Transocean To Pay$1.4B To Resolve Claims Over Deepwater Horizon Incident

Transocean To Pay$1.4B To Resolve Claims Over Deepwater Horizon Incident

NEW ORLEANS - Transocean Deepwater Inc. and the federal government on Jan. 3 filed a consent decree in which the company has agreed to pay $1 billion in civil penalties, $400 million in criminal fines and plead guilty to environmental crimes to resolve claims stemming from the explosion of the Deepwater Horizon oil rig in April 2010 and the ensuing oil spill in the Gulf of Mexico (In re: Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico on April 20, 2012, MDL 2179, E.D. La.).

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