BP eyes Prudhoe restart, exec refuses to testify
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BP BP.L told U.S. lawmakers on   Thursday that it could restart its giant oil field in Alaska by   the end of October after rusty pipelines forced part of the   field shut last month, though a former senior BP manager in   Alaska refused to testify about the pipeline corrosion.
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Energy company BP has reported weak crude production in the third quarter following the partial shutdown of Prudhoe Bay -- the largest oil field in the United States.
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SAN FRANCISCO -- Hewlett-Packard Co.'s board of directors adjourned an emergency phone conference yesterday without announcing a decision on the fate of embattled chairwoman Patricia Dunn, who is facing calls to resign or be fired for ordering an investigation that may have used illegal means to spy on colleagues and journalists.
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BP says it expects to restart on Monday Alaskan oil production that has been halted due to a spill.
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Alaska Governor Frank  Murkowski on Wednesday suggested that BP Plc misled the state  with satisfactory maintenance reports and launched an  investigation into the oil giant's handling of its pipeline  corrosion.
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BP  on Friday said it will  keep the western half of its Prudhoe Bay oil field online,  allowing it to keep about half the field's capacity operational  despite pipeline corrosion that caused a shutdown of the other  half of the field.
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WASHINGTON  - A former Fannie Mae employee whogave U.S. regulators information about alleged accountingirregularities will not testify as planned before acongressional hearing next week, the committee said Friday.
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The U.S. Justice Department is  expected to seek indictments of up to four former BP Plc   traders as early as Thursday, the Wall Street Journal reported  in its online edition on Wednesday.
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The former chairman of oil group Royal Dutch/Shell today challenged the City watchdog over its findings on the companyâs oil reserves scandal.
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ANCHORAGE, Alaska  - BP Plc  has submitted a revised plan for preventing and responding to spills at the Prudhoe Bay oil field following pipeline corrosion problems and oil spills earlier this year, a state official said on Monday.
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Investigators in the U.S. Congress  have found "significant problems" with the way BP Plc.  maintained its Prudhoe Bay facility in Alaska, sources close to  the inquiry said, setting the stage for a heated hearing on  Thursday into corrosion that threatened to shut down the  biggest U.S. oil field.
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HP Chairman Patricia Dunn said on  Friday she had no idea private investigators hired by the  company had used questionable tactics to probe a boardroom  leak, and said she did not plan to resign but would do so if  asked by her board.
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The head of the House Energy and   Commerce Committee chided BP Plc. BP.L executives on Thursday   for overlooking corrosion that threatened to shut down the   giant Prudhoe Bay oil field in Alaska, calling the UK-based   energy giant's policies "as rusty as its pipelines."
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Oil giant BP Plc has denied misleading a   U.S. environmental regulator about having installed safety   equipment at its Texas City refinery that investigators believe   would have reduced the likelihood of a fatal explosion last   year.
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Oil producer BP Plc   began shutting down on Sunday the biggest oilfield in the  United States, Alaska's Prudhoe Bay, after discovering a small  pipeline leak, cutting output by 400,000 barrels daily and  sending oil prices up nearly 2 percent.
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Oil major BP Plc  said on  Thursday it will delay to next week its decision on whether to  completely shut down the western portion of its 400,000 barrels  per day Prudhoe Bay oil field.
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Oil prices slumped as much as 1  percent on Monday after BP said it would keep half its Prudhoe  Bay oilfield pumping while it carries out pipeline repairs and  the United Nations brokered a truce in the Middle East.