Transocean Says Obstacles Remain With Possible $1.5B Settlement With Government

Transocean Says Obstacles Remain With Possible $1.5B Settlement With Government

WASHINGTON, D.C. - Transocean Ltd., the owner of the Deepwater Horizon oil rig that exploded in April 2010, resulting in a historic oil spill in the Gulf of Mexico, said in a Form 8-K filed Sept. 10 with the U.S. Securities and Exchange Commission that a number of obstacles have interfered with its ability to finalize a possible $1.5 billion settlement with the U.S. Department of Justice to resolve civil and criminal claims stemming from the accident. Subscribers may view the form available within the full article.

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