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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
03/30/201523:09:50Seadrill And Seadrill Partners: BP Is Terminating The Firm Contract...
03/30/201518:35:49Ensco drilling contract cut short
03/30/201511:20:08BP Terminates Seadrill Partners Rig Contract
03/30/201510:53:22BP Terminates Seadrill Partners Rig Contract
03/30/201509:33:29Investment Potential Of Top 10 U.S. Natural Gas Producers
03/30/201509:14:43BP axes drilling rig contract with Seadrill
03/30/201507:43:54India turns down BP's request to market jet fuel
03/29/201515:46:34Here's How A Proxy War In Yemen Could Impact North American Refiners
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03/28/201511:50:023 Oil Stocks Wall Street Is Wrong About
03/27/201511:49:28LONDON MARKETS: FTSE 100 Faces Weekly Loss As Miners Lead A Decline
03/27/201508:17:26LONDON MARKETS: FTSE 100 Faces Weekly Loss As Miners Lead A Decline
03/27/201505:28:08LONDON MARKETS: FTSE 100 Faces Weekly Loss As Miners Lead A Decline
03/26/201521:29:05Building A Better (Balanced) Dividend Growth Portfolio
03/26/201513:11:19LONDON MARKETS: FTSE 100 Sinks For Third Session Amid Global...
03/26/201509:59:07LONDON MARKETS: FTSE 100 Falls For Third Session Amid Global...
03/26/201507:31:37The United States Shale Boom: The Reasoning For The Low Price...
03/26/201505:16:40LONDON MARKETS: FTSE 100 Falls For Third Session Amid Global...
03/25/201518:36:27BP sees TANAP gas pipeline project deal within two months

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