Justice Department And Transocean Reach a $1.4 Billion Settlement Over Gulf Oil Spill

by Blogburger on January 4, 2013

Posted: January 3, 2013 New Orleans, LA – A series of government probes has doled out blame for the nation’s worst offshore oil spill among corporate giants BP, Transocean, and Halliburton. Thursday the US Justice Department reached a $ 1.4 billion settlement with Transocean Ltd., owner of the drilling rig Deepwater Horizon, that caused the massive 2010 Gulf of Mexico oil spill when it exploded and sank. On the eve of April 20, 2010 the Deepwater Horizon was drilling in water a mile deep about 80 kilometers southeast of the Louisiana coast, when it blew. Engineers made attempts to halt the flow of oil from BP’s ruptured well. Nevertheless millions of gallons of crude surged out into the…

WN.com – International English News

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