News Topics: Capital Budget Annoucements

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Saudi Aramco Sees Oil Demand 'Steady' as Supply Growth Slows
Monday, September 26, 2016 Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world's biggest producer.

Union Jack Oil Raises Cash to Fund Onshore UK Acquisitions
Thursday, September 22, 2016 Union Jack Oil plc raises $900,000 through a placing of 411,764,706 new ordinary shares of $0.03 at a price of $0.22 per placing share.

Engie To Hang On To LNG, Selling Coal And Oil
Wednesday, September 21, 2016 Engie is not considering selling its liquefied natural gas (LNG) activities but confirmed it will exit burning coal and producing oil, Chief Executive Isabelle Kocher told Reuters on Wednesday.

Ophir Energy Prepares for 'Prudent' Exploration Drilling Campaign
Thursday, September 15, 2016 Ophir Energy plc is preparing to return to a considered, prudent pace of exploration drilling from late 2016 to take advantage of lower exploration costs, says the company's chief executive Nick Cooper.

Kazakhstan Drafts Economic Outlook Based On $35 Brent
Thursday, September 15, 2016 Kazakhstan's economy ministry has based its medium-term economic outlook on a Brent crude price of $35 per barrel.

Azerbaijan's SOCAR Assumes Oil Price Of $40 Per Barrel In 2017 Budget
Thursday, September 15, 2016 SOCAR assumes an oil price of $40 per barrel in its 2017 budget, the company's president, Rovnag Abdullayev, tells reporters.

IEA: Upstream Collapse Dragged Down Overall Energy Spend in 2015
Tuesday, September 13, 2016 The IEA's first detailed report on global energy investment shows the collapse in upstream oil and gas spending caused total investment across the global energy system to fall eight percent in 2015.

Azerbaijan's SOCAR To Issue $100M In Eurobonds For Azeri Citizens
Friday, September 09, 2016 Azeri state oil company SOCAR will issue $100 million worth of dollar-denominated Eurobonds for Azeri citizens on Sept. 20, the country's financial markets regulator says.

Senex Welcomes South Australian Govt's $18.4M Pledge to Develop Gas Supply
Friday, September 09, 2016 Senex Energy welcomes the South Australian Government's commitment to provide $18.4 million to the industry to extract and supply more gas to the market.

Mexico 2017 Budget Cuts To Squeeze Pemex, Primary Surplus Eyed
Friday, September 09, 2016 Mexico's government set out plans for a bigger-than-anticipated cut in public spending in 2017, with struggling state oil company Pemex earmarked for a $5.36 billion reduction in funding.

EnQuest Cuts Production, CAPEX
Thursday, September 08, 2016 EnQuest has cut its average production guidance for 2016 to between 42,000 and 44,000 barrels of oil equivalent per day and expects its 2016 capital expenditure to be reduced by around $30 million.

A Resilient Apache Strikes Oil In Overlooked Texas Field
Wednesday, September 07, 2016 Apache announces a major oil discovery in Texas, the latest sign the strongest shale companies are not only surviving the steepest price crash in a generation, but growing despite it.

Despite Cuts, Big Oil to Expand Production into the 2020s
Monday, September 05, 2016 Overall production at the world's seven largest oil and gas companies is set to rise by around nine percent between 2015 and 2018 in spite of lower crude prices and spending cuts.

Analysts: US E&P CAPEX Hits Bottom
Friday, August 26, 2016 Analysts say US E&P CAPEX has bottomed out, setting the stage for production growth as early as this year.

Thailand's PTTEP Cuts 2016 Investment Budget 15% To $1.7B
Tuesday, August 23, 2016 Thailand's largest oil and gas explorer, PTT Exploration and Production has cut its 2016 investment budget to $1.7 billion from $2 billion due to a cost reduction measure, an executive says.

CEO: Indonesia's Pertamina To Invest $1.5B In Mahakam In 2017
Tuesday, August 23, 2016 Indonesia's Pertamina plans to invest around $1.5 billion in the Mahakam gas block in 2017, the chief executive of the state-owned energy company says.

Baron Oil Receives Infrastrata Loan Repayment, Amends CLF Agreement
Friday, August 19, 2016 Baron Oil plc receives repayment of its loan to Infrastrata plc and agrees an amendment to the Convertible Loan Facility Agreement.

Trinity Subsidiaries File for Bankruptcy
Wednesday, August 17, 2016 Trinity Exploration & Production plc announce that a number of its wholly-owned subsidiaries have filed for bankruptcy.

Santos to Set Aside $1B in Impairment Charge for Queensland's GLNG Project
Monday, August 15, 2016 Santos to set aside $1.05 billion in impairment charge for the Gladstone liquefied natural gas (GLNG) project in Queensland, Australia following a review of its key production assets.

Sabine Oil & Gas Emerges from Bankruptcy as Private Company
Friday, August 12, 2016 Sabine Oil & Gas Corporation confirms that its Chapter 11 Plan of Reorganization is now effective and revealed that it has emerged from bankruptcy as a private company.

Parex Increases Upstream Spend, Expects to Drill 11 Colombian Wells in 2H
Thursday, August 11, 2016 Parex Resources Inc will increase its upstream spend in the second half of 2016, drilling 11 wells in Colombia in the process.

OMV Intensifies Investment, Cost Cuts As Oil Price Weighs
Wednesday, August 10, 2016 OMV is cutting its investments and costs further to counteract low oil prices which have sent its adjusted second-quarter operating profit down 43 percent to $238.67 million.

Apache Deploys Additional Capital As Oil Prices Improve
Thursday, August 04, 2016 Apache said it started deploying additional capital and expected spending this year to be at the higher end of its forecast range, given "modest signs of improvement" in oil prices.

Russia's Sberbank, VTB, Otkritie, BCS, Aton Among Russneft IPO Arrangers
Thursday, August 04, 2016 Russian state banks Sberbank and VTB, as well as the country's largest private lender FC Otkritie along with brokerages BCS and Aton are among those who will arrange the IPO of Russneft.

Canada's Oil Sands CAPEX Could Reach $40.6B by 2025
Wednesday, August 03, 2016 Research and consulting firm GlobalData says 6 new oil sands projects and expansion of 11 others will propel Canadian sector forward, after Alberta wildfires drove down production.


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