BP plc. (NYSE: BP) has shut-in a 43,000 barrel/day well in a North Sea field following the discovery of a small crack in a connecting pipeline. The leak has stopped and there is no oil visible on the surface according to BP.
Marathon Oil Corp. (NYSE: MRO) owns a stake in the well. The shut-down is expected to last for “weeks rather than months” a BP spokeperson told MarketWatch.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks