BP trying to get its image back online

Stephen Beard Jun 25, 2007
HTML EMBED:
COPY

BP trying to get its image back online

Stephen Beard Jun 25, 2007
HTML EMBED:
COPY

TEXT OF STORY

Doug Krizner: Meantime BP is restoring its Prudhoe Bay field in Alaska to full capacity this morning. We have more from Stephen Beard


Stephen Beard: The leak was tiny. Less than a gallon of oil was spilled. Nevertheless BP shut down 10,000 barrels of output a day for a week just to carry out a minor repair.

This costly exercise may look like an overreaction, but after BP’s Texas City Refinery disaster and the huge oil spillage in Alaska last year, BP has an image to repair, says Chris Skrebowski of Petroleum Review.

Chris Skrebowski: They’ll have to spend perhaps more than is strictly warranted for a bit on maintenance, on addressing even the smallest of setbacks, in order to reassure both regulators and public.

BP has promised to spend an extra half a billion dollars maintaining and repairing its pipelines in Alaska.

In London, this is Stephen Beard for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.