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Apache Corp.

(Eddie Seal/Bloomberg)

Freeport-McMoRan’s offshore drilling firm going public

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Houston-based Freeport-McMoRan Oil & Gas Inc. could be the first U.S. oil producer to launch an initial public offering this year, a sign that investors are figuring out what values to put on private oil and gas companies amid relatively steady $60 crude.
A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Apache reorganizes leadership, closes offices

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Houston-based Apache CEO and President John Christmann, who abruptly took over the CEO role in January, is merging North American operations into two “super regions” in Houston and the Permian region in Midland. A third international and offshore super region will consist of Apache’s Egypt, North Sea and Gulf of Mexico regions.
Emir Nevarez, left, and Edgar Mascorro, check out the damage on the rooftop at the Silver Springs Apartments in North Austin, Texas, Sunday, May 24, 2015. (Ricardo B. Brazziell/Austin American-Statesman via AP)

Video: Three injured in North Texas after tornado hits Houston company’s natural gas rig

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The sherriff’s office said one of the injured suffered an “impalement to the abdomen,” and another had non-life-threatening injuries to the face. The third had minor injuries, and was in stable condition as of Wednesday night, according to Reuters.
The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache Corp. is exiting Australia with a $2.1 billion asset sale

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The assets produced the equivalent of about 49,000 barrels of oil a day in March.
(Photo by Andrew Burton/Getty Images)

Energy executives create new company in Tulsa

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The five businessmen, who have all spent time at oil and gas company Apache Corp., say the company will focus on producing oil and natural gas liquids.
(Apache Corp.)

Apache has pumped almost 1 million barrels of oil from its Egypt fields since November

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Apache has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.
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ConocoPhillips hires Scotiabank to sell some Canadian assets

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Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.
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Moody’s: North American oil companies cut capital spending 41 percent in 2015

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North American exploration and production companies have collectively cut their capital budgets this year by 41 percent, according to a new analysis published Tuesday by Moody’s Investors Service.
A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Supply vessel hits Apache platform; company says no injuries or spills

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Apache said the platform has been shut down but there hasn’t been any leak of oil or gas. It’s unclear when production will resume.
(AP Photo via militant video)

U.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil workers

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Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.