Apache Makes Major Discovery Offshore Suriname
Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery, dubbed "among the most anticipated in the world" by one brokerage…
Keenan Leaves Apache Corp
Oil and gas industry veteran Steven Keenan, who was credited with a high-profile shale discovery for Apache Corp, resigned on Wednesday from his position as senior vice president of worldwide exploration, the company said on Friday.Houston-based…
U.S. Oil Rig Count Rises for Fifth Straight Week - Baker Hughes
U.S. energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Drillers added one oil rig in the week to Feb. 23, bringing the total count up to 799, the highest level since April 2015…
Apache's Latest Plan Shows U.S. Shale Boom Has Legs
Apache Corp Chief Executive John Christmann is betting the future of his company on a remote corner of the Permian Basin, the largest U.S. oilfield, planning to spend billions of dollars in the next 20 years to drill more than 5,000 wells. The development…
Apache Corp to Develop New Texas Oilfield, Raises Capex
Oil and gas producer Apache Corp raised its capital budget for the year and said it would spend more than a fourth of the amount on a newly discovered oilfield in Texas. The company's shares rose 8.4 percent to $55.99 in premarket trading on Wednesday.
OPEC, Russia Teamwork all Talk, No Action
Lukoil says Russia needs to work with OPEC; OPEC evaluating whether to hold emergency meeting. Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades…
Oil Industry Turns to Women in Hour of Need
Facing one of its worst crises in a generation, the oil industry is trying to open up - to women. Even when oil was selling at above $100 a barrel, most of the industry's top executives said they struggled to find and retain young talent. Year after year…
Iran Uses Maritime Confrontations to Project Power in Gulf
Iran is using its sea power in the Gulf to show it will not be cowed by Washington's newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Iranian ships fired shots at a Singapore-flagged tanker which it said damaged an Iranian oil platform…
Flooding, Ice Close AK North Slope Highway
Alaska's lone road to North Slope oilfield operations has been shut for days while emergency crews divert flood waters from an adjacent river and oil companies fly provisions to the Arctic region, state and company officials said on Thursday. The road closure…
Europe's Energy Sector Hopes for Mild Winter
Mild weather pulls down energy demand, but farmers fear third wet winter will hit revenues. A predicted mild and wet winter might save Europe from the worst impact of a potential Russian gas supply disruption, but it would mean another difficult…
