BP, Hilcorp say deal involving Alaska assets, interests done
by The Associated Press
Last Updated Dec 18, 2020 at 3:14 pm EDT
JUNEAU, Alaska BP said it has completed its sale of assets and ownership interests in Alaska to Hilcorp, in a $5.6 billion deal first announced in 2019.
BP announced Friday completion of its sale of pipeline interests, including its stake in the trans-Alaska pipeline, to Harvest Alaska, an affiliate of Hilcorp, following conditional approval of that part of the deal by the Regulatory Commission of Alaska earlier this week. Documents requested by the commission, due Dec. 28, did not yet show up as filed. The commission’s order also can be appealed.
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State officials are assisting the clean up of almost 8,000 gallons of oil that was spilled earlier this week at a production facility in Trading Bay, officials confirmed Thursday.
On Tuesday, shortly after noon, workers at the Hilcorp, Alaska-owned facility were transferring slop oil from one storage tank to another when they noticed the receiving tank was not filling properly. A closer inspection revealed that oil was leaking out from under the spill containment liner of one of the tanks. The cause of the leak was a broken underground transfer pipe that links the two tanks. In total, officials estimate 190 barrels or 7,980 gallons of slop oil were spilled in the leak.
Alaska regulators give conditional OK to key part of BP asset transfer Published December 15, 2020
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Print article JUNEAU - Alaska regulators conditionally approved the transfer of BP’s interest in the trans-Alaska pipeline system to an affiliate of Hilcorp as part of a proposed $5.6 billion sale that also includes other BP interests and assets in the state. In an order dated Monday, the Regulatory Commission of Alaska also conditionally signed off on the transfer of interests in Point Thomson and Milne Point pipelines. The order requires updated filings by Harvest Alaska LLC, to reflect it is now considered a Hilcorp affiliate.
Wed, 12/16/2020 - 9:10am
From left, Arctic Slope Regional Corp. chairman Crawford Patkotak, ASRC Executive Vice President of External Affairs Richard Glenn, ASRC board member Glenn Solomon of Kaktovik and Sayers Tuzroyluk of Point Hope spoke during a pro-drilling rally supporting opening the Arctic National Wildlife Refuge at the Dena’ina Civic and Convention Center on Feb. 11, 2019, in Anchorage. (Photo/Bill Roth/Anchorage Daily News)
Trump administration officials nearly waited until the last minute to make it happen, but opening bids for an Arctic National Wildlife Refuge coastal plain lease sale will be one of the first things Bureau of Land Management Alaska officials do in 2021.