Transocean BP oil spill News

BP Executive Says Internal Oil Spill Probe Did Not Weigh Cost Overruns

BP Plc’s investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP executive said on Thursday, in the final day of testimony this week in the massive civil …

Judge Accepts Transocean Settlement in Gulf Oil Spill

A federal judge on Thursday accepted a guilty plea by rig contractor Transocean Ltd. for violating the U.S. Clean Water Act along with a $400 million criminal fine for its role in the 2010 disaster at BP Plc’s Macondo well. …

Transocean to Pay $1.4B to Settle Over BP Oil Spill

Transocean Ltd. agreed to pay $1.4 billion to settle U.S. government charges over BP Plc’s massive Gulf of Mexico oil spill in 2010 and the rig contractor admitted that its crew on the Deepwater Horizon was partly responsible. Transocean, which …