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Monday, August 18, 2014

  • Apache find in Australia may boost possible sale value

    HOUSTON (Bloomberg) -- Apache Corp., the U.S. oil producer weighing plans to sell international assets after investor pressure, announced the largest discovery in 20 years off the coast of Western Australia. The Canning basin may hold as many as 300 MMbbl of oil, according to six samples from a well about 110 miles (180 km) north of Port Hedland, the Houston, Texas-based company said in a statement. Apache holds a 40% stake in the area that includes the Phoenix South-1 well. One of its partners, Carnarvon Petroleum Ltd., rose the most in 24 years on the news.

    Exploration, Offshore, Australia, North America Read More

Thursday, April 14, 2011

  • Apache makes major gas discovery at Zola well

    Apache makes major gas discovery at Zola well Apache has made a large gas discovery in the Zola 1 exploratory well on the North West Shelf of Australia. The Zola 1 discovery well and the subsequently drilled sidetrack appraisal well

    Exploration, Drilling and Completions, Offshore, Australia Read More

Tuesday, January 15, 2013

Monday, August 10, 2009

  • Apache resumes Varanus Island gas deliveries

    Apache resumes Varanus Island gas deliveries Apache Corp. has formally concluded a force majeure and resumed gas deliveries from a previously disabled pipeline at its Varanus Island development in Western Australia. A June 3, 2008 pipeline explosion and fire interrupted

    Australia Read More

Sunday, July 06, 2014

  • Apache said to seek buyer for holdings in Wheatstone LNG project

    HOUSTON (Bloomberg) -- Apache Corp., the energy company that has announced $9.8 billion of asset sales in the past year, is seeking a buyer for its interests in the Wheatstone LNG project, people familiar with the matter said. The oil and gas producer is in early discussions with potential buyers for its holdings in the A$29 billion ($27 billion) project in Western Australia, said the people, who asked not to be identified as the matter is private. Macquarie Group Ltd. and Goldman Sachs Group Inc. are advising Houston-based Apache on the sale, they said.

    Industry Overview, Australia, North America Read More

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