News Topics: Capital Budget Annoucements

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Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Friday, May 26, 2017 Motiva called the $18 billion estimate "a general framework of opportunities."

Kuwait National Petroleum Signs $6.25B Loan for Clean Fuels Project
Wednesday, May 24, 2017 KNPC has signed a $6.25 billion loan with international lenders and export credit agencies to finance its planned clean fuels project, the company announced.

Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Wednesday, May 24, 2017 Motiva's Port Arthur facility is already the largest refinery in the United States.

Vietnam's Sole Refinery Plans to Sell 5-6 Pct Stake in IPO in Q4
Monday, May 22, 2017 Vietnam's Dung Quat oil refinery plans to sell a 5-6 percent stake in the company in the fourth quarter of 2017 via an initial public offering (IPO), it said in a statement.

Russian Government Still Hopes For Dividends From Rosneftegaz
Thursday, May 18, 2017 Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.

Exxon Says to Open Gas Stations in Mexico, Invest $300 Million
Wednesday, May 17, 2017 Exxon expects to open its first service stations in Mexico later this year.

Gazprom 2016 Dividend Payout To Be No Less Than Last Year
Wednesday, May 17, 2017 Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.

China's Norinco and Saudi Aramco Line Up $10B Refinery Plan
Tuesday, May 16, 2017 The investment would boost Aramco's presence in China's massive refining industry.

Scottish University's Petroleum Engineering Course Gets Funding Boost
Monday, May 15, 2017 A major funding package for the Institute of Petroleum Engineering (IPE) at Scotland's Heriot-Watt University will directly support the UK offshore industry.

Premier Oil Sees Significant Debt Reductions In 2018
Monday, May 15, 2017 Premier Oil, which has struggled to contain its $2.8 billion debt pile, says it expects to slash debt significantly in 2018 with planned asset disposals this year and lower capital spending.

Petrobras Sees Room For More Efficient Payroll, CAPEX
Friday, May 12, 2017 Petrobras has room to improve the efficiency of its investments and payroll spending, executives say.

Japan's Tosoh Plans $88 Mln Naphtha Cracker Upgrade
Thursday, May 11, 2017 Japanese chemical maker Tosoh Corp said on Thursday it will invest about 10 billion yen ($88 million) to upgrade its 527,000 tonnes-per-year naphtha cracker in Yokkaichi, central Japan, by 2020.

Aker Completes More Than Two-Thirds of Cost-Cutting Program
Tuesday, May 09, 2017 Aker Solutions ASA revealed that it has completed more than two-thirds of a program to increase cost-efficiency across its business by at least 30 percent by the end of 2017.

'Commercial NOCs' Seek Help for Offshore Projects
Monday, May 01, 2017 NOCs are increasingly using the private-sector playbook for offshore CAPEX.

US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Friday, April 21, 2017 US CAPEX and rig counts to drive production growth of 5% this year; drilling and completion spending to increase by 58% this year, according to Fitch Ratings' modeling.

Abu Dhabi National Energy Co (TAQA) Considering Formosa Bond, Sukuk
Monday, April 03, 2017 Abu Dhabi National Energy Co (TAQA) is considering debt funding options including a formosa bond, sukuk and bank loans, the company's spokesman says.

Russia's Surgut Cash Reserves Down 14% To 2.08T Rbls In 2016
Friday, March 31, 2017 Cash reserves of Russia's 3rd largest oil producer Surgutneftegaz declined by 14% to $37.1 billion in 2016, according to Reuters calculations.


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