ConocoPhillips sees lower Q3 output on Prudhoe Bay
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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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WASHINGTON -- Oil prices finished slightly above $70 a barrel yesterday as traders eyed the nuclear dispute between Iran and the West and after BP PLC officials said the company's Prudhoe Bay output could be restored earlier than expected.
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PRUDHOE BAY, Alaska, Aug. 31 -- BP officials are increasingly optimistic that Prudhoe Bay oil production may return to normal levels earlier than they initially expected. A portion of the pipeline idled by corrosion concerns may be useable at least temporarily, they said, while other questionable...
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Crude oil fell to a three-month low on speculation that warm weather and increased refinery production have bolstered US heating-oil stockpiles.
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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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US oil giant ConocoPhillips says the cost of quitting operations in Venezuela led to a 95% drop in quarterly profits.
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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.
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TOKYO: The Bank of Japan downgraded its assessment of production in a monthly report yesterday, saying there were some weak movements in output due to inventory adjustments in information technology-related sectors.
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ConocoPhillips COP.N, the No. 3 U.S.  oil company, on Wednesday reported a sharp rise in quarterly  profit, as soaring oil and gas prices offset the impact of  reduced gains on asset sales and lower volumes.
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London Brent crude slid below $58 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Business & money: Chief executive Tony Hayward warns Q3 results will be 'dreadful'.
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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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NEW YORK : Crude oil prices showed a modest decline as fears that Hurricane Frances would disrupt US offshore oil production eased, analysts said.
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BP Plc BP.L will be able to restart   105,000 barrels per day of oil production from the eastern side   of Prudhoe Bay within "a few weeks" after Alaska regulators   approved on Friday the oil major's plan to connect the field to   the nearby Endicott pipeline.
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The move threatens to slow the development of the largest oil find in the world in three decades.
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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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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.