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Transocean

Feb 25, 2013

High-stakes trial begins for 2010 Gulf oil spill (UPDATE)

Nearly three years after a deadly rig explosion in the Gulf of Mexico triggered the nation's worst offshore oil spill, a federal judge in New Orleans is set to preside over a high-stakes trial for the raft of litigation spawned by the disaster.

Feb 20, 2013

BP civil settlement remains elusive as trial nears

The U.S. Justice Department and the five Gulf coast states affected by a massive oil spill nearly three years ago have indicated they would like to settle their environmental and economic claims with BP PLC ahead of a trial scheduled to start next week.

Feb 19, 2013

Judge approves Transocean’s $1B spill settlement

A federal judge on Tuesday approved Transocean Ltd.'s agreement with the Justice Department to pay $1 billion in civil penalties for its role in the massive 2010 oil spill in the Gulf of Mexico.

Feb 14, 2013

Judge approves Transocean’s plea deal in oil spill

A federal judge has approved Transocean Ltd.'s agreement with the Justice Department to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the 2010 Gulf of Mexico oil spill.

Jan 30, 2013

Next in BP spill saga: civil trial worth billions

Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties.

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