Head of US-based APA sees no stability in UK oil and gas sector

Houston-based APA Corp., one of the last US operators in the North Sea, does not see “any” stability in the country’s upstream oil and gas sector so is changing its approach to one of managing decline and cash flows, company CEO John Christmann IV said Aug. 3. Presenting second-quarter results, Christmann noted that APA’s UK production, from the Beryl and…