Apache parent APA generates $1bn from stock and asset sales
E&P company APA Corporation has announced the closing of two US transactions, generating net proceeds of around $1 billion.
Apache
El Molla touts Egyptian energy potential in US talks
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has held high-level talks with Chevron, and various other US luminaries, at CERAWeek.
El Molla oversees slew of deals at Egypt show
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has struck deals with Apache and Yemen, while backing plans for an Egyptian company to pursue petrochemical works in Nigeria.
Former offshore installation manager dies of Covid despite having two jabs and the booster
Alex Sibbald of Aberdeen, a retired offshore installation manager, and accomplished sportsman, has died aged 58.
VIDEO: Severe flooding sees dozens of workers removed from Apache North Sea platform
A North Sea oil and gas platform has been down-manned after severe flooding ripped through workers’ accommodation block.
Apache Corp takes £326million decommissioning hit over long-sold Gulf of Mexico assets
Apache Corporation has taken a hit of £326million ($446m) over decommissioning costs for Gulf of Mexico oil and gas assets it sold nearly a decade ago.
Apache reprimanded after 95kg section of ducting dropped on Forties Echo
Operator Apache (NASDAQ: APA) has been reprimanded following an incident on one of its North Sea platforms that could have caused “death or serious injury”.
Apache pulled up after ‘uncontrolled’ gas leak on Forties Delta
A North Sea operator has been given a slap on the wrist after an “uncontrolled hydrocarbon gas release” occurred on one of its platforms.
Tackling ‘low confidence’ in North Sea methane monitoring
Increasing pressure is being put on upstream operators to decarbonise their operations, from investors, the regulator and the wider public. But while North Sea energy companies are moving to cut emissions, they still have challenging assets on their hands.
HSE warning to Apache after corrosion found on Forties Alpha fire safety system
The Health and Safety Executive (HSE) has issued a warning after corrosion was found on a fire safety system on board the Forties Alpha platform.
Workers flown off Forties Delta platform after Covid outbreak
A handful of people have been flown off a North Sea platform after cases of Covid-19 were found on board.
APA Corporation comes back from write-downs to post large profit, North Sea output drops 27%
Oil and gas company APA Corporation put last year’s hefty write-downs behind it to return to the black in the first six months of 2021.
BCG: Distressed or bankrupt oil firms face $15billion decommissioning costs
The decommissioning costs of oil and gas firms which have recently gone bankrupt or are in financial distress is near $15billion, according to new analysis from Boston Consulting Group (BCG).
First exploration well of the year ‘spudded’ in UK North Sea
Westwood Global Energy reports that as of June 28 there was one exploration well and one appraisal well active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and one exploration well at 22/6c-B4Z Bacchus South.
Oil firm fined £400,000 over serious gas leak on North Sea platform
Oil firm Apache has been fined £400,000 over safety failings which led to a gas leak on one of its North Sea platforms.
Apache-Exxon decom case: Is the regulator left without options? Not necessarily
Professor John Paterson, chair in Law at Aberdeen University, gives his analysis of the Exxon vs Apache High Court case on decommissioning costs.
Exxon loses to Apache in High Court battle on £100m decommissioning bill
Exxon Mobil has lost out in a High Court battle against Apache with “far reaching implications” for North Sea decommissioning.
North Sea oil and gas operators help to launch platform for streamlining tendering
North Sea oil and gas operators have helped to develop a new platform for streamlining the tendering process.
Apache turns a profit in Q1 despite extended North Sea downtime
Exploration and production firm Apache swung back into the black in the first quarter despite suffering a 22% drop in UK North Sea production levels.
No movement on UK exploration activity since December
Westwood Global Energy reports that as of March 31 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
Bristow loses Apache North Sea contract to CHC
Bristow has lost its contract with Apache North Sea to rival helicopter operator CHC.
Apache and Total put breaks on Suriname drilling due to high pressure
Apache and Total have halted drilling on the Keskesi East-1 discovery well off Suriname due to “substantial pressure increases”.
Ancala wins multi-million pound deal to bring Edvard Grieg gas to Scotland
Ancala Midstream has won a multi-million pound deal to transport gas from the prolific Edvard Grieg Area in Norway for processing in Scotland.
Transparent pay gap reporting highlights progress towards gender balance in oil and gas
Transparency in reporting is producing results, with most operators showing year on year improvements towards gender balance. We encourage all employers to publish their data without delay, and use it to drive their action plans. With metrics like the median pay gap (-3% to 46%), percentage of women at the top (5% to 35%) and percentage of women overall (11% to 41%) varying massively between organisations, it’s clear balance is attainable within our industry but it takes sustained determination at all levels of leadership.
Apache losses widen during ‘banner year’ for exploration
Bosses at Apache Corporation hailed the firm’s response to the Covid pandemic and price crash despite pre-tax losses widening to £3.4 billion in 2020 from £2.1bn the previous year.