WASHINGTON (Reuters) - Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source familiar with the matter said on Thursday.
The settlement includes $1 billion in civil penalties and $400 million in criminal penalties, under terms scheduled to be announced later on Thursday, the source said.
Shares of Transocean, a Swiss-based drilling contractor, were up 5.6 percent at $48.84 on midday trading on the New York Stock Exchange. The Standard & Poor's 500 Index was up 0.1 percent.
Transocean did not immediately respond to a request for a comment on Thursday.
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