MOEX to Pay U.S. $90M Over 2010 Gulf Spill

http://www.bloomberg.com/news/2012-02-17/u-s-files-motion-seeking-moex-settlement-in-bp-gulf-of-mexico-spill-case.html

Mitsui & Co.’s MOEX Offshore 2007 LLC will pay $90 million to the U.S. and five states to settle pollution violations related to 2010 Gulf of Mexico oil spill while BP Plc (BP/) and its drilling fluid provider for the Macondo well agreed to dismiss claims against each other.

The U.S. filed a consent order yesterday in federal court in New Orleans outlining the MOEX settlement of Clean Water Act violations. The agreement requires MOEX to pay $45 million in civil penalties to the U.S. and about $25 million total to Alabama, Florida, Louisiana, Mississippi and Texas, court papers show. MOEX will also pay $20 million for land acquisition projects, the U.S. said.