The Regulatory Commission of Alaska, which is overseeing Hilcorp's purchase of BP's stake in the trans-Alaska pipeline, plans to hold a six-hour public hearing on the deal next month.
BP, which has been a major employer in Alaska for decades, is planning to sell all of its assets in the state to Hilcorp, a smaller, private company.
“The purpose is to make sure the State of Alaska and its people are represented as this transaction moves forward,” said the governor’s office.
BP intends to sell its entire Alaska business to Hilcorp for $5.6 billion.
House and Senate Resources committee members asked about everything from layoffs to whether Hilcorp has the financial resources to manage the assets it wants to take over.
Alaska's Energy Desk reporter Nat Herz is exploring Hilcorp's company culture as it's set to become one of the biggest players in Alaska's oil industry. He's written an open letter to Hilcorp employees asking for their help.
The Regulatory Commission of Alaska is asking the companies for five new sets of documents. They include the purchase and sale agreement, charts detailing the companies' corporate ownership and operating structure, and additional financial statements.
Shawn Huber, 36, died at the Milne Point field when a drilling rig’s operator accidentally opened a set of hydraulic jaws and dropped a 700-pound, 31-foot section of drilling pipe that struck Huber in the head. The operator was distracted, according to the investigation, because he was training a colleague.
Alaska Republican Gov. Mike Dunleavy’s administration is coming to the aid of an oil company’s plans to search for oil in Cook Inlet, in the face of a lawsuit filed by environmental organizations.
BP has operated in Alaska for over half a century and has long had a hand in running the state’s biggest oilfield, Prudhoe Bay. The oil company’s plans to exit the state has left hundreds of workers like McFarland in limbo.
Hilcorp is using air guns to explore the lower Cook Inlet for oil and gas — but some researchers say it will cause irreversible damage to whales and other marine wildlife.
Oil and gas development company Hilcorp is planning to survey an offshore lease site in lower Cook Inlet.
Industry, environmental groups speak out as Hilcorp paves the way for drilling in federal Arctic waters
The oil and gas company Hilcorp wants to build a gravel island in shallow waters in the Beaufort Sea, east of Prudhoe Bay. Listen now
The Interior Energy Project has achieved a major milestone. On Thursday, the Alaska Industrial Development and Export Authority Board approved a plan advancing the state effort to increase availability of natural gas in Fairbanks. Listen now
The federal government is moving forward with its review of Hilcorp’s proposal to drill offshore for oil in the Arctic. Listen now
Hilcorp snapped up more than 100,000 acres in Cook Inlet for additional oil and gas development at federal and state lease sales held Wednesday. Listen now
Hilcorp operation managers were in Kenai Friday to speak at an Alliance luncheon. Cook Inlet Offshore Operations Manager Stan Golis updated the pro-oil industry group on recent oil and gas leaks. Listen now
The state has concluded that just three gallons of liquid escaped from one of Hilcorp’s platforms into Cook Inlet in early April. Listen now
An environmental group is praising oil and gas company Hilcorp after it announced a new pipeline project in Cook Inlet. Hilcorp said the project would eliminate the need to store oil at the Drift River Terminal. Listen now