Tag: Apache

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »

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 »

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 names Annell Bay to its board

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

A dash of saltwater could make fracturing more palatable

In a part of Texas where freshwater is especially precious, some oil and gas producers are learning to do without it in their hydraulic fracturing.  More »

Apache to shrink stake in Canadian LNG

Apache Corp. President and CEO G. Steven Farris announced Tuesday that the company expects to reduce its stake in an LNG project in Canada as part of a strategy that continues to shift the company’s focus towards North American, onshore liquid production.  More »

Apache president steps down, new CFO announced

Apache President and Chief Corporate Officer Roger Plank will step down after 32 years with the Houston-based oil and gas producer, the company announced Friday along with other leadership changes.  More »

Apache earnings drop with production losses

Houston-based exploration and production company Apache Corp.’s fourth quarter profits were down 73 percent as a result of asset sales that impacted production levels, the company report Thursday.  More »

Apache has $800 million deal for Argentina operations

Apache Corp. has a deal to sell its operations in Argentina to YPF Sociedad Anonima for $800 million in cash.  More »

Egyptian oil ministers looking for investors for upcoming bid round

Egyptian oil and gas officials touted the promise of an upcoming bid round in a visit to Houston Monday afternoon, saying that the promise of the Nile Basin, Mediterranean Sea and Red Seas could contain billions of barrels of oil.  More »

Apache’s production hit by weather, asset sales and spending cut

Apache Corp. said Thursday that its Permian Basin and central region production took a hit in the fourth quarter due to severe weather.  More »
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