Prudhoe Bay to resume full oil output end of October: BP
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British energy giant BP has said that it expects to resume full production by the end of October of 400,000 barrels of oil a day from Prudhoe Bay, the biggest US oil field.
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Crude oil prices may fall this week as companies including Royal Dutch/Shell Group restart platforms and tankers resume shipments in the Gulf of Mexico after Hurricane Ivan
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According to "Tehran Times", the drilling of oil wells of South Pars (SP) was terminated, said Iran's petroleum minister. Seyyed Kazem Vaziri-Hamaneh added that the wells are to produce 35 thousand and 24 thousand barrels of oil per day in the first and second phases respectively.
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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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BP Plc  is shutting  down its giant Alaska Prudhoe Bay oil field due to a damaged  pipeline, slashing West Coast supplies and prompting the U.S.  government to consider releasing emergency stockpiles as prices  jump.
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Mining group BHP Billiton has said that full production at its strike-hit Escondida copper mine in Chile would resume next week after the company reached a pay deal with workers.
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The Prime Minister's spokesman says BP will announce shortly that it is returning to Libya.
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TOKYO/LONDON  - Oil steadied on Friday, having hit   a five-month low under $67 a barrel after U.S. fuel supplies   rose and BP said it might fully restore the largest U.S.   oilfield sooner than expected.
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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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British oil giant BP is set to announce its return to Libya, Prime Minister Tony Blair&#39;s official spokesman said, shortly before taking off for the north African country.
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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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OPEC will keep its oil output near a 25-year high despite a $13 fall in the crude price since mid-July, ministers said on Monday, but the group left the door open to a supply cut before the end of the year.
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Limited shipping could resume on the Delaware River south of Philadelphia as early as today after an oil spill late last week halted vessels, the US Coast Guard said.
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Oil prices fell to a new six-month low   below $60 a barrel on Monday as news of BP restoring output at   Prudhoe Bay added to a sense of healthy global supplies.
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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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BP BP.L told U.S. lawmakers on   Thursday that it could restart its giant oil field in Alaska by   the end of October after rusty pipelines forced part of the   field shut last month, though a former senior BP manager in   Alaska refused to testify about the pipeline corrosion.
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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.