Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:51 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Transocean's $1.4B Oil Spill Deal Will Help Gulf Back to Topics
Joeski1
Champion Author
New Jersey

Posts:14,005
Points:2,521,635
Joined:Dec 2004
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
Visit AP//ABC News for full article
REPLIES (newest first) Post a Reply
md11capt
Champion Author Denver

Posts:4,595
Points:1,372,345
Joined:Mar 2011
Message Posted: Jan 6, 2013 12:57:08 PM

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

Posts:3,754
Points:1,007,875
Joined:Jun 2012
Message Posted: Jan 5, 2013 6:25:57 PM

ò¿ó
ktbaeohana
Champion Author Las Vegas

Posts:5,071
Points:1,151,735
Joined:Mar 2010
Message Posted: Jan 5, 2013 4:24:29 PM

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

Posts:7,747
Points:1,708,965
Joined:Apr 2010
Message Posted: Jan 5, 2013 2:22:23 PM

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

Posts:4,031
Points:1,063,555
Joined:Jul 2012
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.
Zuegma
Champion Author Nova Scotia

Posts:3,973
Points:973,280
Joined:Aug 2012
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.).
skempton
Champion Author Vermont

Posts:4,211
Points:1,567,855
Joined:Apr 2010
Message Posted: Jan 5, 2013 12:25:52 PM

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

Posts:3,329
Points:1,778,315
Joined:Jul 2004
Message Posted: Jan 5, 2013 12:23:08 PM

not enough!!
Cellsite
Champion Author Appleton

Posts:3,878
Points:911,215
Joined:Jun 2012
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.
Joeski1
Champion Author New Jersey

Posts:14,005
Points:2,521,635
Joined:Dec 2004
Message Posted: Jan 5, 2013 11:01:18 AM

one can hope.
Post a reply Back to Topics