Apache Energy News

 

Woodside axe to spur legal action

Mar 04, 2016

Bumi Armada intends to take legal action against Woodside Energy after Woodside terminated a floating production storage and offloading (FPSO) charter contract for operations offshore northwestern Australia. The Armada Claire…

Apache selects Harkand for Nevis South work

Feb 29, 2016

Harkand, an inspection, repair, maintenance (IRM) and light construction company, has been chosen to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea. The project…

Well-Centric bags US$12 million in Apache work

Dec 15, 2015

Wellhead servicing specialist Well-Centric secured a US$12 million (£8 million) contract to provide offshore and onshore maintenance and repair services to Apache’s North Sea subsidiaries. The three-year deal will see Dyce-based Well-Centric provide offshore wellhead maintenance services…

Apache puts focus on drilling

Dec 08, 2015

Apache is to increase investment in drilling to 78% of its annual capital spending in 2016-2020, compared to 51% in 2012-2015, a business breakfast was told in Aberdeen this morning.  Investment in seismic will double, from 5% of its capital spending to 10%…

Apache: Significant North Sea reserves potential

Nov 18, 2015

Houston-headquartered Apache Corporation has claimed it has increased its North Sea reserves by some four to seven times since the end of 2014.  In a trading update highlighting the performance of its North Sea business, focusing on the Forties and Beryls assets…

Apache rejects Anadarko bid

Nov 11, 2015

Houston-based Anadarko Petroleum revealed today (11 November) that it was the rejected party in the rumored acquisition of US-based Apache, which consisted of an all-stock transaction offer.   Image from Anadarko…

Apache targeted for takeover

Nov 09, 2015

US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…

Apache up North Sea reserves 50%

Nov 02, 2015

Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…

Apache extends Archer contract

Sep 08, 2015

Apache has exercised the first of two options to extend its existing contract with Archer for the provision of platform drilling services for one year. 'We are very pleased to have been awarded this contract extension.  It is excellent…

Staatsolie, Apache sign PSC agreement

Jun 25, 2015

Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and  production phases…

Quadrant takes over Apache Australian business

Jun 09, 2015

The Macquarie/Brookfield-led consortium completed the acquisition of Apache’s Western Australian business, renaming the business Quadrant Energy, according to partner Carnarvon Petroleum. Phoenix map…

Shake up at Apache

Jun 01, 2015

Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to 'streamline' the business, including creating an 'offshore' division. The move includes creating 'more integrated, super-region structures…

Apache exits Aussie business for $2.1 billion

Apr 09, 2015

Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…

Apache’s Phoenix gets resource appraisal

Apr 07, 2015

Apache Energy’s Phoenix area off Western Australia is estimated to contain 48-232 MMbbl of contingent and prospective recoverable oil, according to an independent technical advisor. Map from Carnarvon…

Neptune gets Apache Australia gig

Apr 02, 2015

Neptune Marine Services has been awarded an 18-month rig positioning and mooring services contract for Apache Energy, in Australia.  The contract is set to begin in May 2015, and come with two extension options. It will see Neptune…

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