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. BP Alaska ...

BP Exploration Alaska Inc. (BPXA), a division of BP PLC, has signed a contract with Houston-based Parker Drilling Co. to build, deliver, and commission a new ultraextended-reach drilling rig for ...

BP is putting its Liberty project on Alaska's North Slope on hold until next year, but it's not caving under pressure -- just being careful. Sections.

It is BP's Liberty Island, a nearly $1 billion project. As planned, the rig would drill two miles down into the seabed, then sideways up to eight miles across it, to find an enormous reservoir of oil.

BP discovered the Liberty oil field in 1997, began construction of a rig there in 2008, and was nearing final preparations this April when the Deepwater Horizon rig exploded in the Gulf of Mexico.

With drilling plans halted last year pending an equipment review, when will BP reach its Liberty offshore oil prospect in Alaska's Arctic? Around the same time the Deepwater Horizon drilling rig ...

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 is suspending construction of an oil rig off Alaska's coast to review its engineering and design plans and ensure the Liberty project can be done safely.

BP Plc, the largest producer of oil and natural gas in the U.S., suspended construction of a drilling rig at its Liberty project in Alaska to “take time to evaluate the safety systems” on the ...

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.

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 ...