BP sees Alaska repairs costing $100 million: source
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Oil giant BP Plc  expects the  replacement of corroded pipelines at the Prudhoe Bay oil field  in Alaska to cost around $100 million, a company source said on  Thursday, but the total cost to BP will likely be several times  this figure.
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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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Oil giant BP is expected to get grilled by a House committee today for its failure to prevent a major Alaskan pipeline from getting crippled by corrosion.
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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 major BP on Thursday agreed to pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion, an Alaska oil spill and allegations it manipulated the propane market.
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Russian tax officials are reportedly asking for tax arrears of  $87.5m from oil firm TNK-BP, which is half-owned by UK oil giant BP.
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Halliburton said it would save between $80 million and $100 million each year by restructuring KBR.
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Oil major BP  on Thursday agreed to pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion, an Alaska oil spill and allegations it manipulated the propane market.
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ANCHORAGE, Alaska  - BP Plc. BP.L BP.N,   working to restore Prudhoe Bay crude oil output after a   two-month reduction, closed the adjacent Lisburne oil field in   Alaska on Thursday due to a methane gas leak, the company said   on Friday.
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Oil extended a week of losses to strike a  new five-month low under $67 on Friday after U.S. distillate  supplies rose sharply and BP said it might be able to restore  its Alaskan oilfield sooner than expected.
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Oil prices fell to their lowest level   in five months on Thursday, after energy giant BP said it could   bring its huge oil field in Prudhoe Bay, Alaska, back to full   production by the end of October.
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The head of the House Energy and  Commerce Committee chided BP Plc.  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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British energy giant BP was warned by outside engineers in 2001 over its pipelines in Alaska but intervened with state officials to dilute the findings, according to an activist.
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By Brian Neill, The Bradenton Herald, Fla.  Sep. 20--The source of a 900-gallon oil spill into Tampa Bay from Port Manatee discovered Monday has been traced to a roughly quarter-inch hole in a transfer pipe that had been leaking for more than a day.
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Oil prices surpassed $100 a barrel for the first time after a U.S. government report showed a steep slide in crude inventories.
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BP's  giant oil field in Alaska  could return to full production by January after the company  fixes pipeline corrosion that triggered multiple leaks on the  tundra, the U.S. government said Tuesday.
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Oil fell more than $1 to fresh   five-month lows Friday after rising U.S. fuel inventories and   the potentially early restoration of full output at BP's giant   Alaska oil field eased supply concerns.