A federal judge in New Orleans has approved a $1 billion civil settlement over its role in the Gulf of Mexico oil spill where 11 men died in April of 2010, the AP reports.

, federal authorities blamed Transocean "for acting negligently when the rig's crew proceeded with maneuvers to the deep-sea well in the face of clear danger signals that oil and natural gas were flowing."

In total, Transocean has agreed to pay $1.4 billion in criminal and civil penalties.

, it said the $400 million in criminal penalties for criminal conduct was the "second-largest criminal Clean Water Act fines and penalties in U.S. History."

The AP adds:

"U.S. District Judge Carl Barbier said in his ruling Tuesday that he found "no just reason for delay" in approving the civil settlement.

"Last week, a different judge approved Transocean's criminal settlement with the federal government. The company pleaded guilty to a misdemeanor charge and will pay an additional $400 million in criminal penalties."

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