News Topics: Capital Budget Annoucements
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Warren Resources Increases 2013 Capex
Monday, May 20, 2013 Warren Resources, Inc. announces it is increasing its 2013 capital expenditure budget to $73 million.
OMV Petrom to Redevelop Oprisenesti Field
Friday, May 17, 2013 Romaniaís OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.
Lekoil Plans to be Pan-African Player
Friday, May 17, 2013 Junior oil company Lekoil raises $49 million on Londonís Alternative Investment Market as it seeks to become a pan-African oil and gas player.
Sirius Secures Off-Take Deal with Glencore
Friday, May 03, 2013 A deal with Glencore enables Sirius Petroleum to fund the development of near-term production assets offshore Nigeria.
Total Boosts Security Spend after Algeria Attack
Wednesday, May 01, 2013 Total increases its spending on security in the Middle East following January's deadly attack on Algeria's In Amenas gas plant.
Argentina to Create $2 Billion Oil, Gas Development Fund
Friday, April 19, 2013 Argentina's government plans to put up to $2B into a fund that will finance petroleum exploration and production as the South American nation struggles to become self sufficient in oil and natural gas.
Rosetta Resources Raises 2013 Capital Expenditure Guidance
Monday, April 15, 2013 Rosetta Resources raises its 2013 capital guidance to $840 million to $900 million, from $640 million to $700 million.
Woodside Mothballs Major Browse LNG Development
Friday, April 12, 2013 Australia's high-cost operating environment in the oil and gas industry has claimed another victim, the Woodside-operated Browse LNG joint.
Japan Bank to Fund JX Nippon North Sea Acquisitions
Friday, April 12, 2013 The Japan Bank for International Cooperation will lend up to $881 million to JX Nippon Oil and Gas Exploration Corporation to help it finance the cost of purchasing to North Sea fields.
Petrobras Expects to Raise About $20 Billion in 2013
Wednesday, April 10, 2013 Petrobras expects to raise about $20B in 2013 from debt issues and bank loans to fund the company's ambitious investment plan, CFO Almir Barbassa said.
Brazil's OGX Evaluating Funding Options for Concession Auction
Wednesday, March 27, 2013 OGX plans to invest $1.3 billion in 2013 but that total doesn't include the company's potential participation in an important new auction of oil and natural-gas concessions.