Bp's Shutdown in Alaska Sends Oil Prices Soaring
Evening Standard - London › August 07, 2006
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Summary
BP is shutting down its massive Alaskan oilfield operations at Prudhoe Bay after another oil spillage. Closure of the field, the biggest in the US, producing 10% of BP's worldwide daily supply, sent the price of Brent crude up $1.03 to $77.20.
It also batters BP's tarnished reputation in the US further after the environmental embarrassment of a record spillage on the Alaskan tundra in March; the Texas City refinery blast last year that killed 15 people; and allegations of pricefixing by BP traders inWall Street.See the full content of this document
Extract
Bp's Shutdown in Alaska Sends Oil Prices Soaring
It is another blow after the boardanomalies-room spat that saw BP's chief executiv...
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