Marathon to lay off 350 to 400 workers
As of the end of 2014, Marathon employed about 3,300 internationally.
View ArticleU.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil...
Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.
View ArticleSupply vessel hits Apache platform; company says no injuries or spills
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.
View ArticleMoody’s: North American oil companies cut capital spending 41 percent in 2015
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.
View ArticleConocoPhillips hires Scotiabank to sell some Canadian assets
Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.
View ArticleApache has pumped almost 1 million barrels of oil from its Egypt fields since...
Apache has already spent $14 million to install production facilities at two fields in Egypt's Western Desert.
View ArticleEnergy executives create new company in Tulsa
The five businessmen, who have all spent time at oil and gas company Apache Corp., say the company will focus on producing oil and natural gas liquids.
View ArticleApache Corp. is exiting Australia with a $2.1 billion asset sale
The assets produced the equivalent of about 49,000 barrels of oil a day in March.
View ArticleVideo: Three injured in North Texas after tornado hits Houston company’s...
The sherriff's office said one of the injured suffered an "impalement to the abdomen," and another had non-life-threatening injuries to the face. The third had minor injuries, and was in stable...
View ArticleApache reorganizes leadership, closes offices
Houston-based Apache CEO and President John Christmann, who abruptly took over the CEO role in January, is merging North American operations into two "super regions" in Houston and the Permian region...
View ArticleFreeport-McMoRan’s offshore drilling firm going public
Houston-based Freeport-McMoRan Oil & Gas Inc. could be the first U.S. oil producer to launch an initial public offering this year, a sign that investors are figuring out what values to put on...
View ArticleKaty-based CNG company adds another Houston fueling station
In just a few years of rapid growth, the Houston area now counts more than a dozen CNG stations from Rosenberg up to Conroe, including one by Apache Corp. in the Galleria area.
View Article2015 already a record year for writedowns, IHS says
Beleaguered drillers wrote off $29 billion in the first quarter of the year alone, more than the 2014 full-year total of about $25 billion.
View ArticleApache posts $5.6 billion loss, but still beats analyst estimates
Apache saw its oil production grow from both the first quarter and the second quarter of 2014, buoyed primarily by gains in Texas' Permian Basin and in Egypt.
View ArticleHalfway through hurricane season, weather largely calm
The hurricane season runs from June 1 through November, and usually peaks from mid-August through late October. This year's season started early when Tropical Storm Ana struck South Carolina in May,...
View ArticleApache pulls back rigs but still expects to grow production
Despite the downturn, the Houston oil producer believes it can boost its oil production this year
View ArticleApache shares surge on report of interested buyer
Apache Corp. shares climbed as much as 13 percent on Monday.
View ArticleAnadarko has pulled offer to buy Apache, CEO says
The CEO of Anadarko Petroleum Corp. has confirmed his company recently approached smaller rival Apache Corp.
View ArticleApache, BP and others expand in emerging Egypt
Houston-based Apache Corp. focused on growing in U.S. shale plays and selling most of its international assets. But now that the oil bust is in full bloom, especially in North America, Apache's chief...
View ArticleCost-cutting narrows Apache’s 2nd-quarter loss
Apache Corp., one of the country’s largest independent oil and gas producers, reported on Thursday that it, too, lost money because of low oil prices, but less than it did last year. Apache posted...
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