Transocean Said to Settle Spill Case for About $1.5 Billion

Transocean Said to Settle Spill Case for About $1.5 Billion

Derick E. Hingle/Bloomberg

Transocean Ltd. will settle all federal claims over the 2010 Deepwater Horizon oil rig explosion and spill in the Gulf of Mexico for between $1.4 billion and $1.5 billion, according to two people familiar with the matter.