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Rig owner pays $1.4bn to settle over Deepwater

2013-01-03 20:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Transocean, owner of the Deepwater Horizon rig at the centre of BP's Gulf of Mexico blowout, has reached a $1.4bn settlement with the Department of Justice to settle criminal and civil charges. The Swiss-based rig operator has been in the dock since April 2010 saw the worst spill in American history. The $1bn in civil penalties and $400m in criminal ones is in line with what the company was expecting. A formal statement had not been released on Thursday night but sources in the US confirmed...

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