The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.
BP confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020.
The Alaska Industrial Development and Export Authority (AIDEA) Board unanimously approved a resolution that authorizes AIDEA to provide a loan of up to $7.5 million to HEX for the Kitchen Lights Unit, a natural gas production project in the Kenai Peninsula Borough.
The Alaska North Slope natural gas project on March 6 joined a growing list of proposed US LNG export ventures with a final federal environmental impact statement, though it’s still a long way from reaching a construction decision.
One of the key aspects of the Deadhorse Aviation Center’s success is its ability to meet both the actual and anticipated needs of its target users. And over the years, there have been many.
The Alaska Industrial Development and Export Authority Board approved a resolution that enables AIDEA to modify terms of its loans related to development of the Southern Miluveach Unit (known as the Mustang Field).