HOUSTON: The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.
Shares of BP traded in the United States rose about 1% to US$48.09 after the close of regular trading on the New York Stock Exchange, a sign investors were hopeful the company could now try to grow its US offshore operations.
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