BP is ordered to pay $255M to Alaska for royalties the state lost because of production...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP is ordered to pay $255M to Alaska for royalties the state lost because of production shutdowns after two North Slope oil spills in 2006 and a subsequent pipeline replacement project. The spills were traced to BP's failure to regularly clean and inspect two of its pipelines over the course of several years.