Reuters reported that BP plc (LSE:BP) closed its Norwegian Ula field following a potentially dangerous leak last week. BP will not resume production until it knows what caused the problem.
As quoted in the market news:
“A substantial escape of hydrocarbons occurred on the Ula field in the Norwegian North Sea on 12 September,” the PSA [Norway's Petroleum Safety Authority] said.
“No people were injured and no damage caused to the installation beyond the equipment directly involved. But the PSA considers the incident to have had a substantial potential.”