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.
A newly-formed oil firm claimed on Tuesday night that it had captured stakes in four producing North Sea fields through the acquisition of Endeavour Energy UK (EEUK).
Oil service firm Global Energy Group (GEG) is celebrating the biggest deal in its history, with a value understood to exceed £100 million.
Trade body Oil and Gas UK (OGUK) has published a list of 10 “principles” aimed at helping a "fragile" supply chain whose margins have been squeezed tight by customers in recent years.
A pair of oil firms with major UK North Sea portfolios said they had proven their commitment to the region with a raft of new contract awards.
Premier Oil’s boss said yesterday that the company had lots to get on with in the North Sea without feeling the need to “chase acquisitions”.
A new tool has been launched which will help companies produce millions of extra barrels of oil through their North Sea operations.
US oil firm Apache's financial results were dented by "very weak" natural gas prices in the first half of 2019.