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2014-03-16 17:17:00

APACHE SALES ARGENTINA. WHO BUYS?

APACHE SALES ARGENTINA. WHO BUYS?

OILVOICE. Apache Corporation (NYSE, Nasdaq: APA) announced it has completed the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima for cash payment of US $800 million plus the assumption of $52 million of bank debt as of June 30, 2013.

"This transaction essentially marks the end of a process that Apache began last year to rebalance its portfolio to focus on assets in North America that can grow more predictably combined with international assets that generate substantial free cash flow," said G. Steven Farris, chairman, chief executive and president of Apache. "Going forward, Apache is committed to visible and repeatable production growth, fiscal discipline with a rate of return focus, and safe, efficient operations."

Tags: SOUTH AMERICA, ARGENTINA, APACHE, CORPORATION

Chronicle:

APACHE SALES ARGENTINA. WHO BUYS?
2018, November, 12, 12:00:00

TOTAL'S INVESTMENT TO ANGOLA: $16 BLN

THE LOCAL FRANCE - Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country's economy that plunged into crisis following oil price dips in 2014.

APACHE SALES ARGENTINA. WHO BUYS?
2018, November, 12, 11:55:00

CHINA, WESTINGHOUSE NUCLEAR

WNN - China's State Power Investment Corporation (SPIC) says it has signed a memorandum of understanding (MoU) for "global cooperation" in nuclear energy with Westinghouse Electric Company of the USA.

APACHE SALES ARGENTINA. WHO BUYS?
2018, November, 12, 11:50:00

SMALL BRITAIN'S NUCLEAR

WNN - Advanced Nuclear Technologies - otherwise known as small nuclear or small reactor technologies - encompass a wide range of nuclear reactor technologies under development, BEIS noted. "The common attributes that these technologies share is that they are smaller than conventional nuclear power station reactors and are designed so that much of the plant can be fabricated in a factory environment and transported to site, reducing construction risk and making them less capital-intensive," it said.

APACHE SALES ARGENTINA. WHO BUYS?
2018, November, 12, 11:45:00

POLAND, USA NUCLEAR

WNN - Poland and the USA have signed a Joint Declaration of Energy Security, which emphasises the expansion of their cooperation in a variety of areas, including civil nuclear energy. The document was signed in Warsaw yesterday by Polish Energy Minister Krzysztof Tchórzewski and US Secretary of Energy Rick Perry.

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