Transocean Pleads Guilty, Agrees To Pay $1.4 Billion To Settle Charges Related To Gulf Oil Spill

Transocean, the offshore drilling company that operated, on BP’s behalf, the ill-fated Deepwater Horizon rig whose collapse resulted in multiple deaths and untold amounts of oil being released into the Gulf of Mexico, has agreed to plead guilty to violating the Clean Water Act and to pay a total of $1.4 billion in civil and criminal fines and penalties.
In addition to the civil consent decree that resolves the federal government’s claims against the company, Transocean Deepwater Inc. has signed a guilty plea agreement in which it admits its criminal conduct in the fatal incident.

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