Thursday, January 3, 2013

Rig owner pays $1.4bn to settle over Deepwater

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...

URL: http://www.guardian.co.uk/environment/2013/jan/03/rig-owner-settles-deepwater-charges
Enclosure: http://static.guim.co.uk/sys-images/Business/Pix/cartoon/2013/1/3/1357239829493/Deepwater-008.jpg

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