Arab Today, arab today bp suspension does not affect existing contracts in us
Last Updated : GMT 19:52:21
Arab Today, arab today
Arab Today, arab today

BP: suspension does not affect existing contracts in US

Arab Today, arab today

Arab Today, arab today BP: suspension does not affect existing contracts in US

Houston - XINHUA

British oil giant BP said Wednesday the U.S. Environmental Protection Agency (EPA)\'s decision to temporarily suspend it from getting new contracts with the U.S. government only affects the company\'s future potential contracts and does not affect existing contracts it has with the U. S. government. The EPA announced Wednesday that BP has been temporarily suspended from getting new contracts with the federal government, a move that could put billions of dollars at stake, as a result of BP\'s devastating oil spill in the Gulf of Mexico in 2010. The EPA said in a statement that it is taking the action because of \"BP\'s lack of business integrity as demonstrated by the company\'s conduct with regard to the Deepwater Horizon blowout, explosion, oil spill, and response.\" The agency also cited the felony manslaughter and other charges filed against the company by the Justice Department on Nov. 15. \"The temporary suspension does not affect any existing contracts the company has with the U.S. government, including those relating to current and ongoing drilling and production operations in the Gulf of Mexico,\" BP said in a statement on Wednesday. The EPA\'s action is pursuant to administrative procedures providing for discretionary suspension until a company can demonstrate \"present responsibility\" to conduct business with the U.S. government, BP said. BP said in the statement that EPA has informed the company that it is preparing a proposed administrative agreement that, if agreed upon, would effectively resolve and lift the temporary suspension.\" The EPA notified BP that such a draft agreement would be available soon,\" BP said. The suspension will temporarily prevent BP and certain affiliates from getting new federal government contracts, grants or other covered transactions until the company can provide sufficient evidence to EPA demonstrating that it meets federal business standards, the EPA said. The EPA\'s move will affect at least some of BP\'s activity on the outer continental shelf, where it is among the largest oil and gas producers, according to analysts. Thought it was not immediately clear exactly how much money was at stake for BP, analysts said the EPA move could be a significant blow to BP, depending on how long the suspension lasts. BP entered a not-guilty plea in the federal court in New Orleans on Tuesday as a procedural move. A BP lawyer reiterated the company\'s plan to plead guilty at a later date as part of a 4. 5-billion-dollar settlement with the U.S. government.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp suspension does not affect existing contracts in us Arab Today, arab today bp suspension does not affect existing contracts in us

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp suspension does not affect existing contracts in us Arab Today, arab today bp suspension does not affect existing contracts in us

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday