Apache turns a profit in Q1 despite extended North Sea downtime
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.
Forties
Bristow loses Apache North Sea contract to CHC
Bristow has lost its contract with Apache North Sea to rival helicopter operator CHC.
Shell makes largest purchase of North Sea oil in a decade as prices power higher
Shell snapped up the largest amount of North Sea oil in over a decade during the market’s main trading window for physical cargoes, underpinning signs of sharply tightening supplies.
Bafta-winning director making documentary on 1970s ‘oil boom’ in Highlands
A Bafta-award winning filmmaker is creating a new documentary on how the 1970s oil boom transformed the fate of a small village in the Highlands.
Apache in profit for Q3 as cost cutting initiatives outstrip expectations
North Sea oil firm Apache was in the black in the third quarter of 2020 as its cost-saving initiatives outstripped expectations.
King Chrysaor, dratted imperialists, and five days of Forties at 50
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.
‘I might have left BP’ for Aberdeen property boom post-Forties
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.
Legacy of Forties goes beyond the North Sea
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.
Forties at 50: Golden age of the oil boom in the north-east
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 deep in the red as impairments hit hard
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.
Encouragement as Apache plans new production well in Forties area
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.
Apache, Ineos in legal row over Forties pipeline tariffs
US firm Apache has taken legal action against petrochemicals giant Ineos in a row over the Forties pipeline in the North Sea.
Court blocks Apache’s bid to recover £2million costs for failed North Sea well
A court has blocked Apache’s bid to recover more than £2million in costs for a failed exploration well in the UK North Sea.
DNV GL wins deal with Apache for Beryl and Forties assets
Energy advisory firm DNV GL has announced a new "major" deal with North Sea operator Apache Corporation on its Beryl and Forties assets.
Petrofac lauds Aberdeen as ‘big recruitment growth’ centre
Petrofac bosses have said Aberdeen is one of the “biggest areas of recruitment growth” for the global energy service group.
Shell to spend $1.5bn on UK decommissioning through to 2025
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.
North Sea production reaches two-year high at Apache
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 a show of faith in North Sea’s future
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
Ineos to pump £500m into Forties pipeline rejuvenation plan
Petrochemicals giant Ineos will invest £500 million to extend the life of a key North Sea pipeline system by "at least 20 years".
Apache North Sea profits skyrocket as crude prices rise
Resurgent crude prices kept Apache Corporation’s North Sea business on an upward trajectory last year.
Apache is latest firm to scrap three week rotas
US oil firm Apache Corporation has become the latest company to scrap unpopular, three-week rotas in the UK North Sea.
North Sea’s largest producing oil field shut down – report
The North Sea's largest producing oil field has been shutdown amid planned maintenance, according to a report from Reuters.
Marathon Oil reports small loss as shale focus intensifies
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.
Forties closure takes major toll on UK production
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.