Support Industry Innovations: Methanol, Drone Delivery, Energy Diversification
Alaska oil, gas, and energy innovations open the doors to further energy sector innovation.
Alaska oil, gas, and energy innovations open the doors to further energy sector innovation.
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 announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion.
BP is investing more than $280,000 in UAA’s College of Engineering and the Alaska Native Science & Engineering Program in 2019.