News Topics: Capital Budget Annoucements

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China's Sinopec To Spend $29B Upgrading Four Refining Bases
Thursday, March 02, 2017 China's Sinopec group will invest $29.05 billion to upgrade 4 refining bases between 2016 and 2020 to produce higher-quality fuels, the company says.

OMV Raises Dividend By 20% As Cash Pile Grows
Thursday, February 16, 2017 Austrian oil and gas group OMV raises its dividend by 20% as free cash flow turned positive last year.

Encana Boosts Capital Spending By 50% Amid Oil Recovery
Thursday, February 16, 2017 Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.

Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Friday, February 10, 2017 Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

Statoil Targets Cost Savings of $1B in 2017
Tuesday, February 07, 2017 Statoil ASA is targeting cost savings of $1 billion in 2017, which comes in addition to the $3.2 billion it has already cut as part of its improvement program.


 
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