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Author Topic: Transocean's $1.4B Oil Spill Deal Will Help Gulf Back to Topics
Joeski1

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New Jersey

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Message Posted: Jan 5, 2013 10:59:43 AM


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
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md11capt
Champion Author Denver

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Message Posted: Jan 6, 2013 12:57:08 PM

Misdemeanor...for 11 people's deaths.
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flnobody
Champion Author Florida

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Message Posted: Jan 5, 2013 6:25:57 PM

ò¿ó
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Jan 5, 2013 4:24:29 PM

when will the money be sent out to business and family that was affect?
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kag2010
Champion Author Winnipeg

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Message Posted: Jan 5, 2013 2:22:23 PM

There's a lot of blame!
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dodsworth
Champion Author Salem

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Message Posted: Jan 5, 2013 1:39:36 PM

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.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Jan 5, 2013 12:35:01 PM

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.).
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skempton
Champion Author Vermont

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Message Posted: Jan 5, 2013 12:25:52 PM

Amazing that a company can pay such a fine and not go broke.
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dandvicb
Champion Author Bridgeport

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Message Posted: Jan 5, 2013 12:23:08 PM

not enough!!
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Cellsite
Champion Author Appleton

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Message Posted: Jan 5, 2013 11:38:38 AM

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.
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Joeski1
Champion Author New Jersey

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Message Posted: Jan 5, 2013 11:01:18 AM

one can hope.
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