Cameron settles with BP on oil spill claims
http://dervishcom.blogspot.com/2011/12/cameron-settles-with-bp-on-oil-spill.html
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, and BP said it would put the money into the $20 billion escrow fund to settle claims related to the disaster.
Cameron said its insurers would pay $170 million of the $250 million sum. BP would indemnify Cameron from claims related to the Oil Pollution Act and environmental damage, but not against fines, penalties or certain other types of claims.
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Source: http://feeds.washingtonpost.com/click.phdo?i=c06473f578f4feb6957d8f0ac32e28bb
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