Gulf oil spill: Transocean and states agree millions in compensation

Settlements understood to resolve outstanding claims from 2010 Deepwater Horizon disaster that spewed 134m gallons of oil into the sea

All five Gulf of Mexico states have reached a settlement with the owner of the offshore drilling rig involved in the 2010 BP oil spill.

A court filing from Transocean and attorneys for Alabama, Florida, Mississippi, Louisiana and Texas said all of the states had entered a settlement agreement. Alabama's governor announced that state's settlement with Transocean last week.