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News Topics: Capital Budget Annoucements

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Results23 articles shown

ExxonMobil Votes With Feet To Stay In EU As Energy Laws Loom
Thursday, October 16, 2014 ExxonMobil is pouring $1 billion into an EU refinery, setting aside concerns about EU green energy rules that will cut demand for oil.

BG Group Says Received $350M from Egypt for Gas Debt
Monday, October 06, 2014 BG Group receives $350 million from the Egyptian government following a commitment by Cairo to repay outstanding debts.

Lion Energy Updates on FY 2014, Including its Upstream Assets in Indonesia
Wednesday, October 01, 2014 Lion Energy provides update on 2014 financial year, including developments at its upstream assets in Indonesia.

Stalled Kashagan Hampers Kazakhstan's Oil Output Growth
Wednesday, October 01, 2014 Kazakhstan expects its oil production to stay around 2013 levels until 2016, when it hopes to restart the giant Kashagan oilfield halted by an industrial accident, a senior Kazakh official says.

NZEC Secures $4M Working Capital Facility for TWN Licenses in New Zealand
Thursday, September 25, 2014 New Zealand Energy Corp. secures $4 million working capital facility to develop the Tariki, Waihapa and Ngaere Licenses in Taranaki Basin, New Zealand.



SapuraKencana Posts 2Q FY15 Net Profit of $140M, Up 8.6% YOY
Thursday, September 25, 2014 SapuraKencana Petroleum posts a net profit of $140 million for the second quarter, up 8.6 percent from a year ago.

SBI Raises $13M in Share Placement to Investors, Including Mirzan Mahathir
Wednesday, September 24, 2014 SBI Offshore raises $13 million through placing new shares with four investors, including Malaysian businessman Mirzan Mahathir.

Total To Sell More Assets, Cuts Oil Output Target
Monday, September 22, 2014 Total plans to sell off assets, cut investments and reduce operating costs to deliver on a promise of generating $15 billion in free cash flow in 2017.

Russia Considers Rosneft Request for Help from State Fund
Tuesday, September 16, 2014 Rosneft, hit by Western sanctions over the Ukraine conflict, will be able to apply for money from a state wealth fund, Russia's deputy prime minister says.

PTTEP Plans $3.3B Capex for Myanmar Projects for 2014-2018
Tuesday, September 16, 2014 PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.

Thai PTTEP To Spend $1B for Mozambique Project In Next 5-6 Years
Monday, September 15, 2014 Thailand's PTTEP plans to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015.

Statoil Sells Norway Assets to Wintershall
Friday, September 12, 2014 Statoil farms down its Aasta Hansteen, Asterix and Polarled fields, while exiting its Vega and Gjoa fields in order to increase "flexibility".

MedcoEnergi Eyes 50% Contribution from Foreign Oil, Gas Projects by 2017
Friday, September 12, 2014 MedcoEnergi expects its foreign oil and gas projects to account for half the firm's production and revenue by the end of 2017, a company executive told a local daily.

Sea Trucks Secures $130M Facility to Finance Completion of Jascon 18 MCSV
Thursday, September 11, 2014 Sea Trucks secures a $130 million facility to finance completion of the Jascon 18 multipurpose construction support vessel, which is being outfitted in a shipyard in Singapore.

Russia's Novatek CEO Says Plans Unchanged Despite Sanctions
Tuesday, September 09, 2014 Novatek CEO says Russian firm will not change its future plans in spite of Western sanctions.

Sasol Eyes Angola, Ghana and Tanzania Opportunities
Monday, September 08, 2014 South Africa's Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus, says its chief executive.

Athabasca Raises Capital Budget, Says CEO To Retire
Monday, September 08, 2014 Athabasca Oil increases its capital budget for the year and said its chief executive of seven years would retire Sept. 30.

ONGC to Invest $863M on Daman Development Project in Arabian Sea
Monday, September 01, 2014 Oil and Natural Gas Corporation will invest $863.2 million on the Daman Development project to boost gas and condensate production at Tapti Daman block in the Arabian Sea.

Sino G&E Secures $50M Debt Facility for its Ordos Basin Gas Projects
Monday, September 01, 2014 Sino Gas & Energy secures $50 million debt facility from Macquarie Bank to fund its Ordos Basin gas projects in China's Shanxi province.

Kemp: Free Cash Flow Says Little About The Future Of Shale
Thursday, August 28, 2014 The independent companies at the forefront of the US shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.

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.