Apache parent triples profits despite North Sea snub
Apache parent APA Corp posted a threefold increase in profits in its full-year 2022 results, which show the North Sea continues to be a cash cow.
Apache parent APA Corp posted a threefold increase in profits in its full-year 2022 results, which show the North Sea continues to be a cash cow.
Apache has hit out at the North Sea windfall tax for making the sector โless competitiveโ as it cancels a drilling contract in the UK sector.
Energy services group Expro (NYSE:XPRO) has secured a new $50 million contract with Apache Corporation for work on its Beryl and Forties assets.
More than 300 offshore workers have voted for strikes across 20 North Sea installations, Unite the Union has announced, causing "major problems" for production.
Apache North Sea has said it plans to boost its UK spending and headcount as it hands a rig extension deal to Diamond Offshore.
Oil and gas company APA Corporation put last yearโs hefty write-downs behind it to return to the black in the first six months of 2021.
Exxon Mobil has lost out in a High Court battle against Apache with โfar reaching implicationsโ for North Sea decommissioning.
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.
Bristow has lost its contract with Apache North Sea to rival helicopter operator CHC.
Ancala Midstream has won a multi-million pound deal to transport gas from the prolific Edvard Grieg Area in Norway for processing in Scotland.
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 ยฃ3.8 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 Apacheโs 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 (ยฃ185million).
This incredible footage shows timelapse of Apache's Beryl field.
TWMA said it has secured a ยฃ1.5million contract for work with Apache on the WilPhoenix platform in the North Sea Beryl field.
Hugh Campbell was a North Sea pioneer.