Tag: Apache Corp.

ConocoPhillips hires Scotiabank to sell some Canadian assets

Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.  More »

Moody’s: North American oil companies cut capital spending 41 percent in 2015

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.  More »

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

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.  More »

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

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.  More »

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 »
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