First oil produced from North Sea development

The Garten field is producing more than 16,000 barrels of oil equivalent per day

Neptune Energy to buy stakes in two UK North Sea fields

First production in the Seagull development is expected before the first quarter of 2022

Oil discoveries made in UK North Sea

New oil discoveries have been made in the UK North Sea. Exploration company Apache Corporation found oil in the first two wells which were drilled in the Beryl area. It also announced a large discovery in its Seagull prospect – around 50 miles from its largest oil field in the UK North Sea – Forties Field. Apache estimates the two discoveries to make […]

US oil major Apache looking to exit UK North Sea?

North American oil major Apache is reportedly mulling an exit from the UK’s North Sea. It is said to be considering selling assets or splitting the US business from its UK and other worldwide operations. As the third largest oil producer in the UK North Sea, it claims to have “revitalised” major, mature assets bought from other […]

Big profits mean new investments for Apache

American oil and gas firm Apache has announced profits of $4.5 billion (£2.85bn) for 2011- up 50% from 2010. The company also says it increased production by 14% to 748,000 barrels of oil equivalent (boe) per day. In a company statement Apache said it now plans to spend $9.5 billion in drilling operations in 2012. […]

Apache Corp take over exploration firm

American oil and gas corporation Apache has bought Colarado-based exploration company Cordillera Energy Partners for $2.85 billion (£1.83bn). Cordillera has estimated reserves of 71.5 million barrels of oil equivalent and a current net production of 18,000 boe per day, over a 254,000 acreage in western Oklahoma. G. Steven Farris, chairman and chief executive officer of […]

US firm buys North Sea oil fields

Oil and gas company Apache has snapped up ExxonMobil’s North Sea assets for $1.7billion. The move sees the US firm, which also operates in Australia, Egypt and the USA, gain more of a foothold in the UK after buying into the region eight years ago. The fields produce around 19,000 barrels of oil and natural […]

Statoil joins clean-up team

Not-for-profit organisation Marine Well Containment Company have welcomed Norwegian energy company Statoil as a member. The MWCC is an independent organization committed to improving capabilities for containing a potential future underwater well control incident in the U.S. Gulf of Mexico. Marty Massey, MWCC Chief Executive Officer said: “Statoil joins our effort to improve the containment […]

Newcastle offshore firm bags £150m Apache contract

A UK offshore engineering firm has won a £150m contract from Apache, one of the biggest players in the oil and gas arena. Offshore Group Newcastle will build an oil production platform for the UK Forties field, which Apache Corp bought from BP in 2003. The deal announced today is one of the biggest North […]

Approval for new North Sea oil and gas field

The development of a new oil and gas field in the North Sea has been approved by Energy Minister Charles Hendry. Bacchus oil field is in the central North Sea and has estimated reserves of 18m barrels of oil. The field is operated by Apache with 70%, partnered by Shell UK with 20% and Endeavour […]