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State regulators accept BP valve safety plan

...been "very proactive and made a good-faith effort to address the problems." Although the valves are common in offshore oil fields, Alaska is among the few places in the country that require oil companies to install them at onshore wells, according...
McCovey oil well abandoned

...gambles. BP spent $2 billion to drill the Mukluk well in 1982. It was the most expensive dry hole in history. Offshore oil fields in Alaska typically take longer and cost more to bring into production. Only large finds can offset high costs...
Chukchi Sea sale draws record bids, protesters

...wouldn't be able to put people out there if we had a storm," he said. Conservation groups say development of offshore oil fields would add stress to a rapidly changing environment hammered by global warming and record summer ice loss. "It's...
BP begins developing world's longest wells in Beaufort Sea

...1988 to 740,000 barrels a day in 2007, according to the Alyeska Pipeline Service Co. BP operates several other offshore oil fields in the region, including Northstar and Endicott. Liberty will be the first oil field off Alaska that lies exclusively...


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