Transocean, Justice Department Agree To Settle Deepwater Horizon Oil Spill In Gulf Of Mexico For About $1.4B: Report

  @MikeObel m.obel@ibtimes.com on

 

Transocean Ltd. (NYSE:RIG), which operated the floating oil drilling rig Deepwater Horizon that ignited and started the worst offshore spill in the U.S., is expected to pay about $1.4 billion to settle all federal claims against it, the Wall Street Journal reported Thursday. The April 2010 accident, which left 11 workers dead, caused the Macondo Well to gush about 4.9 million barrels of crude oil into the Gulf of Mexico before it was capped three months after the accident. Neither Transocean, whose shares rose $2.47 or 5.34 percent to $48.74 in afternoon trading, nor the Justice Department have confirmed the newspaper's report. 

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video