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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
07/19/201605:18:00North Sea Oil Firms Buoyed by Brexit
07/15/201603:03:00BP's Gulf-Spill Tab Hits $62 Billion -- WSJ
07/14/201617:49:00BP Estimates Remaining Material Deepwater Liabilities -- 4th...
07/14/201617:28:00BP Estimates Remaining Material Deepwater Liabilities -- 3rd...
07/14/201615:53:00BP Estimates Remaining Material Deepwater Liabilities -- 2nd...
07/14/201615:09:00BP Estimates Remaining Material Deepwater Liabilities -- Update
07/14/201614:10:00BP Estimates Remaining Material Deepwater Liabilities
07/14/201614:04:00BP Estimates Remaining Material Deepwater Liabilities
07/14/201613:30:00Pan American Energy to Invest $1.4 Billon in Argentina
07/06/201603:03:00Battered Oil Companies Ready to Spend Again -- WSJ
07/05/201617:34:00Big Oil Finding Money for Biggest Projects -- 3rd Update
07/05/201611:05:00Big Oil Finding Money for Biggest Projects -- Second Update
07/05/201607:42:00Chevron, Exxon to Put $36.8 Billion More Into Kazakh Oil Project...
06/28/201611:50:00Two Explosions Rock Mississippi Natural Gas Plant
06/20/201605:35:00BP Sanctions Fast-Track Development of Atoll Discovery in Egypt
06/17/201606:08:00BP and Rosneft Create Joint Venture to Explore for Oil in East...
06/15/201608:50:00European Corporations Urge U.K. to Remain in EU
06/11/201603:04:00BP to Spin Off Norwegian Oil, Gas Fields -- WSJ
06/10/201611:45:00CHC Helicopter Grounded On BP Oil Field in the North Sea
06/10/201610:51:00BP, Det Norske Plan Listed Joint Venture -- Update

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