Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source familiar with the matter said on Thursday.
The settlement includes $1 billion in civil penalties and $400 million in criminal penalties, under terms scheduled to be announced later on Thursday, the source said.
Copyright 2026 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
AI Got Beat by Traditional Models in Forecasting NYC’s Blizzard 
Building Fortification And The Role of The Insurance Industry 
Red Flags Adjusters Should Look for in Truck Accident Claims Investigations 
Besieged Berkshire Utility Tries to Rewrite Who Pays for Wildfires 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.