Transocean http://wrkf.org en Judge Approves Transocean Civil Settlement http://wrkf.org/post/judge-approves-transocean-civil-settlement <p>A federal judge has approved Transocean Ltd.'s agreement with the Justice Department to pay $1 billion in civil penalties for its role in the massive 2010 oil spill in the Gulf of Mexico.</p><p>U.S. District Judge Carl Barbier said in his ruling Tuesday that he found "no just reason for delay" in approving the civil settlement.</p><p>Last week, a different judge approved Transocean's criminal settlement with the federal government. The company pleaded guilty to a misdemeanor charge and will pay an additional $400 million in criminal penalties.</p> Tue, 19 Feb 2013 16:58:15 +0000 Associated Press 6376 at http://wrkf.org Transocean's Battle in Gulf Oil Spill Case Concludes http://wrkf.org/post/transoceans-battle-gulf-oil-spill-case-concludes <p>The Deepwater Horizon rig exploded off Louisiana’s coast in 2010, unleashing an unmatched oil spill from BP’s Macondo well.</p><p>About eight months later, the Justice Department filed suit to recover damages.</p><p>BP entered into a $4.5 billion settlement of criminal claims in November.</p><p>The owner of the rig, Transocean, has just agreed to plead guilty and pay $1.4 billion in criminal and civil penalties for violating the Clean Water Act. A federal judge is likely to sign off on <a href="http://www.justice.gov/opa/pr/2013/January/13-ag-004.html" target="_blank">the agreement</a> at a hearing set for Feb. 14.</p><p><a href="http://www.npr.org/people/127410674/carrie-johnson" target="_blank">Carrie Johnson, NPR’s Justice Correspondent</a>, has been following this case from the beginning.</p><p> Mon, 07 Jan 2013 22:17:11 +0000 Amy Jeffries 4469 at http://wrkf.org Transocean's Battle in Gulf Oil Spill Case Concludes