Weatherford International, Ltd. has reached an agreement with BP to settle any claims that may have arisen between the companies relating to the Deepwater Horizon incident and oil spill. Under the settlement, BP will indemnify Weatherford for current and future compensatory claims resulting from the incident and the impacts from that event.

Marine Well Containment Company (MWCC) announced that its capping stack has met the requirements for containment operations in water depths up to 10,000 feet, which is an increase from the previous water depths of up to 8,000 feet.

Bristow Group Inc. announced that Jonathan E. Baliff has been appointed senior vice president and chief financial officer, starting October 11.

Lufkin Industries, Inc. announced that Brian J. Gifford has been named vice president of human resources for the company.

Weatherford International Ltd. announced that two of its subsidiaries, Weatherford International Ltd., a Bermuda exempted company, and Weatherford International, Inc., a Delaware corporation, commenced cash tender offers for up to $700 million aggregate principal amount of specified series of their outstanding senior debt.

Halliburton closed the acquisition of Boots & Coots, Inc. The merger combines Halliburton’s coiled tubing and hydraulic workover operations with Boots & Coots’ well intervention services.

Stewart & Stevenson LLC announced the appointment of John B. Simmons as chief financial officer and as a director of the company.