Transocean Settles for $1.4 Billion in Gulf Oil Spill"
"Transocean, the owner of the Deepwater Horizon rig that was drilling the BP Macondo well when it caught fire and sank off the Louisiana coast in 2010, beginning the nation's largest oil spill, has agreed to plead guilty to a single criminal misdemeanor violation of the Clean Water Act and pay $1.4 billion in civil and criminal fines to settle violations of the Clean Water Act and federal offshore drilling safety regulations, the company and the U.S. Justice Department announced today."