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News Topics: Capital Budget Annoucements

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Results23 articles shown

Malaysia's Bumi Armada to Raise $633.8M with Rights Shares
Wednesday, August 27, 2014 Malaysian oil field services company Bumi Armada will raise $633.87 million by selling rights shares.

New Firm, Origo Exploration, Launches at ONS
Tuesday, August 26, 2014 Origo Exploration, a new oil and gas company focused on the Norwegian and UK continental shelves, launches at the ONS show after having raised $525 million from investors.

Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%
Tuesday, August 26, 2014 Aker Solutions Engineering Vice President Valborg Lundegaard says at ONS that his division is on track to cut costs by 30 percent by 2017.

Sources: Sinopec Planning $1.5B Hong Kong IPO of Oilfield Services Unit
Friday, August 22, 2014 Sinopec is planning a $1.5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015, people familiar with the matter said.

Gulf's Topaz Energy Gets $75M Investment from Standard Chartered PE
Wednesday, August 20, 2014 Oman's Renaissance Services says its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity.



Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
Tuesday, August 19, 2014 UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.

Cooper Energy Gives Resource Estimate at Basker, Manta Fields Off Gippsland
Monday, August 18, 2014 Cooper Energy assesses that its net contingent resource in the Basker and Manta fields in permits VIC/L26, VIC/L27 and VIC/L28 in Australia's Gippsland Basin at 10.8 million barrels of oil equivalent.

Petrobras and Japan's NEXI, Mizuho Bank Ink $500M Loan Guarantee Deal
Thursday, August 07, 2014 Petrobras inks deal with Japan's Nippon Export and Investment Insurance and Mizuho Bank to issue a $500 million loan guarantee for projects on floating production, storage and offloading platform hulls.

Dana Gas Says To Recover Overdue Egypt Payments By 2018
Wednesday, August 06, 2014 UAE firm Dana Gas expects to recover the vast majority of overdue payments from the Egyptian government by 2018.

Max Raises Development Funds from Kazakhstan's Assaubayev Family
Monday, August 04, 2014 Max Petroleum raises $63 million needed to fund its development and exploration work in Kazakhstan.

Eni CEO Shake-up Puts Saipem on Block in Exploration Gambit
Friday, August 01, 2014 Eni lays out plans to sell assets, including a multi-billion dollar stake in oil service firm Saipem, and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas outfit.

Wolfcamp CAPEX Spending to Exceed $12B in 2014
Wednesday, July 30, 2014 Wood Mackenzie estimates that capital spending in the Wolfcamp tight oil play will exceed $12 billion this year.

Beach Energy to Produce Up to 9.4 MMboe, Spend $470M in Capex in FY 2015
Tuesday, July 29, 2014 Beach Energy plans to produce 8.6 to 9.4 million barrels of oil equivalent and spend up to $470 million in capital expenditure in financial year 2015.

OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu
Thursday, July 24, 2014 Octanex annouces that the joint venture developing the Ophir field offshore Terengganu, Malaysia has secured financing for the project.

Serbian Oil Company NIS 1H Profits Fall
Thursday, July 24, 2014 Serbia's NIS reports a five-percent fall in first-half profit and will have to cut spending on projects in the second half.

Perisai Expects Drilling Business to Provide 40% of Revenue in 2014
Friday, July 18, 2014 Perisai Petroleum expects its offshore drilling business to provide 40 percent of its revenue this year as the firm's first jackup Perisai Pacific 101 gets ready to commence a contract with Petronas Carigali soon.

Far East Energy Corp.'s Bridge Facility with SCB Extended for 2 Months
Monday, July 14, 2014 Far East Energy Corp., operator of the Shouyang coalbed methane production sharing contract in China's Shanxi province, receives a further extension of the maturity date of an existing bridge facility with Standard Chartered Bank.

ONGC Videsh Raises $2.2B to Refinance its Rovuma Area 1 Acquisitions
Wednesday, July 09, 2014 ONGC Videsh raises $2.2 billion in international capital markets, with the funds intended for use to refinance its acquisitions of 16 percent interest in Rovuma Area 1, offshore Mozambique.

Vantage Energy Files for IPO of About $400M
Monday, July 07, 2014 Vantage Energy files with US regulators to raise approximately $400 million in an IPO.

Saudi Gas Development Plans Hit Hurdle as Shell Shelves Project
Monday, July 07, 2014 Shell will end its investment in a Saudi Arabia gas development project, complicating the top oil exporter's efforts to exploit its huge gas reserves.

Shelf Drilling Pulls IPO
Wednesday, July 02, 2014 Shelf Drilling has pulled its IPO on the London Stock Exchange, through which it planned to raise $500 million.

Mexico's Pemex to Spend $6B to Maintain Output at Cantarell
Wednesday, July 02, 2014 Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official says.

Otto Energy Repays Financing Facility Offered for Galoc Phase II in SC14C
Tuesday, July 01, 2014 Otto Energy repays fully the $35.9 million financing facility that BNP Paribas extended to the firm for Galoc Phase II development in Service Contract 14C offshore the Philippines.