Hilcorp's Harvest Alaska unit completes BP Alaska acquisition

Business News News

Hilcorp's Harvest Alaska unit completes BP Alaska acquisition
Business Business Latest News,Business Business Headlines

Privately held Hilcorp Energy Co said on Friday its unit completed a $5.6 billion acquisition of BP Plc's business in Alaska, taking over the region the British oil major had operated in for 60 years.

FILE PHOTO: The BP Exploration Inc. headquarters is pictured in Anchorage, Alaska, U.S. August 27, 2019. REUTERS/Yereth Rosen

Hilcorp’s Harvest Alaska, a midstream services provider, said it received approval from the Regulatory Commission of Alaska on Dec. 14 to acquire BP’s nearly 49% interest in the Trans-Alaska Pipeline System and 49% of Alyeska Service Company and other Alaska midstream interests.

 

Business Business Latest News, Business Business Headlines



Render Time: 2025-01-10 17:38:08