U.S. Lets BP Drill in Gulf Again

YOU AGAIN

Updated Apr. 14, 2017 4:39PM EDT / Published Mar. 14, 2014 7:30AM EDT

Maxim Shemetov/Reuters

The ban on bidding for U.S. government contracts imposed on BP in the aftermath of the 2010 Gulf of Mexico oil spill has been lifted. The move comes after the company agreed to a raft of safety, operations, and compliance requirements and said it would drop its lawsuit against the EPA. "Today's agreement will allow America's largest energy investor to compete again for federal contracts and leases," said BP America Chairman John Minge in a statement. The UK government had stepped in to vouch for the company back in December, calling the ban "excessive" and "destabilizing."

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U.S. Lets BP Drill in Gulf Again

Maxim Shemetov/Reuters