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News Topics: Capital Budget Annoucements

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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.

Perisai Expects Drilling Business to Provide 40% of Revenue in 2014
Friday, July 18, 2014 Perisai Petroleum expects its offshore drilling business to provide 40 percent of its revenue this year as the firm's first jackup Perisai Pacific 101 gets ready to commence a contract with Petronas Carigali soon.

Far East Energy Corp.'s Bridge Facility with SCB Extended for 2 Months
Monday, July 14, 2014 Far East Energy Corp., operator of the Shouyang coalbed methane production sharing contract in China's Shanxi province, receives a further extension of the maturity date of an existing bridge facility with Standard Chartered Bank.

ONGC Videsh Raises $2.2B to Refinance its Rovuma Area 1 Acquisitions
Wednesday, July 09, 2014 ONGC Videsh raises $2.2 billion in international capital markets, with the funds intended for use to refinance its acquisitions of 16 percent interest in Rovuma Area 1, offshore Mozambique.

Saudi Gas Development Plans Hit Hurdle as Shell Shelves Project
Monday, July 07, 2014 Shell will end its investment in a Saudi Arabia gas development project, complicating the top oil exporter's efforts to exploit its huge gas reserves.

Vantage Energy Files for IPO of About $400M
Monday, July 07, 2014 Vantage Energy files with US regulators to raise approximately $400 million in an IPO.

Shelf Drilling Pulls IPO
Wednesday, July 02, 2014 Shelf Drilling has pulled its IPO on the London Stock Exchange, through which it planned to raise $500 million.

Mexico's Pemex to Spend $6B to Maintain Output at Cantarell
Wednesday, July 02, 2014 Pemex will launch a $6 billion investment in 2017 aimed at maintaining current levels of production at its once-supergiant Cantarell field over the next decade, a Pemex official says.

Otto Energy Repays Financing Facility Offered for Galoc Phase II in SC14C
Tuesday, July 01, 2014 Otto Energy repays fully the $35.9 million financing facility that BNP Paribas extended to the firm for Galoc Phase II development in Service Contract 14C offshore the Philippines.

Gazprom Seeks HK Listing, May Use Yuan in China Gas Deal
Thursday, June 26, 2014 Russia's Gazprom is seeking a listing in Hong Kong and may use the Yuan currency for a recently-agreed gas deal with China.

Sino G&E Secures $50M Debt Facility to Fund Ordos Basin Projects
Thursday, June 26, 2014 Sino Gas & Energy secures a $50 million structured term debt facility from Macquarie Bank to fund its working interests in Linxing and Sanjiaobei production sharing contracts in China's Ordos Basin.

Spain's Repsol To Announce New Strategic Plan Near Year-End
Tuesday, June 24, 2014 Spanish oil major Repsol will release a new strategic plan at the end of the year after deciding how to invest cash made from selling assets in its former Argentine subsidiary, YPF.

Mosman Raises Funds for Exploration, Appraisal in New Zealand
Friday, June 20, 2014 Mosman Oil and Gas raises $5.1 million to fund forthcoming exploration and appraisal programs in New Zealand.

Japan's JOGMEC Says Could Double Investment in Oil, Gas
Thursday, June 19, 2014 JOGMEC could double its investment in oil and gas resources over the long term, the company says.

Shell Completes Sale of 78.3M Shares in Woodside
Wednesday, June 18, 2014 Shell completes the sale of 78.3 million shares it held in Woodside via an underwritten institutional sell-down.

Xcite Energy Raises Funds for Bentley Development
Monday, June 16, 2014 Xcite Energy raised $140 million to refinance its existing debt and fund the Bentley field development in the UK North Sea.

Offshore Rig Operator Shelf Drilling Aims For $500M-Plus IPO
Thursday, June 12, 2014 Shelf Drilling plans to raise $500 million in an initial public offering on the London Stock Exchange.

Libya Cabinet Starts Spending $50B Budget Despite Falling Oil Revenues
Wednesday, June 11, 2014 Libya's government, suffering from dwindling oil revenues, will allow its ministries to begin spending the $50 billion budget it submitted to parliament at the start of the year.

OMV Gains Tunisia Approvals, to Invest 500M Eur
Friday, May 30, 2014 Austria's OMV confirms it expected to invest around $681 million to develop the Nawara gas field in Tunisia after gaining government approvals.