3/21/2013

BP didn't participate in the federal government's energy lease sale covering tracts in the Gulf of Mexico Wednesday. The decision indicates that the company doesn't believe it can resolve a contract suspension within the time frame for the review of bids and the awarding of leases, some say. "We hope we can reach a reasonable resolution with regulators so that America's top energy investor over the past five years can once again enter into new contracts with the U.S. government," BP spokesman Geoff Morrell said.

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