Content Tagged As oil_production

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  • BP to pay Alaska $255M for lost oil production

    November 9, 2012 4:53 AM

    ANCHORAGE, Alaska (AP) - BP Exploration (Alaska) Inc. has been ordered to pay the state of Alaska $255 million for royalties on oil production lost during 2006 spills and subsequent pipeline shutdowns to replace pipe on the North Slope. The state announced the award, reached by arbitrators Oct. 31, in... more »
  • Obama Announces Steps to Speed US Oil Production

    May 14, 2011 2:08 PM

    WASHINGTON (AP) - Facing continued public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska. Obama... more »

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