Gulf rig owner to pay in disaster

Transocean’s U.S. hit is $1.4 billion

Posted: January 4, 2013 at 1:42 a.m.

Transocean Ltd. will pay more than $1.4 billion, including a $400 million criminal penalty, to settle federal claims arising from the deadly explosion of one of its rigs and a resulting Gulf of Mexico oil spill, according to a court filing.

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Business, Pages 23 on 01/04/2013