Arab Today, arab today bp gets 250mn from gulf of mexico subcontractor
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

BP gets $250mn from Gulf of Mexico subcontractor

Arab Today, arab today

Arab Today, arab today BP gets $250mn from Gulf of Mexico subcontractor

London - AFP

British energy giant BP said on Friday it will receive $250 million (192 million euros) from a subcontractor on the Gulf of Mexico oil well which blew out last year, using the money to cover its massive clean-up costs. BP said it reached agreement with Cameron International Corp., the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between them over the accident and spill. Both parties \"concluded that the settlement is in their mutual best interests and the agreement is not an admission of liability by either party,\" it said. An explosion on the Deepwater Horizon rig on April 20, 2010, killed 11 people while the well gushed oil into the ocean for 87 days, blackening the southern US shoreline and crippling the local tourism and fishing sectors. BP said it will add the $250 million to the $20 billion trust it has set up to meet \"individual, business and government claims, as well as the cost of the natural resource damages.\" \"Today\'s settlement allows BP and Cameron to put our legal issues behind us and move forward to improve drilling in the safety industry,\" Bob Dudley, BP group chief executive, said. \"Cameron is the fourth company to settle with BP and contribute to economic and environmental restoration efforts in the Gulf. Unfortunately, other companies persist in refusing to accept responsibility for their roles in the accident and for contributing to restoration efforts.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp gets 250mn from gulf of mexico subcontractor Arab Today, arab today bp gets 250mn from gulf of mexico subcontractor

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp gets 250mn from gulf of mexico subcontractor Arab Today, arab today bp gets 250mn from gulf of mexico subcontractor

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday