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The Boston Globe


Deepwater Horizon owner settles for $1.4b

NEW YORK — Transocean, whose floating Deepwater Horizon oil rig blew out in 2010 to cause the biggest US oil spill, has agreed to settle all civil and criminal claims with the federal government for $1.4 billion.

The Deepwater Horizon exploded, burned, and sank in April 2010. Eleven men were killed, and millions of gallons of oil flowed into the Gulf of Mexico and fouled the shores of coastal states. The Macondo well was owned by the British oil giant BP, which settled its own criminal charges and some of its civil charges in November for $4.5 billion.

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