News Articles for Apache Corporation

Speculation is mounting that Apache Energy is set to spin-out its Western Australian assets into a separate entity, with Macquarie Capital Advisers appointed to act on its behalf.

Court action filed by both Santos and Apache is set to continue in the Western Australian Supreme Court over several disagreements relating to a joint venture of gas fields offshore in the Carnarvon basin.

FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money' will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.

Oil and gas exploration company Carnarvon Petroleum has announced a major oil discovery on the North-West Shelf, which it claims represents the largest in Australia for 30 years.

Western Australia is once again the key player in a money flood, though this time it's outgoing rather than incoming.

US-based oil and gas company Apache Corporation has admitted it intends to completely exit liquefied natural gas projects, including its 13 per cent interest in Chevron's Wheatstone project.

Pankaj Oswal has lost a bid to delay a $500 million lawsuit in which he is suing Apache Corporation over damages related to the cost overrun on the development of Burrup Fertilisers' ammonia plant in the Pilbara.

FEATURE: The state's premier oil and gas training institute has joined forces with Northern Territory-based Charles Darwin University in the search for a training provider to tackle a looming oil and gas skills shortage.

Vikas Rambal is pushing ahead with his multi-billion dollar fertiliser plant and pursuing a newfound appetite for property investment.

Fortescue Metals Group has called for the phasing out of the state government's contentious domestic gas reservation policy, which has traditionally been backed by big gas buyers, in favour of stricter application of the ‘use it or lose it' rules.

Kashif Saleem arrived in Perth without a dollar to his name; now his technology is in demand from the world's most valuable companies.

Karoon Gas has farmed out a 50 per cent stake in an oil and gas exploration permit in the Carnarvon Basin to Apache Corporation for an initial cost of $US9 million.

Global oil and gas services company ASCO Group has added another string to its bow with the $28 million purchase of a majority stake in logistics provider Bonnie Rock Transport.

A partnership between oil and gas heavyweights Woodside Petroleum and Chevron, and the University of Western Australia is changing the design of offshore pipelines and cutting construction costs for the expensive infrastructure.

Western Australia's domestic gas production has recorded its first significant quarterly growth since 2008, helped by the opening of BHP Billiton's $1.5 billion Macedon project.

Apache Energy is set to farm-in to the Canning Basin, signing a $25 million agreement to earn a stake in oil and gas exploration permits held jointly by Buru Energy and Mitsubishi Corporation.

Business News' annual export review charts the state's reliance on a handful of major companies and commodities, despite the emergence of new players.

Fertiliser producer Yara Pilbara has committed more than $50 million towards housing its growing workforce in Karratha as it works towards opening an $800 million ammonium nitrate plant.

An array of large and small projects will push WA's petroleum production to 1 million barrels of oil equivalent per day for the first time next year.

Perth-based electrical contractor JT Day has won two contracts, collectively worth $59 million, with international engineering group Bechtel at Chevron's Wheatstone liquefied natural gas project ne

Apache Northwest, Santos and Tap Oil announced today that drilling at the Bianchi-1 natural gas well co-owned by the three companies had confirmed a gas discovery, the second for the companies' offshore Carnarvon Basin joint exploration projects. Bianchi is located in the WA-49-R retention lease, around 60km north-west of Onslow and west of Barrow Island, and approximately 21km south of the Gorgon gas field. It is the second confirmed gas discovery in the retention lease, after the Zola-1 well, owned by the same companies and located about 6.4km south-west of the Bianchi site, tested positive in April 2011.

A newly completed study of cities focused on the energy sector has ranked Perth high on the list of international destinations, as an increasing number of global oil and gas companies build their p

Western Australia has a lengthy pipeline of prospective oil and gas projects but their size and nature will limit opportunities for local businesses.

A flexible approach to business and staying true to its values have been the keys to the success of Bhagwan Marine, which has become a major service provider to the offshore oil & gas s

UNITED States Ambassador to Australia Jeffrey Bleich says the US economy is well on its way to recovery, presenting a bullish perspective on the superpower's outlook.

United States Ambassador to Australia Jeffrey Bleich has hailed Western Australia's "extraordinary" growth and development, announcing the opening of a commercial services office at the US consulat

Sarah ElkhatibSenior associate, geotechnical engineerArup

Steve Gostlow's punt on Tox Free Solutions is starting to pay dividends.

Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.

ASK the average Western Australian to name the state's major petroleum export and most would surely answer liquefied natural gas.

Work on major LNG projects involving Western Australian companies is progressing with $580 million worth of contracts awarded in the past few days.

Traditional takeover activity in corporate Western Australia has been quiet this year but it's a different story in the oil and gas sector.

AUSTRALIA'S two major ammonium nitrate producers are punting $1.3 billion that the mining boom has enough legs to justify their investment in new production capacity.

GOVERNMENT grant schemes are providing a significant boost for product innovators, from early-stage research businesses to established companies.

In McNally Group's first year of operations, in the 2008-09 financial year, the modular building company turned over $439.

A long-awaited report into the Varanus Island gas plant explosion has concluded that plant operator Apache Energy was ultimately responsible and questioned it's staffing levels, systems and safety

Giant liquefied natural gas projects like Gorgon and Pluto dominate coverage of the oil and gas sector, yet there are plenty of other developments under way.

If you are a ‘glass half-full' person, the LNG boom has presented great opportunities for local industry, but not everyone is happy.

Apache Corporation today confirmed it has signed a deal with ANZ Bank to buy the 65 per cent interest in Burrup Holdings once held by the Oswal Group.

International oil and gas giant Apache Corp says it has received federal government approval to develop two new natural gas fields off the Western Australian coast.