Thursday 23 October 2014

Settlement over biggest oil spill in US history

Published 04/01/2013 | 05:00

TRANSOCEAN, the oil contractor that owned the Deepwater Horizon rig which blew up in the Gulf of Mexico in 2010, has reached a $1.4bn (€1.1bn) settlement with the United States Department of Justice.

The deal will see Transocean pay $400m in criminal penalties, and $1bn in civil charges.

BP, the owner of the well, has already agreed to a $4.5bn settlement over the disaster, which killed 11 men.

The April 2010 explosion at BP's Macondo well resulted in the largest offshore oil spill in US history.

Irish Independent

Read More

Editors Choice

Also in World News