News Topics: Capital Budget Annoucements
Results27 articles shown
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.
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.
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.
Sources: Sinopec Planning $1.5B Hong Kong IPO of Oilfield Services Unit
Friday, August 22, 2014 Sinopec is planning a $1.5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015, people familiar with the matter said.
Gulf's Topaz Energy Gets $75M Investment from Standard Chartered PE
Wednesday, August 20, 2014 Oman's Renaissance Services says its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity.
Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
Tuesday, August 19, 2014 UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.
Cooper Energy Gives Resource Estimate at Basker, Manta Fields Off Gippsland
Monday, August 18, 2014 Cooper Energy assesses that its net contingent resource in the Basker and Manta fields in permits VIC/L26, VIC/L27 and VIC/L28 in Australia's Gippsland Basin at 10.8 million barrels of oil equivalent.
Petrobras and Japan's NEXI, Mizuho Bank Ink $500M Loan Guarantee Deal
Thursday, August 07, 2014 Petrobras inks deal with Japan's Nippon Export and Investment Insurance and Mizuho Bank to issue a $500 million loan guarantee for projects on floating production, storage and offloading platform hulls.
Dana Gas Says To Recover Overdue Egypt Payments By 2018
Wednesday, August 06, 2014 UAE firm Dana Gas expects to recover the vast majority of overdue payments from the Egyptian government by 2018.
Max Raises Development Funds from Kazakhstan's Assaubayev Family
Monday, August 04, 2014 Max Petroleum raises $63 million needed to fund its development and exploration work in Kazakhstan.
Eni CEO Shake-up Puts Saipem on Block in Exploration Gambit
Friday, August 01, 2014 Eni lays out plans to sell assets, including a multi-billion dollar stake in oil service firm Saipem, and downsize its ailing refinery business to help fund its transformation into a leaner oil and gas outfit.
Wolfcamp CAPEX Spending to Exceed $12B in 2014
Wednesday, July 30, 2014 Wood Mackenzie estimates that capital spending in the Wolfcamp tight oil play will exceed $12 billion this year.
Beach Energy to Produce Up to 9.4 MMboe, Spend $470M in Capex in FY 2015
Tuesday, July 29, 2014 Beach Energy plans to produce 8.6 to 9.4 million barrels of oil equivalent and spend up to $470 million in capital expenditure in financial year 2015.
Serbian Oil Company NIS 1H Profits Fall
Thursday, July 24, 2014 Serbia's NIS reports a five-percent fall in first-half profit and will have to cut spending on projects in the second half.
OPSB Secures Financing to Develop the Ophir Oil Project Offshore Terengganu
Thursday, July 24, 2014 Octanex annouces that the joint venture developing the Ophir field offshore Terengganu, Malaysia has secured financing for the project.