Transocean to pay $1.4 billion for role in Gulf oil spill
Fire boats battle a fire at the offshore oil rig Deepwater Horizon on April 21, 2010 in the Gulf of Mexico off Louisiana's coast.
January 3rd, 2013
02:43 PM ET

Transocean to pay $1.4 billion for role in Gulf oil spill

[Posted at 2:43 p.m. ET] We've just gotten a statement from BP with their reaction to the Transocean fine. BP agreed in November to plead guilty to criminal charges and pay penalties in relation to the incident.

"Today's settlement between Transocean and the United States underscores what every official investigation has found: that the Deepwater Horizon accident resulted from multiple causes, involving multiple parties.

In settling, Transocean has acknowledged that it played a significant role and has responsibility for the accident. Transocean is finally starting, more than two-and-a-half years after the accident, to do its part for the Gulf Coast.

Unfortunately, Halliburton continues to deny its significant role in the accident, including its failure to adequately cement and monitor the well."

[Posted at 1:00 p.m. ET] Offshore drilling firm Transocean will pay $1.4 billion in fines and penalties in connection with the 2010 oil spill in the Gulf of Mexico, the Justice Department announced Thursday.

Transocean owned and provided a crew for the Deepwater Horizon rig, where an explosion in 2010 killed 11 men and triggered the worst maritime oil spill in U.S. history. The well was capped three months later, but not before millions of barrels of oil spilled into the Gulf.

Transocean was contracted by BP, which leased the rig and directed staff onboard. BP agreed in November to plead guilty to criminal charges in connection with the incident and pay $4.5 billion in government penalties.

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Filed under: Louisiana
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  1. Pete

    But of that $1.4 billion fine how much do the people of these states effected get,nothing I bet...The government gets BPs fine and Transoceans and those effected will just get what they get ,not nice in todays world but that's government for yah...And BP writes off all their expenses,loses at the end of the year and Pres.Obama said there's nothing he can do about it because that's the federal tax code ,plain and simple!!No jail time either for the murderers that killed those workers on the oil rig either and because of a 100 year old maritime law the families of those killed won't get anything,nice ha!!

    January 3, 2013 at 1:17 pm | Report abuse |
  2. Hide Behind

    Odd, but I feel no sympathy for anyone damaged by the oil spill and care not if the money goes into the pockets of our bureaucracy to be used for perks or military.
    Who has always paid for the polluted air and earths?
    The population of course, and while the masses, such as in Wal Mart suit soon found out, can no longer afford to take on the giants we let the giants argue among themselves on how best to share the cost.
    In the times of garmet factory fire and lots of ladys died the owner had paid for prtection of his firetrap to those elected. Those elected did not prosecute or allow any civil suits by individuals that would even in those days cost owner hundreds of dollars.
    Extortion, bribes, protection rackets by those in government back then were crimes, today they are the laws of the land.
    Just buisness as usual for a very big buisness the US government.

    January 3, 2013 at 2:16 pm | Report abuse |
    • banasy©

      I find that to be a recurrent theme in your posts; the apathy to people who suffer.

      January 3, 2013 at 2:43 pm | Report abuse |
  3. banasy©

    I wasn't talking to you, Philip.

    January 3, 2013 at 2:56 pm | Report abuse |
  4. banasy©

    And it goes without saying that I absolutely do not advocate the wholesale genocide of our citizens by drone, as you do, Phili¶.
    Gee, if that makes me a bleeding heart, I will wear that label proudly; better to have heart that bleeds than a sadistic shriveled prune.

    January 3, 2013 at 3:00 pm | Report abuse |
  5. banasy©

    I read the post.
    You advocate droning inner cities.
    I cannot twist those words; you mafe it quite clear.

    January 3, 2013 at 3:12 pm | Report abuse |
  6. banasy©

    Which you advocate the use of droneas for.
    Get a clue; your thinking is entirely yours.
    Soory, but you are unique in that regard.
    I still say: start with CS, CO, as the testing ground for your little genocidal plan, Philip.

    January 3, 2013 at 4:02 pm | Report abuse |
  7. banasy©

    Americans like you advocate droning inner cities?
    Nope, only you.

    January 3, 2013 at 4:07 pm | Report abuse |
  8. banasy©

    Well, I see that all of the posts I was responding to have been deleted; it looks as if I were talking to myself.
    I wasn't, I assure you all.

    January 3, 2013 at 6:39 pm | Report abuse |
    • cool_chick


      January 6, 2013 at 8:33 am | Report abuse |
  9. Hide Behind

    No matter the rules and regulations, they are not laws but processes set in place to decieve the public into believing that they who rule know what best to do and will take care of you
    You gave them the power, and each day you give them more and only realy get upset if what they do or have done directly impacts you.
    You twiddle your thumbs and rend you crys of sympathy to those who get abused by the processes set in place and then wonder why no one does more for you but extend sympaty as they twiddle their thumbs and wring their hands.

    January 3, 2013 at 7:37 pm | Report abuse |
    • banasy©

      That you show absolutely no sympathy for the people and wildlife of the Gulf coast surprises me not one jot.
      Yep, keep giving the balance of power to the republicans you so admire, and see more Gulf accidents; money is what drives them, and by your tacit approval, you.

      January 4, 2013 at 1:41 pm | Report abuse |
  10. chrissy

    Lol its ok banasy. My dad used to say some of the BEST conversations you will ever have are the ones you have with yourself! Lmao!

    January 3, 2013 at 7:58 pm | Report abuse |
    • Patrick

      I'll fix up some grilled cheeses if you want. I make em good. I'm a chef.

      January 3, 2013 at 8:32 pm | Report abuse |
  11. chrissy

    Youre a jacker you mean.

    January 3, 2013 at 8:52 pm | Report abuse |
  12. chrissy

    Lol @ little mister, well put!

    January 4, 2013 at 12:19 am | Report abuse |
  13. Portland tony

    Fines like this are just blood money paid, in essence, by the company's stockholders to keep management out of a lengthy trial and possibly prevent them from jail time. Taking it a step farther, when the shuttles blew up...Nobody got fined 'cause it was an "accident" and Ofcourse no one person was at fault.

    January 4, 2013 at 12:13 pm | Report abuse |
  14. John Sopnnenberger

    Unfortunately, Halliburton continues to deny its significant role in the accident, including its failure to adequately cement and monitor the well."
    Who had decided that Halliburton is guilty? What do you mean they continue to deny significant role, how would any of you know what a " significant role" is????????
    The operator of the well and the operator of the rig were at fault. No one watched for returns of cement, and that would fall on the drilling contractor. Halliburton advised the BP people against certain issues. The final call is with the operator of the well. Capice?

    January 4, 2013 at 4:56 pm | Report abuse |
  15. John Sopnnenberger

    Halliburton was not responsible for this. Period

    January 4, 2013 at 4:57 pm | Report abuse |