An 800-mile oil pipeline in Alaska was shut over the weekend after a leak was discovered at a pumping station, according to reports.
The pipeline, which transports oil from North Slope to Valdez, Alaska, saw its output reduced by 95 percent yesterday. According to a Wall Street Journal Report, the North Slope produces around 9 percent of total U.S. oil output, with U.K.’s BP Plc the biggest producer in the region. Prudhoe Bay oil field, the largest of its kind in the United States, is located in the region.
According to reports, Alyeska, the operator of the pipe, a leak was discovered on Saturday morning local time, and was shut a few hours later. Alyeska is 47 percent owned by BP.
