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News Topics: Capital Budget Annoucements

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Sources: PetroChina Hikes Shale Gas Spending To More Than $1.6B
Friday, April 18, 2014 PetroChina plans to spend more than $1.6 billion on shale gas this year, sources with knowledge of the matter say.

Thailand's PTT Cuts 2014 Investment Due to Political Unrest
Wednesday, April 16, 2014 PTT, Thailand's top energy firm, plans to cut its 2014 investment budget by as much as 30 percent to $1.86 billion as the country's ongoing political unrest delays the launch of new projects.

ExxonMobil Sees PNG LNG Exports Starting Mid-Year, Below $19B Budget
Wednesday, April 09, 2014 ExxonMobil Corp is on track to start exporting liquefied natural gas from Papua New Guinea by mid-year, ahead of schedule and below its $19 billion budget, the manager of the PNG LNG project says.

EOC Gains $44M Profit in 2Q FY2014, Lifted by Sale-and-Leaseback of Vessel
Wednesday, April 09, 2014 EOC reports a net attributable profit of $44 million for second quarter of financial year 2014 that ended Feb. 28, compared to $1.4 million a year ago.

Nigerian Oil Group Seplat Valued at $1.9B in Market Debut
Wednesday, April 09, 2014 Nigerian oil and gas company Seplat raises $500 million on stock market debut, valuing the firm at $1.9 billion.

WorleyParsons Restructures to Improve Financial Performance
Wednesday, April 09, 2014 WorleyParsons restructures business to improve the company's financial performance.

UK Well Services Firm Attracts VC Investment
Wednesday, April 09, 2014 UK well services firm RMEC receives $12.5 million investment aimed at helping its growth in the North Sea region.

Songa Offshore Expects to Secure Financing for Remaining Rigs
Tuesday, April 08, 2014 Songa Offshore is confident it can raise the debt it needs to pay for the last two rig new-builds it has ordered, according to its CEO.

Malaysia's Icon Offshore Plans Estimated $150 Million IPO
Thursday, March 27, 2014 Oilfield support firm Icon Offshore plans to list on the Kuala Lumpur Stock Exchange and raise $150 million.

Gazprom's Investments for 2014-2016 to be Adjusted for Crimea
Thursday, March 27, 2014 Gazprom is ordered by the Russian government to amend its investment program for 2014-2016 to include investments in Crimea, according to news agencies.

SapuraKencana Plans $500M Annual Capex to Develop Newfield's Assets
Tuesday, March 25, 2014 Malaysian oilfield services firm SapuraKencana Petroleum plans to spend $500 million.

Rosneft Repays $10.6B in Loans before Time for TNK-BP Takeover
Tuesday, March 25, 2014 Rosneft repays $10.6 billion in loans used to take over TNK-BP to international banks.

PetroChina Flags Lower 2014 Capex, Seeks to Boost Shareholder Returns
Thursday, March 20, 2014 PetroChina Co Ltd flags a drop in capital expenditure for 2014, its second consecutive annual decline since it became a listed company, as the state-run oil giant tries to reassure investors following a massive corruption scandal.

NZ Explorer Mosman Floats in London
Thursday, March 20, 2014 Mosman Oil and Gas raises $2.5 million to help it with its forthcoming drilling campaign in New Zealand.

Murphy Oil Nears Sale of UK Refinery To Fund
Tuesday, March 18, 2014 Murphy Oil is in talks to sell its Milford Haven refinery in Wales to a low-profile private equity fund.

PetroNeft Raises Funds for Russian Field Development
Monday, March 17, 2014 Russia-focused PetroNeft Resources raises $6.7 million to fund the delivery of supplies and equipment to its onshore field in the Tomsk Oblast.

Abu Dhabi's Gulf Marine Services Makes Muted London Debut
Friday, March 14, 2014 Abu Dhabi-based oil and gas services business Gulf Marine Services struggles to spark investor interest.

Shell Looks for Tighter Grip on Upstream Americas Operation
Thursday, March 13, 2014 Royal Dutch Shell plans to achieve a tighter grip on the financial performance of its Upstream Americas business.

Apache Completes Sale of Argentina Assets to YPF
Wednesday, March 12, 2014 Apache Corporation announces completion of the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima.

Elnusa Allocates $48M to Expand its Drilling and Oilfield Services Business
Tuesday, March 11, 2014 Indonesia's PT Elnusa allocates $48.1 million to expand its drilling and oil field services business this year.

Exxon Expects Flat Output In 2014, Spending To Drop 6%
Wednesday, March 05, 2014 ExxonMobil expects oil and natural gas production to be flat this year as overall spending falls 6% to about $39.8 billion.

Thai PTTEP Cuts 5-Year Investment Budget, Sales Forecast
Wednesday, March 05, 2014 PTTEP cuts its five-year investment budget by 8 percent and 2014 petroleum sales target by 3 percent due to lower output from an Australian field and a delay in the startup of a gas field in Myanmar.

Portugal's Galp Ups Investment Plan to Support Output Growth
Tuesday, March 04, 2014 Portugal's Galp Energia raises its capital spending target for the next three-to-four years to support ambitious production growth plans in Brazil and Africa.

Anadarko Petroleum Raises 2014 Capex Budget By 8%
Tuesday, March 04, 2014 Anadarko raises its 2014 capital budget by nearly 8% and says it would spend about 60% of the total on drilling more oil wells onshore in North America.

GDF Increases Gas Production Target as it Boosts Capex
Thursday, February 27, 2014 GDF Suez aims to increase gas production to as much as 63 million barrels of oil equivalent by 2016 as it increases its capital spending budget in pursuit of growth.

Apache Sets 2014 Spending At $8.5B, N. America A Focus
Wednesday, February 26, 2014 Apache expects to spend $8.5B on exploration and production this year, with most of this investment earmarked for drilling wells onshore North America.

RH Petrogas Provides Update on 4Q Profit Guidance, Writes-Off $29M
Tuesday, February 25, 2014 RH Petrogas provides an update on profit guidance for the fourth quarter, including a write-off of approximately $29 million.

UK's Centrica Cuts E&P Spend by 20%
Thursday, February 20, 2014 Centrica becomes the latest oil and gas firm to cut back on upstream spending as it announces a 20-percent cut to its annual E&P capex budget.

Brightoil Petroleum to Finance Anadarko Blocks Purchase through Cash, Loans
Thursday, February 20, 2014 Brightoil Petroleum plans to finance its acquisition of Andadarko Petroleum Corporation's oil blocks in China's Bohai Bay through cash and loands.