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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
11/26/201418:34:48Iranian Oil Minister Meets With BP, Total and Lukoil
11/26/201418:29:40LONDON MARKETS: Thomas Cook Shares Slammed In London; GDP Growth...
11/25/201415:57:20LONDON MARKETS: Oil Stocks Slump As Concerns Over OPEC Production...
11/14/201412:29:06EUROPE MARKETS: European Stocks Slip; Eurozone Data Highlight...
11/14/201411:02:22LONDON MARKETS: Tesco Gains After Upgrade, But Miners Fall In...
11/14/201407:50:41EUROPE MARKETS: Oil Stocks Fall In Europe; Eurozone Data Highlight...
11/14/201405:01:22MARKET SNAPSHOT: London Stock Exchange Boosts FTSE 100; SABMiller...
11/14/201404:45:52LONDON MARKETS: Tesco Gains After Upgrade, But Resource Shares...
11/13/201412:55:50EUROPE MARKETS: Oil Shares Drop In Europe As Brent Falls Below...
11/10/201412:26:10Saudi Aramco, BP Say Oil Slump Won't Hit Investment Plans--Update
11/07/201412:25:39LONDON MARKETS: Miners, Oil Stocks Lead FTSE 100 To Third Day...
11/05/201412:26:41LONDON MARKETS: M&S Leads FTSE To First Gain In Three Days
11/04/201412:49:19EUROPE MARKETS: Stoxx 600 Sharply Lower After EU Cuts Growth...
11/04/201412:47:50LONDON MARKETS: FTSE Hobbled By Oil Firms, Eurozone Growth Concerns
11/04/201410:43:59European Energy Companies Weighed by Falling Oil
11/04/201410:16:44LONDON MARKETS: FTSE Bruised By Oil Firms, Eurozone Growth Concerns
11/04/201408:45:13LONDON MARKETS: FTSE Shakes Off Oil-firm Losses; Tobacco Firms...
11/03/201412:15:16LONDON MARKETS: FTSE 100 Breaks Four-day Winning Streak
10/30/201421:09:37Apple CEO Says He's 'Proud to Be Gay'
10/29/201418:49:23ADR Shares End Mixed; Sanofi, Banco Bilbao Vizcaya Argentaria...

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