U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive.The unit of APA Corp did not say how many workers would be cut as a result of the move. The UK last May imposed a windfall profit tax on oil and gas producers that was raised to 35% in November, bringing total tax on the sector to 75%…
Industrial data and engineering consultancy Imrandd has secured contract with Apache North Sea, expanding scope to include pipeline capability.The renewal extends Imrandd’s ongoing provision of integrity data analytics and onshore integrity…
With the British government's announced plan to increase the windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, a move to fund renewable energy projects, U.S. President-elect Donald Trump took to…
Peterson Energy Logistics has secured an integrated logistics contract with the oil and gas company Apache North Sea Limited.Peterson will deliver quayside, receipt and dispatch, and fuel services from its bases in Aberdeen and Edzell. The logistics…
Norwegian offshore vessel owner Rem Offshore on Tuesday announced it has secured multiple contracts for several of its platform supply vessels (PSV).Rem Cetus, Rem Insula and Rem Server have been extended for one year with Apache North Sea Limited in the U…
Offshore decommissioning firm Well-Safe Solutions and oil firm Apache Corporation have signed a multi-year framework agreement to plug and abandon wells in the North Sea.The deal provides Apache with access to Well-Safe Solutions' decommissioning rigs…
Oilfield services firm Expro has secured a $50 million contract with oil and gas company Apache Corporation for work on its Beryl and Forties assets in the UK North Sea.The fully integrated well intervention and integrity services contract involves…
Oil and gas company BP has chartered Prosafe's offshore accommodation rig Safe Zephyrus for work in the UK North Sea.The Safe Zephyrus, with beds for 450 persons, in single-man cabins, will provide gangway-connected operations to support the…
Norwegian offshore vessel operator Rem Offshore has in the past few days announced long term contracts with Apache Corporation in the UK North Sea for three of its platform supply vessels.Rem offshore last week said it had won contracts for the platform supply vessels Rem Cetus…
After a string of offshore oil discoveries in Suriname's Block 58 in the past year, U.S. oil firm Apache is lining up another exploration well and is set to award two rig deals for the 2021 drilling program.To remind, the company, with its partner Total…
Oilfield services company Archer has won a four-year contract extension to provide platform drilling and maintenance services for Apache in the UK North Sea.The contract covers services aboard the Beryl Alpha and Bravo, Forties Alpha, Bravo…
Oil and gas company Neptune Energy has informed that subsea construction works have kicked off that will eventually see its Seagull offshore field tied back to BP's ETAP platform in the UK North Sea.Seagull is a high pressure, high temperature…
Oil and gas company Apache, with its partner Total, is on the hunt for its fourth offshore oil discovery in Suriname.The company has this year announced discoveries at Sapakara West, and Maka Central, and most recently, Kwaskwasi well - all in Block 58…
Norwegian marine seismic surveyor Shearwater GeoServices has won a contract with Apache for a 4D seismic survey with 3D extension over the Forties Field in the UK North Sea.Irene Waage Basili, the CEO of Shearwater GeoServices: 'We are very…
Offshore Drilling company Diamond Offshore posted a net loss of $74 million for the fourth quarter of 2019.The result is an improvement compared to a loss of $79 million in the fourth quarter of 2018, and also compared to the third quarter 2019 loss of $95 million…
