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Apache

APACHE0608

Apache takes big writedown, report loss for the quarter

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Apache Corp. reported a $4.7 billion writedown because of falling oil and natural gas prices, leading the company to declare a $4.65 billion net loss for the first quarter.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

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Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.
(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.
apache corp. irion wolfcamp barnhart

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.
apache corp. irion wolfcamp barnhart

Protesters target Apache over Argentine drilling

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Apache called the claims “without merit.”
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Apache reports $4.8 billion loss

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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.
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache CEO Farris retires

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John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

BP, ConocoPhillips to cut 530 jobs in the North Sea

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In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years
apache corp. irion wolfcamp barnhart

Apache workers face layoffs as oil prices fall

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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.