U.S. suspends BP federal contractingEPA cites company’s criminal prosecution for Deepwater Horizon as basis for action; BP stresses suspension is temporary, limited Wesley Loy For Petroleum News
In yet more fallout from the Deepwater Horizon disaster, London-based BP has lost its ability to sign new contracts with the U.S. government.
Such contracts can range from oil and gas leases to fuel sales to the U.S. military, a significant business for BP.
The U.S. Environmental Protection Agency a....
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Suspension is ‘standard practice’ Existing contracts remain valid
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