U.S. lifts ban blocking BP from new government contracts
As part of the agreement, BP (BP..LO)agreed to a set of safety, ethical and corporate governance requirements.
The company was barred from entering into new contracts with the federal government, including offshore drilling leases, in response to the company's role in the massive 2010 BP oil spill.
(Reporting by Ayesha Rascoe; Editing by Steve Orlofsky)