Oil & Energy

UPDATE: Cameron To Pay BP $250 Million To Settle Oil Spill Claims – Smart Money

LONDON -(Dow Jones)- Cameron International Corporation (CAM) agreed to pay BP PLC (BP.LN) $250 million to settle all claims between the two companies relating to the giant 2010 Deepwater Horizon accident in the Gulf of Mexico, a development that …

Cameron International Gives Cash to BP for Epic Oil Spill – Boston Globe

Cameron International (NYSE:CAM) agrees to pay BP (NYSE:BP) $250M over the Deepwater Horizon disaster. In return, both parties will drop their charges against each other and BP will safeguard Cameron against lawsuits under the U.S. Oil …

Cameron Announces Agreement with BP – Yahoo Finance

Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform …

Cameron International settles with BP on 2010 oil spill claims – Washington Post

Cameron International, the maker of the blowout preventer that failed to stop the massive oil spill in the Gulf of Mexico last year, has agreed to pay $250 million to BP, which says it will put the money into the … Continue reading

BP settles with spill blow-out preventer maker Cameron – YAHOO!

Cameron International said BP had agreed to indemnify the company … Shares in BP closed down 0.5 percent to 445.75 pence on Friday, slightly underperforming the European index of oil and gas companies .SXEP> which was 0.1 percent lower.

BP to receive $250m oil spill settlement from Cameron Intl – ShareCast

LONDON (SHARECAST) – US-listed oil and gas equipment firm Cameron International Corporation, the company which designed and manufactured the Deepwater Horizon ‘blowout preventer’, is to pay UK oil titan BP $250m to settle all claims between them related to …

Cameron To Pay BP $250 Million In Deepwater Horizon Settlement – Smart Money

LONDON -(Dow Jones)- Oil group BP PLC (BP.LN) said Friday that it has reached agreement with Cameron International Corporation, the manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to …

Cameron Pays for Blowout; BP Legal Blows Continue (Update 1) – Inside Fidelity

Cameron International (Symbol : CAM) is paying $250 million into BP’s $20 billion oil spill fund, but as spats between all the companies in the BP oil spill go, this resolution is a minor one, though it was a market … Continue reading

Cameron Announces Agreement with BP – Newsblaze.com

In addition, BP will fully indemnify Cameron for damage claims arising under the Oil Pollution Act, claims for natural resource damages and associated damage-assessment costs, and other claims arising from third parties. “This agreement with BP …

Cameron reaches oil spill deal with BP, shares rise – Reuters UK

(Reuters) – Cameron International Corp agreed to give BP Plc $250 million (161 million pounds) to help pay for costs associated with the UK oil company’s 2010 Gulf of Mexico oil spill disaster. Investors relieved that the deal removes …