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Cameron Won't Face Punitive Damages in Deepwater Horizon Spill Trial

Cameron International Corp. (CAM) won't face punitive damages stemming from the 2010 Deepwater Horizon explosion, a federal judge in New Orleans ruled Wednesday.Cameron manufactured the blowout preventer that was connected to the Deepwater Horizon rig when it exploded in 2010, leading to 11 deaths and the worst offshore oil spill in U.S. history. The blowout preventer, a tall stack of valves that is intended to seal off an out of control well, failed to stop the explosion.Judge Carl Barbier, a federal judge in the Eastern District of New Orleans, granted Cameron's motion for judgment denying the plaintiffs' claims for punitive damages against the company. The civil trial, which began last month, wraps together hundreds of civil claims and cross-claims made against BP PLC (BP, BP.LN), Transocean Ltd. (RIGN.VX, RIG), Halliburton Co. (HAL), and other companies and businesses, the Gulf Coast states, and the Justice Department. In the first phase, Judge Barbier will determine the degree of ...

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  2. Halliburton sues BP for defamation over Gulf spill

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  4. BP, Firms Did Not Cut Safety Over Money: Panel

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  5. U.S. to Unveil New Drilling Rules by Thursday

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  6. US govt to unveil new drilling rules by Thursday

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  7. How To Operate an Oil Rig

    A Hercules oil rig driller demonstrates how to operate a blowout preventer .

  8. ANALYSIS-US offshore drilling delays may persist after ban

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  9. New US safety rules delay shallow water drilling

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  10. BP blames contractors for US oil spill

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  11. BP PLC SAYS "NO INDICATION" TRANSOCEAN LTD TEST

    BP PLC < BP .L> SAYS "NO INDICATION" TRANSOCEAN LTD <RIG.N> TESTED AUTOMATIC SHUT OFF FUNCTION ON BLOWOUT PREVENTER PRIORTO USE ON DEEPWATER HORIZON RIG

  12. BP shifts U.S. oil spill blame onto contractors

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  1. Apache Prevents Blowout in Gulf Well

    Apache Corp. (APA) has detected an underground flow of natural gas at the site of a shallow-water exploratory well in the U.S. Gulf of Mexico, the company and U.S. r...

  2. Apache Prevents Blowout in Gulf Well -U.S. Regulators

    U.S. regulators said Apache Corp. (APA) detected an underground flow of natural gas after it managed to contain a blowout at an exploratory well it was drilling in t...

  3. Two BP employees unfairly targeted, their lawyers say

    Lawyers for two BP Plc employees who were charged with manslaughter on Thursday in the Deepwater Horizon disaster said the U.S. government had unfairly targeted thei...

  4. Timeline: Gulf of Mexico oil spill

    Here is a look at BP since the Gulf of Mexico oil spill in 2010, as the company faces paying a record U.S. criminal penalty under a plea bargain deal, sources say:Ap...

  5. ConocoPhillips Resumes Natural Gas Drilling Off Australia

    A natural gas exploration and appraisal campaign offshore northern Australia led by ConocoPhillips (COP) is back on track after technical problems with well safety e...

  6. US Chemical Safety Board: Offshore Drillers Focus on Wrong Safety Data

    A federal safety agency has determined that the offshore-drilling industry is relying on the wrong data in its quest to prevent major accidents like the 2010 Deepwat...

  7. BP Unlikely To Return To Bumper Dividend Despite Gulf Settlement - Source

    BP PLC (BP.LN) expects to keep raising its dividend as the company's fortunes improve, but the U.K. oil major is unlikely to return to paying shareholders the large ...

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