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Tag: Apache

Apache to invest $995 million in discovery wells this year

Posted: January 15, 2016 at 8:42 pm   /   Oil & Gas

Mohamed Abdel Azim, head of Khalda Petroleum Company, Apache’s partner in Egypt, said that despite the current downturn in the global price of oil, Apache has allocated about US $ 995 million investments during the fiscal year 2015-2016 budget for the drilling of 94 development and exploratory wells. Abdel Azim added that the company’s current […]

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Anadarko issues statement on offer to acquire Apache Corp

Posted: November 12, 2015 at 7:47 pm   /   Oil & Gas

Anadarko Petroleum Corporation announced the following statement from Chairman, President and CEO Al Walker: “We constantly strive to make Anadarko a better company. As part of these efforts to enhance value, and after extensive analysis of public information, we recently sent Apache Corporation a non-binding offer to acquire the company. The proposed all-stock transaction, which […]

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Apache announces first-quarter financial and operational results

Posted: May 13, 2015 at 2:03 pm   /   Oil & Gas

Apache Corporation announced a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which includes an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. When adjusted for certain items that impact the comparability of results, Apache’s first-quarter loss totaled $139 million or $0.37 per […]

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Apache Corporation reports strong results from discoveries in Egypt's Western Desert

Posted: April 1, 2015 at 10:55 pm   /   Oil & Gas

Apache Corporation reported strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial discoveries were announced with the fourth quarter 2014 results on Feb. 12, 2015. Development leases were approved by the Egyptian General Petroleum Corporation (EGPC) and Ministry of Petroleum in […]

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