BP plc (BP) Halts Production in Norway's North Sea Following Incident, No One Injured
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BP plc (NYSE: BP) shares are lower following reports earlier on the session that a crude leak earlier in the month caused the energy giant to shut down a platform in Norway's North Sea.
The Petroleum Safety Authority Norway (PSA) today said it was investigation into a "substantial escape of hydrocarbons occurred on the Ula field in the Norwegian North Sea," which happened on September 12th.
No one was said injured in the incident. The PSA is investigation the event due to "the substantial potential involved in the incident."
The event rehashed safety concerns following the Deepwater Horizon incident in the U.S. Gulf of Mexico, which happened in April 2010. The incident took 11 lives and was the worst offshore disaster in U.S. history. BP has faced litigation after litigation, shelling out billions in the process.
Shares of BP are down about 1 percent into the close.
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The Petroleum Safety Authority Norway (PSA) today said it was investigation into a "substantial escape of hydrocarbons occurred on the Ula field in the Norwegian North Sea," which happened on September 12th.
No one was said injured in the incident. The PSA is investigation the event due to "the substantial potential involved in the incident."
The event rehashed safety concerns following the Deepwater Horizon incident in the U.S. Gulf of Mexico, which happened in April 2010. The incident took 11 lives and was the worst offshore disaster in U.S. history. BP has faced litigation after litigation, shelling out billions in the process.
Shares of BP are down about 1 percent into the close.
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