BP (BP), ConocoPhillips (COP) and Exxon Mobil (XOM) have cut their oil production from Alaska’s Prudhoe Bay field by 95% after a leak was discovered in the Trans-Alaska Pipeline. No one is certain how long the leak will take to fix. It appears to be in a concrete casing along the pipeline at the North Slope pumping station. Alyeska Pipeline Service, the partnership among the oil firms that handles…
Continue reading Alaska Pipeline Shutdown Has Immediate Impact on Oil Prices
Alaska Pipeline Shutdown Has Immediate Impact on Oil Prices originally appeared on DailyFinance on Mon, 10 Jan 2011 06:55:00.
Filed Under: Energy, Exxon Mobil, BP