Deepwater Horizon Disaster Payout Announced by US Justice Department

Transocean will help fund Gulf of Mexico science and restoration as part of its settlement of civil and criminal charges related to the 2010 Deepwater Horizon disaster. Credit: Wikimedia

A new cash settlement will be given to the Gulf of Mexico science and restoration project, due to the federal charges related to the 2010 Deepwater Horizon oil spill. The company that operated the drilling rig for BP, Transocean Deepwater, has agreed to pay $1.4 billion in civil and criminal fines and penalties for the spill.

Read more @ SciTechDaily