BP Cuts $1.1 Billion Deal with MOEX to Trim Liability in Oil Spill Litigation

MOEX USA, which holds a 10 percent stake in the undersea well that soiled the Gulf of Mexico following the Deepwater Horizon explosion, has agreed to pay BP $1.1 billion in a deal designed to limit both companies’ exposure in the oil spill litigation.

By |2011-07-21T23:22:42+00:00July 21st, 2011|Uncategorized|Comments Off on BP Cuts $1.1 Billion Deal with MOEX to Trim Liability in Oil Spill Litigation