GE Oil Deal Offers New Model to Prevent BP-Like Crude Spills

  • Diamond Offshore sells 8 blowout preventers for $210 million
  • First-of-its-kind deal seen adopted by others in industry

General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. 

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