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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 [email protected]

Stock News for Bp (BP)
DateTimeHeadline
01/17/201717:47:00ADRs End Lower; Infosys Falls
01/17/201714:01:00Correction to BP CEO Story on Recent Deals
01/17/201707:25:00BP CEO: Recent Deals Reflect Disciplined Investment Strategy
01/17/201707:00:00Rex Energy Announces Two-Year Financial and Operational Plan...
01/09/201700:29:00Politico Veteran's News Venture Axios Aims to Fix Advertising
01/04/201709:57:00Nigeria Awards 39 Crude-Oil Term Contracts for 2017
12/29/201605:17:00BP Enters 20-Year LNG Supply Pact With Thailand's PTT
12/28/201603:02:00Business Watch -- WSJ
12/27/201616:58:00BP Agrees to Buy Woolworths Fuels Business for $1.29 Billion
12/22/201618:28:00ADRs End Lower
12/21/201617:22:00BP Repairing Unit at Whiting, Ind., Refinery -- Source
12/20/201603:02:00BP Ramps Up Deal Making -- WSJ
12/19/201612:25:00BP Eyes Growth with String of Oil, Gas Deals
12/17/201607:53:00Correction to BP Strikes UAE Oil Fields Deal story
12/17/201607:25:00BP Strikes $1.8 Billion Deal for 10% Stake in UAE Oil Fields
12/13/201611:20:00BP Internal Report Reveals Near-Miss Accidents
12/13/201611:11:00BP Internal Report Reveals Near-Miss Accidents
12/12/201607:40:00Eni to Sell Egyptian Gas-Field Stake to Rosneft
12/08/201603:02:00Russia Sells a Stake in Oil Giant -- WSJ
12/07/201619:01:00Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar...

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