Transocean to pay $1.4 billion in fines for Macondo blowout, spill

A Transocean Ltd. subsidiary agreed to plead guilty to violating the US Clean Water Act and to pay a total of $1.4 billion in civil and criminal fines and penalties for its conduct related to the blowout of the deepwater Macondo well and the explosion and fire on the Deepwater Horizon semisubmersible.

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