News Topics: Capital Budget Annoucements

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Chevron Plans $19.8B Capital, Exploratory Budget for 2017
Thursday, December 08, 2016 Some $11.6 billion of Chevron's $19.8-billion capital spending plan will target international upstream projects.

Canada's Cenovus To Raise 2017 Capital Budget By 24%
Thursday, December 08, 2016 Canadian oil producer Cenovus Energy Inc said on Thursday it planned to increase its 2017 capital budget by about 24%.

Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Sunday, December 04, 2016 Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices.

Singapore Readies Up To $1.1B In Loans For Oil, Gas-Linked Firms
Friday, November 25, 2016 Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could help them raise as much as S$1.6 billion ($1.1 billion) in loans.

Russia's Rosneft Approves 1 Trillion Rouble Bond Program
Thursday, November 24, 2016 The board of Russia's largest oil producer Rosneft has approved a bond program worth 1.071 trillion roubles ($16.55 billion) for 10 years.

IEA Expects Oil Investment To Fall For Third Year In 2017
Thursday, November 24, 2016 Investment in new oil production is likely to fall for a third year in 2017 as a global supply glut persists.

PGS Raises Funds Through Private Placement
Wednesday, November 23, 2016 Norwegian seismic explorer Petroleum Geo-Services ASA announced Wednesday that it has raised approximately $225 million through a placement of 85,500,000 new shares.

Norway Oil Companies Lower 2017 Spending Plans
Wednesday, November 23, 2016 Norway's oil companies have lowered their 2017 investment plans, a Statistics Norway survey showed on Wednesday, raising the chances of a central bank interest rate cut in the coming months.

Venezuela PDVSA Says In Grace Period For 2035 Bond
Tuesday, November 22, 2016 PDVSA confirms it is using a 30-day grace period for coupon payments on its 2035 bond, but said a JP Morgan report of payment delays on other bond issues was wrong.

Armour Energy Agrees Investment Terms
Monday, November 21, 2016 Armour Energy Limited agrees terms with M.H. Carnegie & Co Pty Ltd for a staged investment of up to $17.5 million worth of convertible notes.

Premier Oil Agrees New Lending Terms In Exchange For Say In Projects
Thursday, November 17, 2016 Premier Oil pushes back its refinancing deal to 1Q 2017, but says lenders had largely agreed to new terms in exchange for some control over which projects the company can invest in.

Rig Firm Seadrill Postpones Deadline On $9 Billion Debt Restructuring
Wednesday, November 16, 2016 Oil drilling rig operator Seadrill has again postponed a deadline for restructuring its $9 billion debt, the company says.

Lukoil Raises $500M to Finance Gissar Project in Uzbekistan
Wednesday, November 16, 2016 Lukoil raises $500 million to finance the development of the Gissar group's gas condensate fields in Uzbekistan.

Tullow Cuts FY Capital Budget, West African Production Forecast
Wednesday, November 09, 2016 Tullow Oil Plc slashes full-year spending budget and lowers the forecast for its oil production in West Africa, as it seeks to weather an oil price slump.

Eni to BP CEOs Limit Oil Spending for 2017 to Cope With Glut
Monday, November 07, 2016 The biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global glut.

European Oil, Gas Companies Looking to Cut Costs Further
Monday, October 31, 2016 European oil and gas firms Eni, Total and Statoil all revealed in their latest financial results that they are looking to cut costs due to the continued low oil price environment.

Statoil Misses 3Q Forecasts, Cuts CAPEX Again
Thursday, October 27, 2016 Statoil cut its 2016 capital expenditure plans again after missing third-quarter earnings forecasts hurt by lower-than-expected output and low oil prices.

Husky Energy Cuts 2016 CAPEX For Second Time Amid Oil Slump
Thursday, October 27, 2016 Husky Energy reports a bigger-than-expected quarterly loss and joins larger rival Cenovus Energy in trimming its capital budget for the year.

DONG Energy Looks at Shedding Oil, Gas in Strategy Rethink
Wednesday, October 26, 2016 DONG Energy is looking at whether to jettison its oil and gas business, which it says will not form part of its long-term strategy as it shifts to wind power.

Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Tuesday, October 25, 2016 Indonesia state oil firm Pertamina targets a 42-percent increase in crude oil production and a 17-percent increase in gas production in 2017, amid continued overseas expansion.

Faroe to Increase CAPEX in 2017
Wednesday, October 19, 2016 Independent oil and gas company Faroe Petroleum has announced plans to increase its net capital expenditure for production assets in 2017.

Lukoil Considering Eurobond Within Weeks
Tuesday, October 18, 2016 Lukoil is considering launching its first international bond sale in more than 3 years in the coming weeks.

EnQuest Launches Financial Restructuring
Thursday, October 13, 2016 The board of EnQuest plc launches a proposed financial restructuring, which it has agreed with key stakeholders following an extensive period of engagement and negotiation.

EGME Exercises Warrants to Retire Simba Debt
Wednesday, October 12, 2016 Essel Group Middle East exercises 17,000,000 warrants of Simba Energy Inc. at $0.075 per share for total proceeds of $1,275,000.


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