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.
Forties
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.
Forties pipeline restarted after overnight shutdown
Ineos has confirmed it has restarted its Forties Pipeline system after the second shutdown in recent months.
Shell shielded from Forties fallout by ‘internationalisation’, North Sea sales
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 to service Apache’s Forties, Beryl fields for another 3 years
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.
Ineos reorganises oil and gas business with 6 new units
Petrochemicals giant Ineos today confirmed the reorganisation of its oil and gas business.
Still ‘too early to celebrate’ $70 oil, experts say
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.
Apache lowers production outlook due to Forties closure
US oil firm Apache has lowered its fourth-quarter production outlook for its international business due to the Forties pipeline closure.
Serica confirms production restarted on Erskine after Forties fix-up
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 latest to confirm restart after Forties repairs
Nexen today became the latest company to confirm that production had restarted from its fields served by the Forties pipeline.
Shell to increase North Sea production in ‘coming days’
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 repairs ‘mechanically complete’, Ineos says
Forties pipeline operator Ineos has announced that it has started pressure testing on the structure.