayport, TX, TX
 
search for more jobs

Brent Crude Oil : $62.07/BBL 0.09%
Light Crude Oil : $56.93/BBL 0.05%
Natural Gas : $2.82/MMBtu 1.43%
Updated in last 24 hours