A U.S. District judge 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 $400 million in criminal penalties.
Transocean owned the Deepwater Horizon drilling rig, which exploded and sank over BP's Macondo well in April 2010. The accident killed 11 rig workers and spawned the nation's worst offshore oil spill.
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