Tag: Apache Corp.

Apache announces new offshore Australia discovery

HOUSTON — Houston-based Apache Corp. announced Monday that it made its first offshore oil discovery in Australia’s Canning Basin, located off the west coast of the country. Officials with the company say their measurements indicate that, optimistically, there could be as much as 300 million barrels of oil in place at the basin. The company […]  More »

Obit indicates Arkansas man was Apache supervisor slain in Egypt

Details in an obituary indicate the Apache Corp. worker killed in Egypt last week was a 28-year company veteran who mostly recently lived in Fayetteville, Ark.  More »

Slaying of Apache Corp. worker underscores dangers in Egypt

The shooting death of an Apache Corp. oil worker in Egypt last week underscored the dangers of working in Egypt’s remote oil patches, and may make investors nervous about the Houston company’s continued presence there.  More »

Most majors keep investments in lower risk countries, report says

Major oil and gas companies have continued to base the majority of production in low-risk countries, with a handful of exceptions, according to a new analysis.  More »

New pipeline to move stranded oil from Eaglebine

An Oklahoma firm is planning a pipeline to carry crude docked at the ancient meeting place of shale and sandstone formations in East Texas to Houston’s oil refining hub.  More »

Apache profits down 50 percent, announces plans to sell stake in two LNG projects

Apache Corp., the Houston-based exploration and production company, saw its profits fall 50 percent in the second quarter following a year in which it shed many of its assets.  More »

Apache attempts to reassure investors about N. American focus

In response to complaints from an activist hedge fund, Houston-based Apache Corp. said it will continue to focus more closely on North American onshore exploration and production.  More »

Wolfcamp Shale layers could put play among most profitable

Wood Mackenzie showed that operators with at least five years of proprietary drilling or that spend around 70 percent of their North American budgets in the Wolfcamp have seen as much as six times the oil production per 1,000 foot lateral drilling lengths, measured over 10 months.  More »

Apache names Annell Bay to its board

Bay, 58, recently retired after six years as vice president of Global Exploration at Marathon Oil Co.  More »

Executive pay drops as shareholder pressure rises on oil giants

Several of the largest U.S. energy companies cut into top-shelf executive pay last year as activist investors pushed them to shrink their oil empires and steer more capital to shareholder pockets.  More »

Energy executives turn pessimistic about industry’s future

Chief financial officers of some of the largest energy companies are more pessimistic than the rest of the business community on earnings growth, according to a new survey released by the consulting firm Deloitte.  More »

Apache to sell Canadian assets for $374M

Apache Corp. has struck a deal to sell oil and gas acreage in western Canada for $374 million, freeing up cash to reward investors with further share buybacks, the company said Monday.  More »
Page 1 of 3123