Oil major BP has agreed a deal with the US Department of Justice to pay $25m following the Prudhoe Bay oil spill in 2006.
The fine, which is currently in the form of a consent decree and needs to be approved by a public review, is part of a wider deal which will also see it comply with a series of other measures.
BP would have to follow a set of requirements covering Prudhoe Bay pipeline operations, as well as retain an independent contractor to monitor future operations.
BP, which is facing further action over last year's spill in the Gulf of Mexico, did not admit any liability nor was there any per-barrel penalty assessed in the agreement, the group said.
Javid's first fiscal announcement
'Misunderstood our profession'
Newly created role
No direct replacement planned
Could be delayed by general election