BP to restart 10,000 bpd Alaska oil output Monday
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BP Plc expects to restart on Monday 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil field, halted June 18 for a pipe leak, a BP spokesman said.
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British energy giant BP has ended one of its most difficult years on a high after announcing Tuesday that it has begun production at the deepwater Atlantis oil and gas field in the Gulf of Mexico.
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Oil giant BP is planning to review its global operations in response to last year's Texas refinery blast, a report says.
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Following the latest in a series of major setbacks in the United States the oil giant BP said last week it planned to embark on a major review of its global operations.
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Saudi Arabia will increase oil production capacity to 11 million barrels per day (bpd) in a bid to curb soaring prices, Oil Minister Ali al-Nuaimi has said.
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The U.S. government on Thursday said  BP Plc  could continue to pump oil from the western half  of its giant Prudhoe Bay field in Alaska, although the oil  major reiterated it would decide only next week whether to do  so.
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A complete shutdown of BP Plc.'s   giant Prudhoe Bay field may not be necessary, and global  crude supplies look sufficient to hold U.S. refiners over while  BP fixes a leaky pipeline, U.S. Energy Secretary Sam Bodman  said on Tuesday.
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Oil prices rose 0.85 percent on Tuesday after bad weather forced a loading halt at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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Delays to the restart of a crude unit at BP Plc's  Texas City, Texas, refinery will cause the major to miss its goal of raising crude oil processing rates at the refinery to 400,000 barrels per day by the end of 2007, a source familiar with refinery operations said Monday.
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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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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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Oil rose on Thursday after OPEC officials said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices.
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BP, the worldâs second-biggest oil company, said production over the third quarter would be about 3.88 million barrels a day. That was an 11 per cent rise on the same period the year before and was helped
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Major Gulf producer Kuwait will back a hike of 1 million barrels per day in OPEC&#39;s output ceiling if oil prices stay at record levels, a move that
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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  - About 150 people were ready  to begin cleaning up an oil spill threatening endangered  animals on Sunday, four days after a ship broke apart and six  people died in a helicopter rescue attempt.
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VIENNA - The Organization of Petroleum Exporting Countries agreed Wednesday to boost its current daily crude oil production quota by 1 million barrels to 27 million barrels from Nov 1 to try to stabilize recently high-flying crude oil prices.