Tag: Apache Corp.

Marathon to lay off 350 to 400 workers

As of the end of 2014, Marathon employed about 3,300 internationally.  More »

Apache reports $4.8 billion loss

Exploration and production company Apache Corp. reported a $4.8 billion loss in the fourth quarter and said it would slow its production activity in the face of falling oil prices.  More »

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »

Apache CEO Farris retires

John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.  More »

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »

Apache workers face layoffs as oil prices fall

Apache Corp. began lay offs of hundreds of workers across the globe, a company spokeswoman said, becoming the latest energy company to shed jobs as oil prices fall.  More »

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.  More »

Goodrich pares spending plans, considers selling Eagle Ford assets

In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.  More »

Report: ISIS-affiliated group claims blame for Apache worker’s death

In August, an Apache supervisor was killed during an attempted carjacking while driving on a road in the desert southwest of Cairo, the company said.  More »

Fatal explosion came during maintenance work

The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities.  More »

Feds probe fatal offshore blast

Federal investigators are on the scene of a oil platform in the Gulf of Mexico that exploded on Thursday, killing one person and injuring three others.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Apache to cut North American spending

Apache will cut its North American spending from $5.4 billion to $4 billion, the company told analysts at a presentation in New York, but it said it will be able to spend that money more efficiently.  More »

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »
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