Transocean To Pay $1.4 Billion

January 3, 2013

Transocean to pay $1.4 billion to settle pollution, safety violations in Gulf oil spill

Transocean, owner of the Deepwater Horizon drilling rig involved in the BP gulf oil spill has agreed to plead guilty to a single criminal misdemeanor violation of the Clean Water Act and pay $1.4 billion in civil and criminal fines to settle violations of the Clean Water Act and federal offshore drilling safety regulations. Reported by The Times Picayune - Read More