Oil

Cameron is Mopping Up its Gulf Oil-Spill Woes – Barron’s Online

Cameron International’s liability in the 2010 Gulf of Mexico oil spill disaster has not disappeared, but investors cheered its $250 million settlement with BP on Friday because it clears a path to resolution. Shares of Cameron (ticker: CAM) rose …

Cameron To Pay BP $250 Million To Settle Oil Spill Claims – NASDAQ

LONDON -(Dow Jones)- Cameron International Corporation (CAM) will pay BP PLC ( BP.LN) $250 million to settle all claims relating to the giant 2010 Deepwater Horizon accident in the Gulf of Mexico, BP’s latest legal settlement following the 2010 disaster … Continue reading

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 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

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 …

Cameron International (CAM) Up 5.7% after Reaching Deal with BP Over Spill – Market Intelligence Center

under which BP will indemnify Cameron for current and future claims connected to last year’s Deepwater Horizon accident and oil spill. Cameron said it will pay $250 million to BP. The company expects its insurers to fund at least $170 … Continue reading