* Decision made after 18-month review * Project would have cost “a lot more” than $1.5 bln * Liberty project has history of delays, problems By Yereth Rosen ANCHORAGE, Alaska July 9 (Reuters) – BP has indefinitely suspended a $1.5 billion offshore oil project in Alaska due to cost overruns and technical setbacks, a company spokeswoman said on Monday. An 18-month company review concluded that the Liberty project, a field with about 100 million barrels of recoverable oil, should not go forward as planned, said Dawn Patience with BP Exploration (Alaska) Inc Continue reading →