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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: http://www.ft.com Write to London bureau at generaldesklondon@dowjones.com

Stock News for Bp (BP)
DateTimeHeadline
04/24/201411:34:29BP plc 1Q 2014 -- Forecast
04/22/201419:49:26BP to Sell Interests in Four Alaska Oil Fields -- Update
04/17/201413:30:11Former BP Employee to Settle Insider-Trading Allegations
04/14/201419:50:27Canadian Natural-Gas Producer Encana Plans IPO for Royalty Arm
04/14/201413:20:46LONDON MARKETS: FTSE 100 Turns Higher As Mining Stocks Strengthen
04/14/201411:00:08LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains
04/14/201406:04:56LONDON MARKETS: FTSE 100 Slides On Ukraine Tensions; Glencore...
04/09/201412:31:15EUROPE MARKETS: European Shares Rise With Auto Stocks Driving...
04/09/201411:21:14EUROPE MARKETS: European Shares Gain With Auto Stocks In High...
04/04/201412:38:13North Sea Crude Loadings to Drop During May Maintenance
03/31/201416:19:39Treasurys Pull Back in Final March Session
03/28/201413:25:59LONDON MARKETS: U.K. Stocks Rise For Second Week; Insurers Slide
03/28/201412:35:20LONDON MARKETS: U.K. Stocks Head For Weekly Rise; Insurers Slide
03/28/201412:24:08LONDON MARKETS: U.K. Stocks Decline As Insurers Drop On Probe...
03/28/201412:12:40EUROPE MARKETS: European Stocks Gain After Confidence Data
03/28/201406:14:19EUROPE MARKETS: European Stocks Gain, Reach For Weekly Increases
03/21/201413:25:14EUROPE MARKETS: European Stocks Log Weekly Gain; Consumer Mood...
03/20/201414:00:18EUROPE MARKETS: European Stocks Turn Higher After Improved U.S...
03/20/201413:58:55LONDON MARKETS: Oil Firms, GSK Push FTSE 100 To 0.5% Drop
03/20/201413:54:20LONDON MARKETS: Oil Firms, GSK Push FTSE 100 To Six-week Low

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