News Topics: Capital Budget Annoucements

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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.

Spain's Repsol Provides $1.2B Credit Line For Venezuela Oil JV
Friday, October 07, 2016 Repsol is providing a credit line of up to $1.2 billion to boost oil output at a joint venture it runs with PDVSA.

Undaunted by Gas Price Cut, ONGC Firm on $4.5 Billion CAPEX
Thursday, October 06, 2016 India's largest oil and gas producer will continue with its record investment plan despite a cut in domestic gas prices, which were reduced for the fourth consecutive time last week.

Encana Says 2016 Costs Down By $50 Million
Wednesday, October 05, 2016 Encana says it has made $50 million in cost savings in 2016.

Thai PTTEP to Invest At Least $1.7B in 2017 to Maintain Output
Monday, October 03, 2016 Thailand's PTT Exploration and Production plans to invest at least $1.7 billion in 2017 to maintain its production at the same level as last year, according to the firm's CEO.

Colombia's Ecopetrol To Invest $13B Through 2020
Friday, September 30, 2016 Colombia's state-run oil company Ecopetrol will invest $13 billion over the duration of its 2017-2020 investment plan, the company says.

Mexico's Pemex Set to Announce Debt Management Deal
Wednesday, September 28, 2016 Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman says.

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.

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.

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.

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.

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.

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.

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.

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.


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