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Transocean to pay record $1.4 billion in civil and criminal fines and penalties for role in Deepwater Horizon disaster
2013-01-03 22:30:54| Green Car Congress
Transocean To Pay $1.4 Billion In Gulf Oil Spill Settlement
2013-01-03 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Transocean, the owner of the Deepwater Horizon rig where 11 men died in April 2010, has agreed to pay $1.4 billion in criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill. A Transocean subsidiary also agreed to plead guilty to a single criminal misdemeanor charge for violating the Clean Water Act. Federal authorities blamed the company for acting negligently when the rig's crew proceeded with maneuvers to the deep-sea well in the face...
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Transocean to pay $1.4 billion for role in BP oil spill
2013-01-03 20:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of Mexico in 2010. The settlement unveiled on Thursday by the U.S. Department of Justice includes $1 billion in civil penalties and $400 million in criminal penalties. The company had set aside $1.95 billion in potential losses related to the Macondo well disaster, including $1.5 billion for its anticipated DoJ settlement. Still looming...
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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