Oil

Cameron, BP forge $250M settlement over Gulf-spill claims – SmartBrief

API SmartBrief is a FREE, daily e-mail newsletter covering the oil and natural gas industry. It provides the latest news and information you need to stay informed about important issues impacting your business. Sign up today to receive API SmartBrief.

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 …