News Formal

Hilcorp's Harvest Alaska unit completes BP Alaska acquisition

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

United States News News

United States United States Latest News,United States United States 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines