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UK Backs BP Over 'Excessive' US Ban on Contract Deals -- Report

The U.K. government is backing BP PLC (BP) in the dispute over the oil company's future in the U.S., calling the ban that stops it from winning federal contracts "excessive," reports the Financial Times Wednesday. BP has been barred from U.S. government contracts since the Deepwater Horizon disaster in 2010 but the paper quotes the U.K. as saying in a filing to court that the ban "affects jobs and pensions of workers in the United Kingdom, the United States, and elsewhere." The U.K. has previously made behind the scenes intervention. The FT says the move threatens to escalate the issue from a dispute involving a private company to a transatlantic diplomatic row, although Downing Street officials said the intervention was made on purely business grounds. Full story: Write to London bureau at

Stock News for Bp (BP)
10/27/201606:59:00Big Oil Companies Reap Windfall From Ethanol Rules
10/26/201607:47:00Genel Energy Shares Fall 10% After Warning on Output -- Update
10/26/201605:59:00Oil Companies Shift Exploration Tactics, Curb Spending
10/24/201609:31:00CORRECTION: BP plc 3Q 2016 -- Forecast
10/21/201609:54:00BP plc 3Q 2016 -- Forecast
10/13/201615:21:00Egypt Presses Oil Companies for More Time to Pay for Fuel...
10/11/201605:50:00BP Buries Plan to Dig in Great Australian Bight
10/11/201603:44:00BP Buries Plan to Dig in Great Australian Bight
10/10/201623:15:00BP Drops Plans to Explore for Oil in Great Australian Bight
10/05/201613:20:00BHP to Expand Oil, Gas Efforts
10/04/201611:40:00BP to Buy Eni Coral South LNG Project Production
10/04/201610:52:00BP's Whiting Refinery Undergoing Maintenance -- Source
10/03/201614:26:00BP Monitoring North Sea Oil Spill -- 3rd Update
10/03/201613:10:00BP Monitoring North Sea Oil Spill -- 2nd Update
10/03/201609:18:00BP Monitoring North Sea Oil Spill -- Update
10/03/201609:10:00BP Monitoring North Sea Oil Spill
10/03/201609:01:00BP Monitoring North Sea Oil Spill
10/02/201623:20:00Miss Peregrine' Is No. 1 as 'Deepwater Holizon' Underwhelms
10/02/201621:40:00BP Shuts North Sea Platform After Oil Leak
10/02/201616:07:00BP Shuts North Sea Platform After Oil Leak

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