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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
05/01/201513:00:03Oil-Field Services To Bear the Brunt of Price Collapse
05/01/201510:47:42Big Oil Earnings Show Why Diversification Is King
04/30/201508:56:04BP: Production Starts at Kizomba Satellites Development, Angola
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201516:31:02BP Earnings: Oil Crash Takes Its Toll, but Dividend Is Secure
04/29/201509:28:51BP plc's Underperform Rating Reiterated at Credit Suisse Group...
04/29/201509:28:49Barclays Reiterates Overweight Rating for BP plc (BP)
04/29/201509:19:22BP plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (BP)
04/29/201509:19:19Canaccord Genuity Reaffirms Hold Rating for BP plc (BP)
04/29/201507:59:07Eni First-Quarter Profit Falls 46% -- 2nd Update
04/29/201505:04:35Eni 1Q Profit Falls -- Update

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