BP to Get $250 Million in Gulf of Mexico Oil Spill Settlement - NYTimes.com: "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 the ensuing spill.
Cameron, based in Houston, designed and manufactured the so-called blowout preventer on the drilling 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 by either party, BP said."
BP and others in the industry pressed to cut safety testing. Design defect issues are discussed in this article from the Christian Science Monitor.
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