Environmental

Moex Offshore Agrees to $90 Million Partial Settlement of Liability in Deepwater Horizon Oil Spill

$70 Million Penalty Is Largest Under the Clean Water Act; Moex Also to Perform Gulf Conservation Projects Worth at Least $20 Million

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WASHINGTON—(ENEWSPF)—February 17, 2012.  MOEX Offshore 2007 LLC has agreed to settle its liability in the Deepwater Horizon oil spill in a settlement with the United States valued at $90 million, announced the Department of Justice, the U.S. Coast Guard and the U.S. Environmental Protection Agency (EPA) today.  Approximately $45 million of the $90…

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