A federal judge in New Orleans has scheduled a Feb. 14 hearing to decide whether to accept the Justice Department's criminal settlement with Transocean Ltd. over the company's role in the massive 2010 oil spill in the Gulf of Mexico.
Transocean, which owned the rig that sank after an explosion killed 11 workers and spawned the spill, agreed last Thursday to pay $400 million in criminal penalties and plead guilty to a misdemeanor charge of violating the Clean Water Act. The Switzerland-based company also agreed to pay $1 billion in civil penalties.
BP says Hurricane Isaac's scouring waves exposed deposits of buried tar on the Louisiana coast that were left over from its massive oil spill in 2010. Louisiana officials closed a stretch of beach near Fourchon on Tuesday after scouts said they found large tar mats. BP acknowledged Wednesday the oil was from its spill.