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  • 30 August 2013

     Apache Corporation and Sinopec International Petroleum Exploration and Production Corporation today announced they have launched a global strategic partnership to pursue joint upstream oil and gas projects. As the first step in this partnership, Apache will receive $3.1 billion in cash, subject to customary closing adjustments, in exchange for Sinopec gaining a 33 percent minority […]

  • 5 November 2010

    Apache Corporation (NYSE, Nasdaq: APA) today announced that a subsidiary has completed its acquisition of BP’s oil and gas operations, acreage and infrastructure in Egypt’s Western Desert. The transaction marks the final step in Apache’s previously announced three-part acquisition of BP assets. Apache’s subsidiary paid $650 million to acquire four development leases and one exploration […]

  • 2 April 2020
    Business & Finance

    Houston-based oil and gas company Apache Corporation has revealed it would be making greater cost reduction in 2020 than previously anticipated.

  • 23 December 2019
    Exploration & Production

    As Guyana has just become an oil-producing country with ExxonMobil reaching first oil at the Liza field over the last weekend, oil major Total is hoping to replicate the achievement in nearby Suriname.

  • 23 June 2014
    Project & Tenders

    Apache Corporation, the operator of the Phoenix South-1 exploration well has encountered problems during drilling operations, a partners in the licence says.

  • 7 November 2013

    Apache Corporation today announced third-quarter 2013 earnings of $300 million or $0.75 per diluted common share and adjusted earnings, which exclude certain items that impact the comparability of results, of $932 million or $2.32 per share. For the same period in the prior year, Apache reported earnings of $161 million or $0.41 per diluted common […]

  • 7 February 2013
    Business & Finance

    In the following video, Apache Corporation presents ist Coniston development project, located offshore Western Australia. The Final Investment decision for the project was made by Apache and INPEX in December 2011. The project involves development of the Coniston and Novara oil fields via a tie-back to subsea infrastructure already in place for the Apache-operated Van […]

  • 28 August 2014
    Equipment

    UTEC Survey Australia Pty Ltd has announced the successful completion of a major infield inspection of approximately 550 km of pipelines and 20 infield structures off the North West coast of Australia using two of its Gavia autonomous underwater vehicles (AUV). The work was completed on behalf of Apache Energy Limited.  Offshore activity started in […]

  • 17 February 2014

    Apache Corporation announced several changes to its executive organization: Roger Plank, president and chief corporate officer, has elected to retire from Apache. Alfonso Leon, senior vice president and chief of staff, has been appointed executive vice president and chief financial officer, reporting to G. Steven Farris, chairman, chief executive officer and president. Leon will lead […]

  • 11 November 2010
    Business & Finance

    Apache Corporation  announced that it has completed its merger with Mariner Energy . The merger closed  following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million in cash to Mariner stockholders. Apache also assumed Mariner’s debt with current fair […]

  • 27 June 2013
    Business & Finance, Project & Tenders

    Tap oil, an independent oil and gas company from Australia, has announced that drilling operations for the 8½” (216mm) section continued at the Apache-operated Bianchi well. The well was drilled to a depth of 5,302 metres. The Joint Venture has agreed to deepen the well and drill to a new total of at least 5,322 […]

  • 2 April 2015

    Australian oil and gas company Woodside has completed the previously announced acquisition of Apache’s Wheatstone LNG and Balnaves oil interests in Australia. The companies will now work to close the transaction of Kitimat LNG project interests in Canada. The value of the whole deal, Canada and Australia, has been set at $2.75 billion and an expected closing […]

  • 31 March 2014

      Apache Corporation and its subsidiaries announced an agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia, Canada, for $374 million. Incremental to Apache’s earlier $2 billion share re-purchase announcement, the company plans to use the proceeds of this transaction to buy back Apache common […]

  • 18 February 2013

    BSEE on Friday announced it was responding to a report from offshore oil and gas operator Apache Corporation of an underground flow of natural gas at an exploratory well being drilled in the Gulf of Mexico approximately 50 miles east of Venice, LA. There is no detection of gas at the seafloor or pollution at […]

  • 20 January 2015

    G. Steven Farris , 66, chairman, president and chief executive officer of Apache Corporation has announced his retirement effective January 20, 2015. Farris will continue as non-executive chairman of the board until May 1, 2015 , at which time he will retire from the board. John J. Christmann, IV , 48, Apache’s executive vice president […]

  • 14 March 2011

      Apache Corporation today announced that Dave Gilbronson and Mark Bright will lead Apache’s oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to vice president of North America marketing. Gilbronson, director of risk management since 2009, joined Apache in […]

  • 28 March 2013
    Project & Tenders

    Apache Corporation said that an Australian subsidiary and its partners have signed long-term sales and purchase agreements with Chubu Electric Power Company, Inc. for liquefied natural gas from the Chevron-operated Wheatstone Project in Western Australia. The Wheatstone partners have agreed to supply Chubu Electric with 1 million metric tons per annum (mtpa) of LNG for […]

  • 24 August 2012

    Apache Corporation announced two new executive appointments: Alfonso Leon has been promoted to senior vice president and chief of staff. Brady Parish joins Apache as vice president, investor relations. In his new role as chief of staff, Alfonso Leon will support the delivery of Apache’s growth strategy, performance and portfolio management, partner relationships and new […]

  • 16 February 2012
    Business & Finance

    Apache Corporation today reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion or $11.47 per diluted common share, up 50 percent from $3 billion or $8.46 per share in 2010. Production increased 14 percent to 748,000 barrels of oil equivalent (boe) per day. Cash from operations […]

  • 26 August 2015

    Houston-based Apache Corporation has taken legal action against Australian LNG player, Woodside due to issues related to disputed payments for Wheatstone LNG project.

  • 10 April 2017
    Business & Finance

    Oil and gas company Apache Corporation has appointed a new managing director of its subsidiary, Apache North Sea, on March 31, 2017. Apache’s spokesperson told Offshore Energy Today on Monday that the company named Jon A. Graham as the North Sea region vice president and the managing director of Apache North Sea, succeeding Cory L. Loegering. “After two […]

  • 14 March 2011
    Business & Finance

      Apache Corporation  today announced that Dave Gilbronson and Mark Bright will lead Apache’s oil and gas marketing organization, which will be divided along geographic lines. Gilbronson has been appointed to vice president of international marketing and Bright to vice president of North America marketing. Gilbronson, director of risk management since 2009, joined Apache in […]