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News Breaks November 28, 2012 12:38 EDT BP BP says working with EPA to demonstrate 'present responsibility' BP stated: "Today’s announcement by the US Environmental Protection Agency regarding BP’s temporary suspension relates only to future potential contracts with the US government. The temporary suspension does not affect any existing contracts the company has with the US government, including those relating to current and ongoing drilling and production operations in the Gulf of Mexico. 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 US government. BP has been in regular dialogue with the EPA and has already provided both a present responsibility statement of more than 100 pages and supplemental answers to the EPA's questions based on that submission. Moreover, in support of BP’s efforts to establish present responsibility, the US Department of Justice agreed, in the plea agreement, that it will advise any appropriate suspension or debarment authority that in the Department’s view, BP has accepted criminal responsibility for its conduct relating to the Deepwater Horizon blowout, explosion, oil spill and response. The EPA has informed BP that it is preparing a proposed administrative agreement that, if agreed upon, would effectively resolve and lift this temporary suspension. The EPA notified BP that such a draft agreement would be available soon." News For BP From The Last 14 Days Check below for free stories on BP the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 07:47 EDT BP Restrictions may force BP to surrender KG basin block, Economic Times reports Subscribe for More Information May 22, 2013 09:43 EDT BP BP plans to increase production, investment in Iraq, DJ reports Subscribe for More Information 07:49 EDT BP BP fights "unjustified" Gulf oil spill payments, FT reports Subscribe for More Information May 20, 2013 08:08 EDT BP EU to review fracking concerns, Reuters reports Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link 05:40 EDT BP U.S. oil futures rally as many commodities decline, WSJ reports Subscribe for More Information May 17, 2013 16:21 EDT BP On The Fly: Closing Wrap Subscribe for More Information 13:09 EDT BP Tesoro receives FTC clearance for purchase of BP refining, marketing business Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. May 16, 2013 14:46 EDT BP Tesoro may take over BP California assets as soon as June 1, Reuters says Subscribe for More Information 14:32 EDT BP Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1 Subscribe for More Information 07:11 EDT BP BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports Subscribe for More Information 06:08 EDT BP On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 08:38 EDT BP WTI crude falls for a fith consecutive day, Bloomberg reports Subscribe for More Information 05:55 EDT BP EU inspects firms in oil investigation, WSJ reports EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link May 14, 2013 11:08 EDT BP BP says involved in EC probe, cooperating with investigation, Bloomberg reports Subscribe for More Information 07:10 EDT BP IEA says North American oil will dominate world supply growth, WSJ reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.