Guardian: Transocean, owner of the Deepwater Horizon rig at the centre of BP's Gulf of Mexico blowout, has reached a $1.4bn settlement with the Department of Justice to settle criminal and civil charges.
The Swiss-based rig operator has been in the dock since April 2010 saw the worst spill in American history. The $1bn in civil penalties and $400m in criminal ones is in line with what the company was expecting.
A formal statement had not been released on Thursday night but sources in the US confirmed...