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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
03/06/201505:49:10BP Signs Final Agreements for $12 Billion West Nile Delta Gas...
03/03/201517:58:53BP CEO's Total Compensation Rose to More Than $15 Million
03/03/201517:58:17BP: CEO Dudley Total Compensation Rose to More Than $15 Million...
03/03/201517:58:05Egypt to Pay Back Its Oil-Company Debt by Mid-2016 - Minister
03/03/201512:59:11Jeff Immelt's Crude Problem
03/03/201501:10:10Chevron's Gorgon Gas Expansion Proposal Cleared
03/02/201520:26:27Ohio Sues BP For More Than $33 Million
03/02/201515:26:17RWE, Mikhail Fridman Group Close $5.7 billion Oil-and-Gas Deal--2nd...
03/02/201513:03:08LONDON MARKETS: Tullow Oil, Mining Shares Put Pressure On FTSE...
02/23/201505:45:20SeaEnergy: BP Atlantis Contract Accelerated for R2S

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