Oil drilling contractor Parker Drilling Co. secures a two-year operations and maintenance contract for BP's Liberty rig. It is the third contract Parker has landed with BP in developing the Liberty ...

The operator will use directional drilling technology to tap the estimated 100 million barrels of recoverable oil at the site. The company said it will drill from an existing satellite pad that is ...

As currently proposed, the project would come in “significantly higher than the original estimate” of $1.5 billion “and it would take several more years ­before drilling could commence,” BP said. The ...

Now it's the New York Times gone wild, acting like that proverbial blogger in the basement making things up, as former and failed Republican vice-president candidate Sarah Palin still sometimes claims ...

NEW ORLEANS (AP) — A worker who survived the deadly explosion on the Deepwater Horizon testified Wednesday that a flurry of activity on the drilling rig hindered his ability to monitor BP’s well for ...