Cameron International Corp. (CAM) is working with its customers to meet new regulations that have emerged in the wake of the Deepwater Horizon incident, Jack B. Moore, the company's chief executive, said Wednesday.

"We have to be committed to moving forward as quickly as possible," Moore said during a conference call to discuss the company's second-quarter earnings.

The oil-and-gas pressure-control equipment maker said that the deepwater energy industry will change as a result of the accident and the industry will face more scrutiny and tighter regulations following the explosion aboard the Deepwater Horizon, which led to a massive oil spill in the U.S. Gulf of Mexico. The U.S. government is requiring more safety systems on offshore drilling rigs.

Cameron built the Deepwater Horizon's blowout preventer, a critical safety device that failed to shut down the well.

The company has been assisting with efforts to control the well, Moore said.

Shares of Cameron were up 0.5% to $39.84 in early trading Wednesday.

-By Jason Womack, Dow Jones Newswires; 713-547-9201; jason.womack@dowjones.com
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