US woes force BP into major review of its activities
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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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Oil major BP Plc BP.L BP.N is   aiming to restart oil production at the eastern half of the   giant Prudhoe Bay oil field in Alaska by the end of September,   sources familiar with the company's plans said on Thursday.
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British energy giant BP was warned by outside engineers in 2001 over its pipelines in Alaska but intervened with state officials to dilute the findings, according to an activist.
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Energy giant BP says the launch of its Thunder Horse oil rig in the US Gulf of Mexico will be delayed until at least 2008 because metal components have failed safety tests.
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ANCHORAGE, Alaska  - 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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BP Plc BP.L this week will conduct   safety tests and seek permission to restart part of the eastern   Prudhoe Bay oil field pipeline in Alaska that was shut due to   corrosion, the company told Congress on Tuesday.
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The US Department of Justice fines oil giant BP some $373m (Â£182m), for fraud and environmental violations.
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Subcommittee members accused the executives of BP of systematic neglect, leading to the closing of the nationÂs largest oilfield.
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In the aftermath of Hurricane Katrina, the Army Corps of Engineers has gotten the brunt of criticism for the disaster, but many scientists say that oil drilling may have played a decisive role in bringing the Mississippi River Delta to the brink of collapse.
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The U.S. Occupational Safety and Health Administration on Friday proposed to fine BP Plc  $92,000 for safety violations at a Texas City refinery where 15 workers died in a 2005 explosion and fire.
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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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Federal commodities regulators have recommended civil action against the oil company BP for allegedly manipulating unleaded gasoline futures prices on Halloween in 2002, the company disclosed in a Securities and Exchange Commission filing yesterday.
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A third of the countryâs oil refineries have reported disruptions like fires, power failures, leaks, spills and breakdowns this year.
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As it continues to dig out from a string of troubles, BP is the only major to up oil production.
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Halliburton Co.&#39;s US contracts to repair Iraqi oilfields and feed and house troops in the Balkans should be investigated because they violated procurement rules, a US Army Corps of Engineers officer said.
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WASHINGTON, Aug 20  - US Treasury Secretary John Snow said on Friday there had not yet been a large enough disruption to the supply of oil to warrant a decision to tap the US Strategic Petroleum Reserve.
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U.S. Congress members on Thursday   chided BP Plc. BP.L executives for allowing pipelines at   Alaska's Prudhoe Bay oil field to get so corroded that there   was a major oil spill in March and partial closure of the giant   field in August.