posted on Jan, 13 2013 @ 07:19 AM
I'm surprised to see no listing for this, so to bring a major development to share, here is the latest!
Transocean to Pay $1.4B For Deepwater Spill
Transocean Deepwater owned the drilling rig, which exploded on April 20, 2010, killing 11 people and setting off the worst oil spill in U.S.
history. The explosion also blew up BP's well, Macondo Prospect, dumping 4.1 million barrels, or 172 million gallons, of oil into the Gulf of Mexico
over 87 days.
Prosecutors said the conduct of Transocean and its affiliates violated the Clean Water Act.
This is separate from what is happening with BP and the status of their issues on this.
In addition to a $1 billion penalty to resolve those claims, Transocean will also pay $400 million in criminal fines and penalties. It must also
continue cooperating with the government's ongoing criminal investigation. Claims for natural resource damages and cleanup costs are not covered in
In pleading guilty, Transocean admits its Deepwater crew members "were negligent in failing fully to investigate clear indications that the
Macondo well was not secure and that oil and gas were flowing into the well," the Justice Department said in a
I wouldn't suggest the money involved makes anything right but at least there is some record of guilt being admitted on this. That is more than is
often seen on the big events. Hopefully this isn't over either. There is mention of their ongoing cooperation on other aspects of the whole thing.
It's something to keep watching by the sound of it.