Transocean settles Gulf spill-related claims for $1.4 billion

01/3/2013 | Lexington Herald-Leader (Ky.)

Transocean has agreed to pay $1.4 billion to the Department of Justice to settle civil and criminal penalties associated with the April 2010 Gulf of Mexico oil spill. Transocean is also required to carry out emergency response and safety improvements on its rigs under the agreement. "This is a positive step forward, but it is also a time to reflect on the 11 men who lost their lives aboard the Deepwater Horizon," Transocean said.

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Lexington Herald-Leader (Ky.)

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