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.
A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
US oil firm Apache has lowered its fourth-quarter production outlook for its international business due to the Forties pipeline closure.
North Sea oil and gas operator Serica Energy has confirmed that production from the Erskine field has restarted after a damaged pipeline halted operations in December.
Nexen today became the latest company to confirm that production had restarted from its fields served by the Forties pipeline.
Oil giant Shell has confirmed that it will undertake a phased increase in production within the "coming days" from its Shearwater and Nelson platforms now that the Forties pipeline has been mechanically repaired.
Forties pipeline operator Ineos has announced that it has started pressure testing on the structure.