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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...
Transocean to pay $1.4 billion in Deepwater spill
2013-01-03 19:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The settlement unveiled by the Department of Justice includes $1 billion in civil penalties and $400 million in criminal penalties. The company had set aside a total of $1.95 billion in potential losses related to the spill, including $1.5 billion for its anticipated settlement with the DoJ. Shares of Transocean were up 7 percent...
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