News Topics: Capital Budget Annoucements

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Bumi Armada Allocates More Funds from Rights Issue to FPSO, FGS Units
Thursday, July 02, 2015 Malaysia's Bumi Armada allocates more funds raised from a rights issue on its floating production, storage and offloading as well as floating gas solutions business units.

AGR Energy Takes Controlling Stake in Tethys Petroleum
Wednesday, July 01, 2015 Central Asia-focused Tethys Petroleum raises a much-needed $48 million via a share placing with Kazakhstan's AGR Energy.

Petrobras History of Failed Plans Raises Doubt over New Promises
Wednesday, July 01, 2015 Brazil's state-run oil company Petroleo Brasileiro's history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its debt.

IGas Energy Reveals Revenue, Production Decrease
Friday, June 26, 2015 IGas Energy reveals a year on year revenue and oil production decrease, from 2014 to 2015.

Rosneft First-Quarter Profit Falls 35% After Oil Prices Drop
Friday, June 26, 2015 Russia's largest oil producer, said first-quarter profit fell 35%, hurt by last year's decline in crude prices.

Russia's Lukoil To Cut Investments To $12.5B In 2015
Wednesday, June 24, 2015 Vagit Alekperov, the head of Lukoil, says the firm expected to invest $12.5B in 2015, down from around $15B last year.

Petrofac Expects Full Year Profit to be Weighted Towards H2
Tuesday, June 23, 2015 Petrofac expects its net profit for the year to be weighted towards the second half and states that its order book at the end of May had grown to $20.5 billion.

Cowen & Co: Small, Mid-Cap E&P Companies to See $16B Funding Gap in 2016
Wednesday, June 17, 2015 Cowen & Co analysts say that small to mid-cap exploration and production firms in the US will see a gap of $16 billion between spending estimates and projected cash flows for 2016.

Statoil Confirms 1,500 Potential Job Losses by 2016
Tuesday, June 16, 2015 Statoil announces that up to 1,500 employees and more than 500 consultants could be released by the end of 2016, confirming Dagens Naeringsliv's report last Friday.

Sources: Petrobras Cuts Delayed Until July and Govt Oil-Policy Plan
Tuesday, June 16, 2015 Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources say, when the government plans to announce a rescue program for the industry.

Trap Oil Looks at Selling Some North Sea Assets to Survive
Friday, June 12, 2015 Junior operator Trap Oil is in talks to sell some of its assets in order to fund its activities.

ONGC to Spend $6.5B to Boost Oil & Gas Production in India
Monday, June 08, 2015 ONGC intends to spend around $6.51 billion to develop new fields and redevelop mature fields in India to boost its oil and gas production, according to a local daily.

Oil & Gas Sector Leads Moody’s Speculative B3 Default Ratings
Friday, June 05, 2015 Credit agency shows speculative grade oil and gas companies continue steady slide on default ratings.

Vallianz Receives $10M Investment from UOC to Expand Business Ops
Friday, June 05, 2015 Singapore's Vallianz Holdings receives $10 million investment from United Orient Capital to expand business operations.

WHL Inks Agreement With Energy Capital Partners to Recapitalize Firm
Wednesday, June 03, 2015 WHL Energy enters agreement with Energy Capital Partners to facilitate a recapitalization of the company.

Total CEO: Funds for Yamal LNG to be Unblocked by End-2015
Friday, May 29, 2015 Total CEO says he expects funding for the $27-billion Yamal LNG project to be made available by lenders before the of the year.

Drone Inspection Firm Sky Futures Wins New Investment
Thursday, May 28, 2015 Oil and gas inspection firm Sky Futures wins an investment of up to $1 million for its drone-based inspection technology from San Francisco investor Airware.

Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
Thursday, May 21, 2015 PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.

Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015
Wednesday, May 20, 2015 Turkmenistan expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official says.

Ramba Secures More Funds for West Jambi Exploration Program in Sumatra
Tuesday, May 19, 2015 Ramba Energy secures more funds for exploration program at West Jambi block in Sumatra, Indonesia.

ConocoPhillips Says to Maintain Capex for Next 3 Years
Monday, May 18, 2015 ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters.

AWE Secures $326M Loan Facility
Thursday, May 14, 2015 AWE secures a new $326 million loan facility to support the company's growth strategy and development plans.

WHL Gets $4M Loan from Magna to Support Seychelles, La Bella Projects
Thursday, May 14, 2015 WHL Energy receives a $4 million loan facility from Magna Equities to support its Seychelles and Australia's La Bella projects.

Repsol's Profit Jumps but Underlying Trends Disappoint
Thursday, May 07, 2015 Spain's Repsol sees a 74-percent in its first quarter net profit but its operating performance falls below analysts' expectations.


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