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U.S. to Impose Sanctions on BP, Gulf Spill Contractors

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By Ayesha Rascoe WASHINGTON (Reuters) - The U.S. offshore drilling regulator on Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion on the Deepwater Horizon rig that killed 11 workers and spewed more than 4 million barrels of oil into the Gulf of Mexico.

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