Feds nearing deal with Transocean over Gulf spill
NEW ORLEANS- The Justice Department is nearing a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico.
Two people with knowledge of the negotiations say Switzerland-based Transocean would pay the money to resolve the department's civil and criminal probe of the company's role in the Deepwater Horizon disaster. The announcement could come as soon as Thursday.
The people spoke on condition of anonymity because the announcement hadn't been made.
One of the people, a law enforcement official familiar with the deal, said Transocean would pay $1 billion in civil penalties, $400 million in criminal penalties and would plead guilty to violating the Clean Water Act.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Daycare owner indicted on negligent homicide charge in child's death
Slow start to ticket sales for Saturday's LSU, USC game
La. VA secretary out amid patient care scandal
LSU general admission tickets go on sale Thursday
West Feliciana deputy accused of using 'n' word, multiple complaints filed