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Topic - Transocean Ocean Holdings Llc

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  • **FILE** The Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (Associated Press)

    Transocean agrees to pay $1.4B for Gulf spill

    Transocean Deepwater Inc. agreed Thursday in federal court to plead guilty to violating the Clean Water Act and pay $1.4 billion in civil and criminal fines and penalties for its conduct in the 2010 Deepwater Horizon oil-spill disaster, which killed 11 workers and released nearly 5 billion barrels of crude oil into the Gulf of Mexico.

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