JUNEAU, Alaska - BP PLC is suspending construction of a huge oil rig off Alaska's coast to review its engineering and design plans and ensure the Liberty project can be done safely.

With drilling plans halted last year pending an equipment review, when will BP reach its Liberty offshore oil prospect in Alaska s Arctic?

BP hired Parker in 2006 to design and build the massive harsh-environment rig to tap oil reserves at its Liberty field about five miles offshore in the Beaufort Sea.

NEW ORLEANS (CN) – Cameron International, which made the failed blowout preventer on the Deepwater Horizon oil rig, claims an insurer tried to hold its settlement negotiations with BP “hostage” by ...

BP PLC plans to add $1 billion in new investment and two drilling rigs to its Alaska North Slope fields over the next 5 years. Executives attributed the increased investment to ...

SUPERMAJOR BP has halted work on a massive land rig destined to drill at its $1.5 billion Liberty project on Alaska’s North Slope, writes Blake Wright.

BP Exploration Alaska Inc. indefinitely suspended its Liberty oil field project in the Beaufort Sea offshore Alaska, citing project engineering and economics although the company ...

Oil drilling contractor Parker Drilling Co. secures a two-year operations and maintenance contract for BP's Liberty rig.

BP has suspended work on its high-profile Liberty project on the Alaska coast as cost and time overruns made the proposed extended-reach oil development unprofitable, writes Noah Brenner.

BP PLC is suspending construction of a huge oil rig off Alaska's coast to review its engineering and design plans and ensure the Liberty project can be done safely, The Associated Press reports.