BP Poised To Snag 1st Post-Ban Drilling Leases In Gulf

Law360, New York (March 19, 2014, 6:55 PM EDT) -- Now freed from a 16-month federal contracting ban, BP PLC is poised to snag its first leases to drill for crude and natural gas in the Gulf of Mexico since its massive 2010 oil spill, which federal officials have called the worst environmental disaster in U.S. history.

BP Exploration & Production Inc. placed fourth among the top 10 companies submitting the largest number of high bids for oil and gas leases in the Gulf of Mexico in the latest auction for rights to drill in federal...
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