Oil
Cameron, BP forge $250M settlement over Gulf-spill claims – SmartBrief
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BP settles with maker of failed blowout preventer – Jamaica Gleaner
Cameron International, maker of the Deepwater Horizon blowout preventer that failed to stop last year’s massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under a legal settlement, BP said on Friday. BP … Continue reading
Blow-out firm pays BP £160m for Gulf oil spill – The Independent
BP will receive a $250m (£161m) payment from Cameron International, a contractor on the Macondo well, in settlement of their dispute over liability for the Gulf of Mexico oil spill. Cameron made the blow-out preventer which proved ineffective on the … Continue reading
Cameron to pay BP in blowout preventer settlement – Houston Chronicle
Cameron’s $250 million payment will go toward a $20 billion trust that BP has earmarked to pay for claims and damages related to the spill, according to the British oil company. “Today’s settlement allows BP and Cameron to put our … Continue reading
Energy Business Recap: Cameron Settles With BP Over Deepwater Disaster, TransCanada’s Keystone XL Pipeline in Limbo – Yahoo Finance
and indemnification for Cameron in the face of claims under the U.S. Oil Pollution Act (as well as other third-party claims). Cameron’s insurers will take care of a minimum of $170 million of this payment, and a Q4 charge will … Continue reading
Contractor On Oil Spill Has Settled With BP – New York Times
LONDON — The British oil company BP said Friday that Cameron International, one of its contractors in the oil well that burst last year in the Gulf of Mexico, had agreed to pay $250 million to settle claims related to … Continue reading
BP settles with maker of failed blowout preventer – AP – msnbc.com
Cameron International, the maker of the Deepwater Horizon blowout preventer that failed to stop last year’s massive oil spill in the Gulf of Mexico, has agreed to pay $250 million to BP under a legal settlement, BP said Friday. BP … Continue reading
Shares of Cameron International Are Moving Higher on 2.2x Above-Average Volume (CAM) – Financial News Network Online
Spikes in volume can validate a breakout or signify a potential turning point. Cameron International Corporation manufactures oil and gas pressure control equipment, including valves, wellheads, chokes, and assembled systems. The Company’s equipment is …
David Cameron’s Finest Hour – Spectator.org
David Cameron did not veto an EU treaty … it more nimble in response to a massive global recession not of our making. At least the price of oil will probably tumble sharply.
Oil May Fall on Signals Europe Economy Slowing, Survey Shows – Bloomberg
Crude oil may fall next week on speculation that Europe’s economy … president of trading advisory company Cameron Hanover Inc. in New Canaan, Connecticut. The debt crisis that began in Greece has spread to Ireland, Portugal, Italy and …