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Justice reaches $1.4B settlement with Transocean for oil spill

GULF OF MEXICO — The Justice Department has reached a $1.4-billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico. Two people with knowledge of the negotiations say Switzerland-based Transocean would pay the money to resolve the department’s civil ...

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