Tag: BP

Oil giant BP has sold its interests in both the Prudhoe Bay oil field as well as the trans-Alaska pipeline to Hilcorp Alaska for $5.6 billion. Under terms of the agreement, Hilcorp will pay $4 billion in the near-term and $1.6 billion later. In a press release this week, the company said it is selling … Continue reading “BP Has Sold its Alaska Assets to Hilcorp Alaska for $5.6 Billion”