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Following an 18-month review begun after the Gulf Coast spill, BP suspends its Liberty offshore...

  • Tuesday, July 10, 2012, 3:36 PM ET
    Following an 18-month review begun after the Gulf Coast spill, BP suspends its Liberty offshore oil project in Alaska due to prohibitive costs and technical setbacks. The $1.5B project was to generate 40K barrels/day from a recoverable reserve of 100M barrels.
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This news story has 3 comments:

  •  
    Surely, our leadership wouldn't inhibit development with costly regulatory overhead, would it??
    10 Jul 2012, 03:40 PM Reply Like
  •  
    That project has been stop and go since 1997. Blame BP for being incompetent as much as the administration. I just hope they find a way to get new oil into the Trans-Alaska Pipeline before flows get so low the pipeline ruptures.
    10 Jul 2012, 03:58 PM Reply Like
  •  
    BP management screwing up? What a stunner!
    10 Jul 2012, 04:05 PM Reply Like
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