Judge accepts Transocean’s oil spill agreement
Published: February 14,2013
Tags: accident, agreement, court, damages, death, disaster, ecosystem, energy, environment, explosion, fatality, justice, law, legal, natural gas, offshore drilling, Oil, oil rig, oil spill, pollution, restaurant, ruling, seafood, tourism, tourist, vacation, wildlife
NEW ORLEANS — A federal judge has approved Transocean Ltd.’s agreement with the Justice Department to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the 2010 Gulf of Mexico oil spill.
U.S. District Judge Jane Triche Milazzo accepted Transocean’s plea and imposed the agreed-upon sentence during a hearing today. The Swiss-based drilling company could have withdrawn from the deal if she had rejected it.
Transocean agreed last month to plead guilty to a misdemeanor charge of violating the Clean Water Act. The company also agreed to pay $1 billion in civil penalties. A different judge will decide whether to accept that part of the settlement.
Transocean owned the rig Deepwater Horizon, which exploded and sank over BP’s Macondo well. The accident killed 11 men.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- Supreme Court deals blow to McDaniel's election challenge
- Baseball stadium for Farish Street? It’s possible
- Guns OK inside Mississippi polling places, attorney general says
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- Bryant protests immigrant children being housed in state
- Gunn, Reeves introduce performance-based budget plan
- Three indicted, alleged to have embezzled from agency