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Company: Transocean Ltd.
Current Parent Company:
Transocean
Parent at the Time of the Penalty Announcement:
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Penalty: $211,750,000
Year: 2017
Date: February 15, 2017
Offense Group: environment-related offenses
Primary Offense: oil spill
Mega-Scandal:
Deepwater Horizon
Violation Description: Transocean agreed to pay $211 million to resolve claims relating to the 2010 Deepwater Horizon catastrophe in the Gulf of Mexico.
Level of Government: federal
Action Type: private litigation
Court: Contra Costa County (California) Superior Court
Civil or Criminal Case: civil
Case ID: 2:10-md-02179
Case Name: In re: Oil Spill by the Oil Rig "Deepwater Horizon"
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oilfield services and supplies
Specific Industry of Current Parent: oilfield services
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.