Px Group, which operates the gas processing plant at St Fergus, near Peterhead, has hired a North Sea veteran to spearhead its push into the upstream oil sector.
US energy firm Apache took a £3.6billion pre-tax loss in the first quarter of the year as the oil price crash hit the value of its assets.
While the immediate priority is survival, senior management of exploration and production (E&P) companies will also be looking to the future, seeking ways to access the capital required to bring undeveloped oil and gas discoveries into production and lower carbon dioxide emissions.
Drilling contractor Archer has said a newly-completed debt refinancing will help it withstand a “meaningful drop in activity”.
Drilling contractor Archer is understood to have laid off another 60 offshore workers following a client’s decision to cut activity levels.
Oil and gas firm Apache has taken a step forward in its mission to develop the Gair field in the northern North Sea.
Total and Apache have made a second discovery offshore Suriname, at Block 58’s Sapakara West-1 well.
Apache calls in bank guarantees of £530m to cover North Sea decommissioning after S&P downgrades credit rating
Apache has confirmed it will call in letters of credit of £531million to guarantee it will pay off decommissioning obligations in the UK North Sea.
Apache is the latest in a growing list operators to confirm it is taking measures to prevent the spread of the coronavirus in the North Sea.
US oil firm Apache has shed some light on an ongoing organisational “redesign” intended to reduce costs.
Apache suffered pre-tax losses of £2.3 billion last year after booking hefty impairments on some of its US assets.
Diamond Offshore has announced a £39million extension with Apache in the UK North Sea as part of £480million in new work secured in 2019.
A boss at Neptune Energy said 2020 was shaping up to be the private-equity-backed firm’s busiest year in the UK North Sea as activity ramps up around key projects.
US firm Apache has taken legal action against petrochemicals giant Ineos in a row over the Forties pipeline in the North Sea.
Apache Corporation is closing its San Antonio office and eliminating more than 270 jobs as part of a reorganization designed to cut costs.
Apache and Total have announced a “significant oil discovery” off the South American nation of Suriname.
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.
Total announced its entry into Suriname with a 50% interest in a block held by Apache off the Southern American nation’s coast.
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
A court has blocked Apache’s bid to recover more than £2million in costs for a failed exploration well in the UK North Sea.
A US oil firm with a large North Sea operation has confirmed plans to reduce its global headcount by 10-15%.
An oilfield equipment deal between two US firms will bring millions of pounds worth of work to the north-east.
US operator Apache has announced its plans to have first production from its Storr project in the North Sea next month.
A north-east energy service firm has won a multi-million-pound deal to carry out construction work on a number of UK North Sea platforms and vessels operated by EnQuest.
The high-profile geologist leading one of Apache Corp.’s most-important exploration ventures has stepped down. The company’s shares and bonds tumbled, and the cost to insure against default surged.