BP Plan for Gulf Drilling is Approved

- October 21st, 2011

NY Times reported that the Obama government is one step closer to approving BP (NYSE:BP) to make its return to the Gulf of Mexico after the Deepwater Horizon oil spill one year ago.

NY Times reported that the Obama government is one step closer to approving BP (NYSE:BP) to make its return to the Gulf of Mexico after the Deepwater Horizon oil spill one year ago.

As quoted in the market news:

The decision came only a week after the administration announced that the company would be permitted to bid on new oil leases in the gulf in a December lease auction, the first scheduled since the disaster.

Click here to read the full NY Times report

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