Transocean to pay $1.4bn for oil spill

Transocean, owner of the Deepwater Horizon oil rig, has agreed to pay $1.4 billion (£900m) over five years for the Gulf of Mexico oil spill. The multinational exploration company, which leased the rig to oil giant BP, pleaded guilty to a violation of the Clean Water Act (CWA) for “negligent discharge of oil” into the […]