84°
Baton Rouge, Louisiana
3 Day Outlook
Thu
84°
68°
60%
Fri
88°
69°
20%
Sat
88°
69°
10%

Latest Weather Blog

Follow our weather team on social media

Transocean, feds considered $1.5B settlement

2 years ago September 10, 2012 Sep 10, 2012 Monday, September 10 2012 Monday, September 10, 2012 11:06:38 AM EDT in News
Source: Associated Press

NEW ORLEANS - Transocean Ltd. and the Justice Department have discussed a $1.5 billion settlement that would resolve federal claims over the company's role in the 2010 rig explosion that led to the nation's worst offshore oil spill.

But Switzerland-based Transocean Ltd. said in a regulatory filing Monday that several issues, including the possible time period for payment, must be resolved before a deal can be completed.

A Justice Department spokesman declined to comment.

Transocean owned the Deepwater Horizon drilling rig, where 11 workers died in an April 2010 explosion triggered by a blowout of BP's Macondo well.

Transocean also says it rejected settlement offers earlier this year from BP and a group of private attorneys for Gulf Coast residents and businesses.

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
84°
67°
Thu
PM T-Storms
84°
68°
Fri
Partly Cloudy
88°
69°
Sat
Cloudy
88°
69°
Sun
PM T-Storms
88°
72°