BP production falls in Q3 as Alaska losses bite
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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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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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ConocoPhillips  on Tuesday said third-quarter crude oil and natural gas production will be 7 percent lower than levels in the previous quarter due to scheduled maintenance in the North Sea and Alaska, as well as normal seasonal declines.
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday  thanks to high oil prices, but analysts said higher capital  expenditure plans raised some concerns about the extent of  future share buybacks.
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Oil prices rose to near $63 a barrel   on Friday, after BP Plc shut in output at an oil field in   Alaska and OPEC members Nigeria and Venezuela pledged to cut   production.
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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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LONDON, Feb. 6  â BP said Tuesday that its fourth-quarter profit fell 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending.
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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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Oil prices fell 3.5% to a three-month low yesterday as mild winter weather sapped demand in the US Northeast, the world&#39;s largest heating oil market.
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HOUSTON -- Oilfield services giant Halliburton Co. on Tuesday swung to a loss in the third quarter ended Sept. 30, hurt by hefty charges from discontinued operations related to the settlement of asbestos and silica claims.
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BP PLC reported a 29 percent slump in third-quarter net profit on Tuesday due to higher maintenance costs and outages at key refineries, but some analysts said the worst might be over after a run of operational problems at Europe's second-largest oil company.
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Schlumberger Ltd. , the world's largest oilfield services company, on Friday posted a third-quarter profit but weakness in the U.S. Gulf of Mexico and a pullback in its Russian operations weighed on shares.
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After months of soaring crude oil prices, BP, the world&#39;s second-biggest publicly traded oil company, reported a 43 percent rise in third-quarter profit on Tuesday and forecast
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Oil giant BP sees its latest profits slump 45%, hit by a slowdown in production and refinery problems.
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Declining oil prices and mounting safety spending sent BP PLC's fourth-quarter profit down 22 percent to a two-year low, the oil company said Tuesday.