North Sea oil firm Apache was in the black in the third quarter of 2020 as its cost-saving initiatives outstripped expectations.
In this week’s episode, in association with the ISA, the EV boys got under the skin of the week’s biggest slab of M&A news, which sees private-equity backed Chrysaor cement its position as the UKCS’s production King through a merger with Premier Oil.
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.
The discovery of Forties marked a major turning point in the North Sea’s history and now 50 years on our sector finds itself at another exciting crossroads, writes Emeka Emembolu.
‘It was the real opening of the North Sea scramble’ – former BP chief executive Lord Browne reflects on Forties discovery 50 years on
There are few better to reflect on the vast opportunities and challenges presented by the discovery of the Forties Field half a century ago than Lord John Browne.
Stewart Milne vividly remembers the impact which the discovery of the Forties Field in the North Sea had on the region when he and his generation grew up.
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.
New plans to extend the life of a UK North Sea field were last night hailed as a potential boost for the oil and gas industry at a difficult time.
US firm Apache has taken legal action against petrochemicals giant Ineos in a row over the Forties pipeline in the 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.
Energy advisory firm DNV GL has announced a new "major" deal with North Sea operator Apache Corporation on its Beryl and Forties assets.
Petrofac bosses have said Aberdeen is one of the “biggest areas of recruitment growth” for the global energy service group.
Shell is expected to spend $1.5bn (£1.152bn) on decommissioning in the North Sea over the next six years, according to a new forecast.
US oil firm Apache achieved its best quarterly production figure in the UK North Sea in two years during the first three months of 2019.
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by "at least 20 years".
Resurgent crude prices kept Apache Corporation’s North Sea business on an upward trajectory last year.
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
The North Sea's largest producing oil field has been shutdown amid planned maintenance, according to a report from Reuters.
Houston-based Marathon Oil posted a small $28 million loss for the fourth quarter relative to its much larger $1.4 billion loss for the final three months of 2016.
The closure of the North Sea Forties pipeline in December caused the biggest monthly fall in output for UK production since 2012, according to new figures.
Ineos has confirmed it has restarted its Forties Pipeline system after the second shutdown in recent months.
Shell is performing “extremely well” at a time when Brent crude is at its highest price for three years, the oil giant’s upcoming fourth quarter results will show.
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.
Petrochemicals giant Ineos today confirmed the reorganisation of its oil and gas business.