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With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
Aly Ashraf Hassanein al Gharabli ran operations for an ISIS-linked militant group that claimed responsibility last year for murdering William Henderson.
The appointments come as Newfield seeks to grow its domestic resource plays, the company said.
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.
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 has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.
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.
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 called the claims “without merit.”
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.