BP gains first energy contract from Pentagon since lifting of sanctions

|About: BP p.l.c. (BP)|By:, SA News Editor

BP has won its first new energy contract from the Pentagon since the lifting of U.S. government sanctions imposed after the 2010 Gulf of Mexico oil spill, a $43M natural gas deal awarded late Friday by the Defense Logistics Agency.

BP had regularly been among the Pentagon's top three energy suppliers by value before the Deepwater Horizon rig explosion and spill, but it secured just $30M in follow-on business in FY 2013 after having been awarded $2.5B in new work the previous year.

BP beat two rival bids to win the natural gas supply deal, but it didn't say whether it previously had bid for other Pentagon contracts since the EPA lifted its injunction in March.