As oil prices crater, banks are hesitant to finance the $5.6 billion deal, according to the Wall Street Journal.
"BP Alaska"
Will the oil price crash disrupt the BP-Hilcorp deal? Alaska state regulators want to know.
State regulators have asked Hilcorp, the independent oil company buying BP’s Alaska assets, to disclose whether and how the pandemic-driven crash in oil prices will affect its ability to seal the $5.6 billion deal.
Prudhoe Bay worker tests positive for COVID-19, BP says
Oil and gas company BP confirmed Tuesday that a worker at Prudhoe Bay has tested positive for COVID-19.
Oil companies are screening employees for fever before flying them up to Alaska’s North Slope
The companies met last week and agreed to start screening all of their workers when they check in in Anchorage.
Hilcorp revived this declining North Slope oil field. Can it do the same for Prudhoe Bay?
While many North Slope fields are on the decline, production at Hilcorp’s Milne Point has actually increased by huge amounts. Now the company is acquiring the massive Prudhoe Bay field, raising hopes of a similar revival there.
Switch from BP’s corporate giving to Hilcorp’s employee contributions could be ‘a bucket of cold water’ for nonprofits
Hilcorp’s philanthropic strategy is more about individual employee giving than corporate sponsorship. And, a national expert says, that’ll diffuse the giving and make it harder to predict — at least at first.
As it prepares to exit the state, BP donates nonprofit meeting property in Anchorage to community foundation
BP announced it will donate the BP Energy Center property and building to The Alaska Community Foundation. The foundation has agreed to maintain the center as a free meeting space for at least the next 20 years.
Alaska regulators say they need more time to weigh Hilcorp’s request to keep its finances confidential
The Regulatory Commission of Alaska has extended its deadline to March 12. It’s the second delay this year.
Alaskans split over proposed BP sale during 6 hours of public comment
It was the first time Alaskans could provide in-person comments to the Regulatory Commission of Alaska about one of the state’s biggest oil industry deals.
An Anchorage attorney made a fortune fighting Big Oil in Alaska court. Now he’s funding the campaign to raise their taxes.
The initiative targets some of Alaska’s oldest and largest oil fields, and it would levy what Robin Brena’s side estimates as an additional $1 billion in taxes on the state’s biggest producers: BP, ConocoPhillips and ExxonMobil.