The Seattle Times

GERALD HERBERT / AP
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Friday, January 4, 2013

Transocean agrees to settle oil-spill claims for $1.4 billion

In this April 21, 2010 aerial photo, the Deepwater Horizon oil rig burns in the Gulf of Mexico. On Thursday, Jan. 3, 2013, it was reported that Switzerland-based Transocean would pay the money to resolve the department's civil and criminal probe of the company's role in the Deepwater Horizon disaster.