79°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Judge approves Transocean's $1B spill settlement

3 years 7 months 6 days ago February 19, 2013 Feb 19, 2013 Tuesday, February 19 2013 February 19, 2013 9:41 AM in News
Source: Associated Press

NEW ORLEANS - A federal judge today approved Transocean Ltd.'s agreement with the Justice Department to pay $1 billion in civil penalties for its role in the massive 2010 oil spill in the Gulf of Mexico.

U.S. District Judge Carl Barbier said in his ruling Tuesday that he found "no just reason for delay" in approving the civil settlement.

Last week, a different judge approved Transocean's criminal settlement with the federal government. The company pleaded guilty to a misdemeanor charge and will pay an additional $400 million in criminal penalties.

Transocean owned the Deepwater Horizon drilling rig, which exploded and sank over BP's Macondo well in April 2010. The accident killed 11 rig workers and spawned the nation's worst offshore oil spill.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days