Oil & Gas Oil giant BP suspends operations after violent protestsOil giant BP is suspending operations in Libya as the escalating violence pushed the price of oil to new two-year highs. February 22nd 2011, 2:03 am 2 min read Facebook An icon of a facebook f logo. LinkedIn An icon of the LinkedIn logo. Twitter An icon of the Twitter logo. Oil giant BP is suspending operations in Libya as the escalating violence pushed the price of oil to new two-year highs.