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.
Safety concerns have been raised after figures revealed a 55-tonne gas leak at the Apache Beryl Alpha platform in the North Sea.
Apache recorded pre-tax losses of £3.8 billion in the first half of 2020 as the firm creaked under the weight of lower oil and gas prices.
Oil and gas firm Apache has taken a step forward in its mission to develop the Gair field in the northern North Sea.
Apache and partner Chrysaor have started drilling an exploration well in the UK North Sea.
Ancala Midstream, the operator of major North Sea infrastructure like the Beryl and Sage pipeline systems, has bolstered its senior management team.
Private-equity back oil firm Chrysaor has snapped up stakes in a number of UK North Sea licences containing exploration prospects from US business Apache.
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
Archer has clinched a new three year deal to provide a range of services at Apache's Forties and Beryl fields in the North Sea.
Ancala Midstream Acquisitions has completed a deal to buy Apache’s interests in two North Sea pipeline systems.
Apache has launched an investigation into its Beryl Bravo platform after smoke was detected from a gas turbine, it was today confirmed.
Apache today said it had managed a 100% drilling success rate in the North Sea while adding production from three development wells in the region during the second quarter. The Houston-headquartered firm, which also has operations in Canada, Egypt and the US, said the trio had achieved a 30-day average rate of more than 6,000 barrels of oil equivalent (boe) a daily. Drilling has also started on the Storr play in the Beryl area, the company said in its second quarter results announcement, which revealed net losses of $244million (£185million).
This incredible footage shows timelapse of Apache's Beryl field.
TWMA said it has secured a £1.5million contract for work with Apache on the WilPhoenix platform in the North Sea Beryl field.
Hugh Campbell was a North Sea pioneer.
Lifting costs for Beryl are just $10 per barrel and operator Apache sees a host of opportunities to grow and sustain production long-term from the UK North Sea field.
Many working in the North Sea have still to recognise the full impact of $50 oil and the crisis affecting the sector, according to one senior industry figure.
The Scottish Government said new discoveries made by Apache in the UKCS could bring more investment, jobs and supply chain opportunities for the North Sea oil and gas industry. Last month the US explorer said it had made significant discoveries in the North Sea in both the Beryl and Forties field which could hold up to 70million barrels of oil equivalent. Apache also said two discoveries were made on two exploration wells in the Beryl area as well as further discovery 50 miles south of the company’s Forties field.