A series of settlements in 2010 Gulf oil spill
NEW ORLEANS (AP) — Lawyers representing businesses and individuals who claim damages from the 2010 Gulf of Mexico oil spill have announced a $211 million settlement with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig.
In a separate development, oil giant BP — which leased the rig from Transocean — reached settlements resolving years of complicated spill-related litigation with Transocean, and with contractor Halliburton, which did cement work on the rig before it exploded in April 2010.
Court rulings have put the brunt of responsibility for the disaster on BP. But Transocean and Halliburton also were found to have some responsibility.
Halliburton did not release details of its settlement with BP.
Transocean said its settlement includes a $125 million payment from BP to cover legal fees.