Prudhoe Bay blindsides oil markets

Traders were watching the Israeli-Lebanese war, supply disruptions in Iraq and Nigeria, and international wrangling over Iran’s nuclear ambitions when the next major energy crisis came whistling down from Alaska’s North Slope to blindside world markets.On Aug. 6, BP Exploration Alaska Inc. found a small spill of crude from a 22-mile transit line connecting Prudhoe Bay, the largest US oil field, to the Trans-Alaska Pipeline System. The world was stunned by BP’s initial announcement that it would shut in the field’s 400,000 b/d of production to assess and repair corroded sections of the line; the shut-in later was reduced to 200,000 b/d.When markets reopened Aug. 7, ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected