Judge accepts Transocean’s oil spill agreement
by Associated Press
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 The Swiss-based drilling company could have withdrawn from the deal if she had rejected it.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.
Top Posts & Pages
- At age 17, ‘the flagpole kid’ is already a business success story
- Airline announces new service at Oxford
- County surveyor accused of doing unlicensed work, fraud
- Doctor appeals Medicaid, Medicare fraud conviction
- Brandon biometrics firm merges fingerprinting and smartphones
- With tar balls still common, some question end of oil spill cleanup
- Madison doctor explores JFK assassination in chilling thriller
- Ingalls lands another, $76.8M Coast Guard cutter
- Supervisors to talk about rising costs, dwindling budget