73°
Baton Rouge, Louisiana
3 Day Outlook
Thu
86°
67°
20%
Fri
87°
57°
20%
Sat
76°
51°
40%

Latest Weather Blog

Follow our weather team on social media

Feds nearing deal with Transocean over Gulf spill

2 years ago Thursday, January 03, 2013 9:06:20 AM CST January 03, 2013 Thursday, January 03 2013 Jan 3, 2013 in News
Source: ap

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.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
73°
66°
Thu
86°
67°
Fri
87°
57°
Sat
76°
51°
Sun
77°
64°