Transocean To Pay $1.4 Billion In Gulf Oil Spill Settlement

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......

Read Complete Article at Water Conserve: Water Conservation RSS News Feed

You can leave a response, or trackback from your own site.

Leave a Reply