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BP has agreed to pay Cameron International $250 million over the Deepwater Horizon explosion which killed 11 workers and triggered the 2010 Gulf oil spill.
Cameron designed and made the failed blow-out preventer. The agreement is not an admission of liability by either company. The money will be deposited into BP’s $20 billion trust for victims of the disaster.
BP says Cameron is the fourth company to settle with it, along with MOEX, Anadarko and Weatherford.
Legal disputes remain with Deepwater Horizon owner Transocean and Halliburton, which conducted the cementing job of the Macondo well.
BP accuses Halliburton of intentionally destroying cement test results. Halliburton accuses BP of fraud and defamation. A February trial is scheduled between both companies.
Source: BBC
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