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.
Apache
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.
West of Shetland set for another barren year
Westwood Global Energy reports that as of February 24 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
BP grandee joins Apache board of directors
Apache has announced the appointment of oil and gas veteran Lamar McKay to its board of directors.
Guyana-Suriname sees rig ‘demand surge’ as region bucks global trend
The Guyana-Suriname basin is helping drive a “surge” of oil rig demand in South America, bucking the global trend of depressed activity, according to new analysis.
Covid on Premier Oil Balmoral platform puts fourteen workers into quarantine
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
Workers removed from Forties Bravo platform due to Covid
Apache has confirmed that a pair of workers have been removed from the Forties Bravo installation due to Covid-19.
Total scores fourth Suriname success
Total and Apache have announced a fourth discovery at Block 58, offshore Suriname.
Oil firm Apache reveals plans for another restructuring
Bosses at Apache have announce plans to achieve greater "administrative and financial flexibility" by restructuring the Houston-headquartered oil company.
UK North Sea records fewest exploration wells since 60s
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Cnooc preparing to spud Glengorm appraisal
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
North Sea output holds up despite Covid, but really difficult year around the corner
North Sea firms are on track to produce roughly the same amount of oil and gas in 2020 as they did last year, despite the Covid-19 pandemic throwing up huge challenges, a new report reveals.
Archer predicts 10-15% revenue drop in 2020
Archer has predicted an uptick in activity in the fourth quarter, but this is unlikely to prevent a double-digit percentage drop in annual revenues for the drilling services firm.
Apache in profit for Q3 as cost cutting initiatives outstrip expectations
North Sea oil firm Apache was in the black in the third quarter of 2020 as its cost-saving initiatives outstripped expectations.
‘I might have left BP’ for Aberdeen property boom post-Forties
The Aberdeen oil boom after discovery of the giant Forties field nearly tempted one of the former top bosses at BP to leave the company for property development.
How changing hands breathed new life into Forties
BP’s decision to sell the “jewel in its crown” in 2003 to a US firm with no track record in the UK North Sea was greeted with a mixture of shock and suspicion, based partly on fears of job losses.
Early rig exit suggests no Finzean find
Westwood Global Energy reports that as of September 30 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
UKCS exploration drilling on course for record low in 2020, Westwood Global says
UK offshore exploration drilling is on course to slump this year to its lowest level since companies starting scouring the North Sea for oil in the mid-1960s.
Archer wins big North Sea contract extension with Apache
Archer has clinched a four-year contract extension worth up to £78.6 million to provide Apache's UK North Sea business with platform drilling operations and maintenance services.
Total gets down to drilling last UKCS exploration well of 2020
Westwood Global Energy reports that as of September 2 there were two exploration wells active in the UK, with one in the central North Sea and one in the northern North Sea. So far in 2020, three exploration wells have completed. There has been no appraisal drilling yet this year.