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BP to Get $250 Million in Gulf of Mexico Oil Spill Settlement
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Water - Gulf Oil Spill
Written by H20   
Saturday, 31 December 2011 02:59
New York Times: The British oil company BP said Friday that Cameron International, one of its contractors in the oil well that exploded last year in the Gulf of Mexico, has agreed to pay $250 million to settle claims related to the ensuing spill. Cameron, based in Houston, designed and manufactured the so-called blowout preventer on the rig, which failed to stop the oil from spilling. The settlement, which is BP’s fourth so far with companies that worked on some parts of the well, was not an admission of liability...