BP shuts down largest US oil field after leak
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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. stock futures slipped on Monday,  indicating an opening loss for Wall Street, as oil jumped above  $77 a barrel after BP (.BP.L) began shutting down the biggest  oilfield in the United States.
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Energy company BP has reported weak crude production in the third quarter following the partial shutdown of Prudhoe Bay -- the largest oil field in the United States.
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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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British energy giant BP said Wednesday that it will cut more than 350 jobs at its North Sea operations in the face of lower output and soaring costs.
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World oil prices rose on Thursday as  Hurricane Ivan reached the U.S. Gulf Coast, shutting more than  1 million barrels daily of output in the Gulf of Mexico and 13  percent of U.S. refining capacity.
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Republican leaders in the U.S. House  of Representatives on Tuesday called off a vote on a limited  offshore oil and natural gas drilling bill which would open 8.3  million acres in the Gulf of Mexico off Florida.
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Oil prices slumped as much as 1  percent on Monday after BP said it would keep half its Prudhoe  Bay oilfield pumping while it carries out pipeline repairs, and  after the United Nations brokered a truce in the Middle East.
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Oil prices closed above $50 a barrel for the first time yesterday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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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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Hurricane Ivan has roared into the Gulf of Mexico, spurring evacuations along the US coast and shutting down some oil production after ripping off roofs and downing trees and power lines when it grazed western Cuba.
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A community protest in Nigeria's southeastern Abia State has forced the closure of two flowstations and a gas plant, shutting in about 35,000 barrels per day (bpd) of crude, Anglo-Dutch oil giant Shell announced.
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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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PHILADELPHIA -- The US Coast Guard has deployed thousands of feet of protective boom to contain a 30,000-gallon oil spill in the Delaware River between Philadelphia and southern New Jersey.
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BP PLC is likely to lose its license to develop a giant Siberian gas field that could be used to supply Asian markets, a senior environmental official said Friday.
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British energy company BP reported weak crude production in the third quarter following the partial shutdown of Prudhoe Bay -- the largest oil field in the United States.
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The Anglo-Dutch Shell Petroleum Development Company (SPDC) has announced to shut down a flow station and withdraw 244 non-core workers from oil fields in the Niger Delta as battles