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Last updated on April 23, 2014 at 21:24 EDT

Latest Varanus Island Stories

2010-11-23 20:30:00

HOUSTON, Nov. 23, 2010 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) said today that the Spar-2 appraisal well in Permit WA-4-R offshore Western Australia tested 58 million cubic feet (MMcf) of natural gas and 950 barrels of condensate per day. Apache's Australia subsidiary plans to bring gas from the Spar Field and nearby Halyard Field to Western Australia's domestic gas market via an existing Apache-operated pipeline 10 miles southeast of Spar-2 and through the Varanus Island...

2010-09-23 19:30:00

HOUSTON, Sept. 23 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) said today that it will proceed with development of the Macedon gas field in the Exmouth Basin in Western Australia. The project will commercialize natural gas from offshore production license WA-42-L, located 60 miles (100 km) west of Onslow. First production is expected during 2013. Apache has a 28.57-percent interest and its share of the estimated $1.5 billion cost is approximately $430 million. BHP Billiton owns...

2008-10-08 09:00:35

Santos, engaged in the production, transportation and marketing of hydrocarbons, has secured a new gas supply contract with Moly Metals Australia for its Spinifex Ridge molybdenum and copper mine located in the Pilbara region of Western Australia. Under the contract, Santos will supply approximately 33 petajoules of gas over six years commencing in mid-2010. The gas will be supplied from the offshore John Brookes gas field, processed at the East Spar gas processing facilities on the Varanus...

2008-08-05 09:01:21

Independent oil and gas producer Apache has reported that high crude oil and natural gas prices fueled record net income of $1.4 billion, or $4.28 per diluted common share, for the second quarter of 2008, a 128% increase from $632 million, or $1.89 per share, in the prior-year period. Net income for the first half ended June 30, 2008 increased to $2.46 billion from $1.12 billion in the previous year's first half. Total revenues for the first half of 2008 were $7.08 billion, compared to...

2008-07-31 09:01:16

HOUSTON, July 31 /PRNewswire-FirstCall/ -- Apache Corporation today reported that high crude oil and natural gas prices fueled record quarterly net income of $1.4 billion or $4.28 per diluted common share, a 128-percent increase from $632 million or $1.89 per share in the prior-year period. Second-quarter cash from operations before changes in operating assets and liabilities* totaled $2.3 billion, compared with $1.5 billion in the prior-year period, and surpassed the record of $1.9...

2008-06-23 00:00:23

PERTH, Australia, June 23 /PRNewswire-FirstCall/ -- Apache Northwest Pty Ltd, a subsidiary of Apache Corporation , said today it has completed an initial assessment of damage at its Varanus Island processing hub and a timetable for restoring production. "Our estimated timetable is to restore gross production at a rate of 180 million cubic feet (MMcf) of natural gas per day (200 Tj per day) through the East Spar Joint Venture processing facilities by Aug. 15, ramping up to 315 MMcf (350 Tj)...