Alaskan woes knock BP output
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Oil giant BP sees production levels fall in the third quarter of 2006 after problems at its Prudhoe Bay site in Alaska.
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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 Plc  expects its oil and gas production to have fallen 0.6 percent in the third quarter as losses at its Alaska operations and sales of oil fields outweighed gains from new start-ups and a benign hurricane season.
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Energy giant BP has said it was shutting down America's biggest oil field after an ageing Alaskan pipeline sprang a leak, sending crude prices shooting up on world markets.
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U.S. crude surged $2 to above $76 a  barrel on Monday as BP began shutting an Alaskan field that  pumps 8 percent of U.S. oil and anxiety over the Middle East,  supplier of almost a third of the world's oil, ran high.
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ANCHORAGE, Alaska  - About 150 people have been  sent to an Aleutian island to try to clean up fuel oil  streaming from a wrecked cargo ship, but harsh weather has kept  most from the spill site, federal and stated officials said on  Saturday.
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Oil company BP has indefinitely shut down the nation's biggest oilfield after finding a pipeline leak, removing about 8 percent of U.S. oil production and stoking fears that already high gas prices will shoot up further.
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Oil major BP&#39;s BP.L oil and gas production has risen 11 percent in the third quarter from a year earlier, with sharply rising Russian output counteracting falls elsewhere, as oil prices soared to new highs.
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Oil major BP Plc  is studying  ways to avoid a complete shutdown of its Prudhoe Bay oil field  in Alaska by using other pipelines to bypass the oil transit  pipelines it is shutting down following the discovery of  significant corrosion on one transit line over the weekend, a  BP Alaska spokesman said.
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Fuel oil was pouring out of a Malaysian-flagged cargo vessel that grounded off an Aleutian island and split into two nearly equal pieces, threatening a sensitive area of marine habitat, officials said on Thursday.
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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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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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ConocoPhillips said on Tuesday it expected that third-quarter oil and gas production fell about 5 percent from the second quarter, due in large part to problems at its Prudhoe Bay field in Alaska.
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Oil prices climbed near $60 a barrel on Tuesday after bad weather disrupted loadings at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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THOUSANDS of gallons of heavy-duty oil were pouring from a grounded cargo ship off the Alaska coast last night in a disaster that appears to have claimed six lives and threatens an environmental catastrophe.
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Coast Guard officials Monday said an oil and fuel spill from a freighter that broke in two when it ran aground off Alaska&#39;s coast probably amounted to thousands of gallons less than had been feared.
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Oil major BP Plc  has shut down  10,000 barrels per day of oil production at its giant Prudhoe  Bay oil field in Alaska after discovering a leaking flow line,  the Anchorage Daily News reported on Saturday.