Reuters BP (BP.L) said on Monday it had amended some financial terms of the $5.6 billion sale of its Alaska business to privately held Hilcorp following the recent slump in oil prices, which may lead to a lower cash boost than initially planned. The revised agreement retains the total consideration but adjusts the structure and phasing of the remaining payment,
By Tyler Losier, Energy Reporter, Oil & Gas 360 BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business in the state to Hilcorp Alaska, a subsidiary of Hilcorp Energy Company, for a total consideration of $5.6 billion. Under
Similar to four others offshore Alaska Ryan Zinkie, U.S. Secretary of the Interior, provided more details today regarding a proposed oil and gas development facility in offshore Alaska, the first facility of its type in waters off Alaska if approved. In terms of the specifics of the proposal, the Bureau of Ocean Energy management (BOEM) issued conditional approval to Hilcorp
An OAG360® Exclusive: Interview with Alaska Governor Bill Walker Listen to the interview Alaska’s North Slope has produced more than 17 billion barrels of oil since the discovery of the Prudhoe Bay oil field in 1968, when Arco’s Prudhoe Bay State No. 1 exploratory well produced oil at a maximum test rate of 2,415 barrels per day. Prudhoe Bay is
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