Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

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

change text size

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?

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

Deepwater Horizon Images
Discoverer Enterprise Development Driller III - Drilling Relief Well Deepwater Horizon Debris/Smoke (Apr 22) Development Driller III
BP CEO Tony Hayward with USCG ROV Cutting the Macondo Riser In Situ Burn Training A crewman aboard secures a cofferdam
71 more images view image library

From the Career Center
Jobs that may interest you
Environmental Process Engineer
Expertise: Chemical Engineering, Environmental Engineer, Process Engineer
Location: Houston, TX
 
HSE Consultant
Expertise: HSE Manager / Advisor
Location: US
 
Component Packaging Engineer
Expertise: Logistics Coordinator, Materials Management
Location: Sugar Land, TX
 
search for more jobs