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Hilcorp's Harvest Alaska unit completes BP Alaska acquisition

Hilcorp s Harvest Alaska unit completes BP Alaska acquisition
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Hilcorp s Harvest Alaska unit completes BP Alaska acquisition
Privately held Hilcorp Energy Co said on Friday its unit completed a US$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 (Alaska) Inc. headquarters is pictured in Anchorage, Alaska, U.S. August 27, 2019. REUTERS/Yereth Rosen
19 Dec 2020 05:35AM
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REUTERS: Privately held Hilcorp Energy Co said on Friday its unit completed a US$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. ....

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Harvest Alaska Completes BP Alaska Acquisition

Press release content from Business Wire. The AP news staff was not involved in its creation.
Harvest Alaska Completes BP Alaska Acquisition
December 18, 2020 GMT
ANCHORAGE, Alaska (BUSINESS WIRE) Dec 18, 2020
Harvest Alaska (Harvest), completed its acquisition of BP Pipelines (Alaska) Inc.’s (BP) midstream ownership interests today, following approval by the Regulatory Commission of Alaska on December 14 th. Harvest immediately acquires BP’s approximately 49 percent interest in the Trans-Alaska Pipeline System (TAPS) and 49 percent of Alyeska Service Company (Alyeska) and other Alaska midstream interests. Alyeska will continue to operate the pipeline as it has for decades.
“The completion of this acquisition is a critical milestone for Harvest,” said Jason Rebrook, Chief Executive Officer of Harvest Midstream. “TAPS is an icon of American ingenuity and has a proven track record of safe and responsible operations with strong relationships in the comm ....

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Harvest Alaska Completes BP Alaska Acquisition - Press Release

Harvest Alaska Completes BP Alaska Acquisition - Press Release
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Alaska Journal | Year in Review: Long-sought ANWR sale tops 2020 in oil and gas

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. ....

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Alaska Journal | 2020 Year in Review: Pandemic upends Alaskan economy

Wed, 12/16/2020 - 9:10am
Downtown Anchorage was quiet as people stayed away hours before a city “hunker down” order took effect on March 22. The beginning of shutdowns across the state in response to the COVID-19 pandemic turned the Alaska economy upside down with negative effects on nearly every sector and sending the state back into a recession. (Photo/Bill Roth/Anchorage Daily News)
There is only one top story for 2020, but the tentacles of the COVID-19 virus have proven so far-reaching that it cannot be summed up with a single headline, despite the countless internet memes attempting to do so. The 2020 Year in Review looks back at the top 10 stories as the pandemic touched every reach of Alaska. ....

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