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Transocean Ltd.

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Transocean Ltd. agreed to pay as much as $1.4 billion to settle civil and criminal claims over Gulf oil spill in 2010, the U.S. Department of Justice informed on the 3rd of January. The offshore driller also conceded that its team was partly liable for the 2010 Deepwater Horizon accident in the Gulf of Mexico.

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BP did not focus on the main hazard issues; instead it concentrated on details of personal worker safety. According to U.S. investigators, companies’ (BP Plc and Transocean Ltd) oversight led to the 2010 Deepwater Horizon disaster. BP Plc and Transocean Ltd had lacked clear rules for essential tests, inter alia, test ensuring that Macondo was safely and properly sealed, which triggered the 2010 Gulf of Mexico oil spill.

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The BP oil spill that occurred along the Gulf of Mexico in 2010 led to a number of official claims which were due to be settled but could not be resolved because of some complications. However, this obstacle was overcome on Friday when the Congress of the United States authorized a plan to disburse the billions of dollars the government is expected to accumulate.

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