Most Active Stories
- Equality in Alabama? Same-Sex Marriage Reactions
- Alabama Universities Receive Accreditation Warning
- Same-Sex Marriage couples having trouble getting marriage licenses, Veteran honored in Sylacauga
- Alabama's Reaction to U.S. Supreme Court's ruling on Same Sex Marriage, Child Care sickness suits
- Tama the Stationmaster Cat
Fri March 14, 2014
BP Allowed To Seek Oil Leases In The Gulf Of Mexico
Originally published on Fri March 14, 2014 10:27 am
RENEE MONTAGNE, HOST:
NPR's business news starts with BP doing business in the Gulf.
(SOUNDBITE OF MUSIC)
MONTAGNE: The petroleum company is once again allowed to seek oil leases in the Gulf of Mexico. The Environmental Protection Agency yesterday lifted a ban that kept BP from bidding on new federal contracts. The suspension had been in effect since 2012, when regulators determined that BP had not corrected problems that led to the Deepwater Horizon oil spill two years before.
Under an EPA agreement, the oil giant can start bidding on new contracts as early as next week. BP currently operates 10 rigs and owns 620 lease blocks in the deepwater areas of the Gulf of Mexico - more than any other company. Transcript provided by NPR, Copyright NPR.