BP's (BP -1.4%) suspension from new U.S. government contracts due to the 2010 Gulf of Mexico oil...

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

BP's (BP -1.4%) suspension from new U.S. government contracts due to the 2010 Gulf of Mexico oil spill, though temporary, could have wide implications for its U.S. operations. The move could lead to the cancellation of lucrative fuel contracts BP gets from the Department of Defense and complicate BP's efforts to acquire new leases to drill on federal lands or waters.