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Author	Topic: Transocean's $1.4B Oil Spill Deal Will Help Gulf	Post a Reply Back to Topics

Joeski1 Champion Author New Jersey Posts:9,992 Points:1,741,610 Joined:Dec 2004	Message Posted: Jan 5, 2013 10:59:43 AM Ignore Joeski1 Report Abuse By MICHAEL KUNZELMAN Associated Press NEW ORLEANS January 3, 2013 (AP)A $1.4 billion settlement between the Justice Department and Deepwater Horizon rig owner Transocean Ltd. will pump hundreds of millions of dollars into projects designed to help the Gulf Coast recover from the nation's largest offshore oil spill. Transocean, which owned the rig that sank after an explosion killed 11 workers and spawned the 2010 spill in the Gulf of Mexico, agreed Thursday to pay $1 billion in civil penalties and $400 million in criminal penalties and plead guilty to a misdemeanor charge of violating the Clean Water Act. Much of the money will fund environmental-restoration projects and spill-prevention research and training. Congress approved legislation that dedicates 80 percent of the Visit AP//ABC News for full article

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By MICHAEL KUNZELMAN Associated Press
NEW ORLEANS January 3, 2013 (AP)A $1.4 billion settlement between the Justice Department and Deepwater Horizon rig owner Transocean Ltd. will pump hundreds of millions of dollars into projects designed to help the Gulf Coast recover from the nation's largest offshore oil spill.

Transocean, which owned the rig that sank after an explosion killed 11 workers and spawned the 2010 spill in the Gulf of Mexico, agreed Thursday to pay $1 billion in civil penalties and $400 million in criminal penalties and plead guilty to a misdemeanor charge of violating the Clean Water Act.

Much of the money will fund environmental-restoration projects and spill-prevention research and training. Congress approved legislation that dedicates 80 percent of the
Visit AP//ABC News for full article

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md11capt Champion Author Denver Posts:3,558 Points:709,980 Joined:Mar 2011	Message Posted: Jan 6, 2013 12:57:08 PM Ignore md11capt Report Abuse Misdemeanor...for 11 people's deaths.
flnobody Veteran Author Florida Posts:409 Points:228,200 Joined:Jun 2012	Message Posted: Jan 5, 2013 6:25:57 PM Ignore flnobody Report Abuse ò¿ó
ktbaeohana Champion Author Las Vegas Posts:2,306 Points:422,000 Joined:Mar 2010	Message Posted: Jan 5, 2013 4:24:29 PM Ignore ktbaeohana Report Abuse when will the money be sent out to business and family that was affect?
kag2010 Champion Author Winnipeg Posts:5,254 Points:1,019,760 Joined:Apr 2010	Message Posted: Jan 5, 2013 2:22:23 PM Ignore kag2010 Report Abuse There's a lot of blame!
dodsworth All-Star Author Salem Posts:772 Points:294,955 Joined:Jul 2012	Message Posted: Jan 5, 2013 1:39:36 PM Ignore dodsworth Report Abuse First read of the headline sounds like TO did something good. Actually, they were just 'forced' into helping to partially pay for their part in something they did that was bad.
Zuegma All-Star Author Nova Scotia Posts:983 Points:256,930 Joined:Aug 2012	Message Posted: Jan 5, 2013 12:35:01 PM Ignore Zuegma Report Abuse There's a lot of blame in this tragic event. Transocean was indeed a main culpirt as the owner & operator of the rig for BP starting will dismal testing of both the surface and subsea "blow out" equipment. The US Dept of Energy is also very liable for permitting an improper suspension of the well by leaving the drilling mud in the wellbore versus the standard practice of displacing it and setting the required cement colunm. It will be interesting to read what the U.S. District Judge Carl Barbier in New Orleans will come up with when he starts reviewing in Feb. the long list of contributing factors (& various subcontractors who also were daydreaming at the time.).
skempton Champion Author Vermont Posts:1,139 Points:838,185 Joined:Apr 2010	Message Posted: Jan 5, 2013 12:25:52 PM Ignore skempton Report Abuse Amazing that a company can pay such a fine and not go broke.
dandvicb Champion Author Bridgeport Posts:1,227 Points:1,075,980 Joined:Jul 2004	Message Posted: Jan 5, 2013 12:23:08 PM Ignore dandvicb Report Abuse not enough!!
Cellsite Champion Author Appleton Posts:1,226 Points:286,160 Joined:Jun 2012	Message Posted: Jan 5, 2013 11:38:38 AM Ignore Cellsite Report Abuse Lot of finger pointing by BP and Transocean. Still seems like BP was calling the shots and any Transocean employee who disagreed with BP would be fired.
Joeski1 Champion Author New Jersey Posts:9,992 Points:1,741,610 Joined:Dec 2004	Message Posted: Jan 5, 2013 11:01:18 AM Ignore Joeski1 Report Abuse one can hope.