Hilcorp's Harvest Alaska unit completes BP Alaska acquisition

📆 19/12/2020 06:15:00
📰 Reuters

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria 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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines