Apache to cease North Sea production by 2030 due to windfall tax
North Sea operator Apache (NYSE:APA) has said it will cease operations in the UK by the end of 2029, blaming the impact of the windfall tax.
Apache
HSE warns North Sea firms after Apache enforcement notice
The Health and Safety Executive (HSE) is urging North Sea operators to pay closer attention to offshore safety after issuing a warning to Apache.
Table: The 20 firms commanding the UK’s North Sea oil and gas hubs
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
UK North Sea league table sees shift in top producers
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Beryl, Forties work hits Apache production
Apache missed analyst estimates in the final quarter of the year after a slide in North Sea production caused by outages at key fields.
Analysis: Labour windfall tax plans will slash value of North Sea portfolios
Apache, CNOOC and Equinor will see hundreds of millions of dollars slashed.
Apache boss grills politicians on North Sea windfall tax
“What are you doing about the Energy Profits Levy? Because clearly that’s driving out investment here in the UK.”
‘Should they stay or should they go?’ More North Sea exits predicted in 2024
Analyst firm Wood Mackenzie has predicted more firms could exit the UK North Sea in 2024.
HSE documents name North Sea platforms with lifeboat and training failures
Ithaca Energy, TAQA and Apache installations named in HSE documents.
Exclusive: Over a third of North Sea workers too heavy for lifeboats
‘Angst’ as new HSE data finds 36% of UK offshore workers now above 100kg maximum weight threshold.
HSE slams Apache as 26,000 hours of safety-critical work left unchecked
HSE inspectors have found nearly 26,000 hours of safety-critical maintenance work left outstanding across several Apache North Sea platforms.
Apache to make fresh round of Aberdeen job cuts
Apache decided to suspend North Sea drilling this year over the windfall tax.
‘Back to work’: Ocean Patriot starts Repsol Sinopec contract after being released by Apache
Diamond Offshore (NYSE: DO) has announced it has kicked off a new contract in the UK with Repsol Sinopec after its rig was released early last year by Apache.
Exclusive: Apache plans end to giant Forties oilfield with £200m spending cut
Apache has brought forward plans to end Forties, a foundation of North Sea production since the 70s, by 11 years.
Offshore Europe in the Noughties: North Sea’s longest bull run
We ended part three of our canter through the Offshore Europe with North Sea story with the news that, in 2003, the show had been sold to Reed Exhibitions just as offshore activity was picking up following the second global oil price crash.
Apache, Baker Hughes and NSMP leaders join OEUK board
The trade body, Offshore Energies UK (OEUK), has announced the appointment of Apache, Baker Hughes and NSMP representatives to its board.
Apache sale ‘likely’, NSTA not expected to force change of operator
The regulator is not expected to use its ultimate sanctioning powers here - even if licensing rules have been breached.
Exclusive: Apache cuts dozens of Aberdeen jobs as workers slam ‘political decision’
Apache has suspended all North Sea drilling amid a "burdensome tax and regulatory regime", but workers say the firm is still making a "chunk of cash" from the region.
Windfall Tax price floor: What difference will it make to the North Sea?
While it’s not a panacea - and may never actually kick into force - the windfall tax price floor could help with financing the $5bn of North Sea projects awaiting FID.
Who have been the UK North Sea exploration standouts?
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
Apache to free Ocean Patriot rig in coming months after axing North Sea deal
Apache has set out a timeframe for releasing a Diamond Offshore rig after axing a drilling contract earlier this year.
Apache marks 20 years since taking over Forties field
Apache has marked two decades of ownership of the giant Forties field in the North Sea.
Further Sparrows strikes set to impact dozens of North Sea platforms
Around 200 offshore workers employed by contactor Sparrows Group are set to strike in an escalating row over pay, terms and conditions.
Apache parent triples profits despite North Sea snub
Apache parent APA Corp posted a threefold increase in profits in its full-year 2022 results, which show the North Sea continues to be a cash cow.
Apache slams UK windfall tax as it cancels North Sea drilling contract
Apache has hit out at the North Sea windfall tax for making the sector “less competitive” as it cancels a drilling contract in the UK sector.