Home Alaska’s Changing Oil Landscape and the BP-Hilcorp Deal: What’s at Stake?
Uncategorized

Alaska’s Changing Oil Landscape and the BP-Hilcorp Deal: What’s at Stake?

By griffith June 2, 2021

The Trans-Alaska Pipeline spans 1,300 km from the Arctic Ocean to the Gulf of Alaska. Photo by Luca Galuzzi [CC BY-SA (https://creativecommons.org/licenses/by-sa/2.5)]
In August 2019, London-headquartered oil and gas company BP announced it would be selling all of its Alaska assets in a US$ 5.6 billion deal to Hilcorp, LLC, a private, Texas-based oil and gas company. On Tuesday, the acquisition cleared a substantial hurdle when the U.S. Federal Trade Commission (FTC) announced it had no anti-trust concerns and will allow the deal to advance. But other federal and state hurdles remain, including approval by the Regulatory Commission of Alaska (RCA) for the transfer of the Trans-Alaska Pipeline System (TAPS), of which Hilcorp would acquire the dominant share (48.44%).

Access to content from the Arctic Knowledge Archives is available to Passport holders only.

Arctic Today is a non-profit organization, supported by donations from readers like you. While we strongly believe in giving free access to current news for all readers, we reserve content older than one year for our supporters. All individual contributions of at least $20/month or $150/year will receive a Passport to the Arctic Knowledge Archives. Help us drive the leading non-profit editorial team dedicated to delivering context, information and analysis about events in the Arctic.

Already have a Passport? Sign in
Choose your level of support and unlock your Arctic Today Passport.
  • Monthly
  • Annually
  • Groups & Institutions

Individual Monthly

$20.00

Month

Select

Individual Annual

$150.00

Year

Select

Individual Monthly

$20.00

0

Select

Individual Yearly

$150.00

0

Select

GROUPS & INSTITUTIONS

Contact for
Pricing

Contact Us

Most Read Stories

New New Shipping, Rosatom to build five container ships for year-round Arctic sailings
SIGN UP FOR NEWSLETTER