Thursday, January 3, 2013

Transocean agrees to $1.4-billion settlement in 2010 gulf oil spill

Transocean agrees to a $1.4-billion settlement with the Justice Department to resolve civil and criminal claims in the Deepwater Horizon oil spill.

WASHINGTON — Offshore oil and gas drilling company Transocean has agreed to a $1.4-billion settlement with the Justice Department to resolve civil and criminal claims against the company for its role in the April 2010 Gulf of Mexico oil spill.

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