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

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.

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Workers Prep Booms to Protect Shoreline Macondo BOP Stack Deepwater Horizon in Flames (Apr 20) Deepwater Horizon Listing (Apr 22)
Discoverer Enterprise Overview Diagram of Repair Efforts  Smoke from Deepwater Horizon (Apr 21) Deepwater Horizon Sinking (Apr 22)
71 more images view image library


From the Career Center
Jobs that may interest you
Safety Manager
Expertise: Environmental, Safety & Training|HSE Manager / Advisor
Location: Santa Fe Springs, CA
 
Lead/A Operator
Expertise: Laboratory Ops / Tech|Regulatory Compliance|Rotating Equipment|ROV Ops / Tech|Sales
Location: Lafayette, LA
 
CHESM HES Specialist
Expertise: HSE Manager / Advisor
Location: Richmond, CA
 
search for more jobs

Brent Crude Oil : $43.47/BBL 3.12%
Light Crude Oil : $41.91/BBL 2.35%
Natural Gas : $2.67/MMBtu 1.47%
Updated in last 24 hours