News Topics: Capital Budget Annoucements

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Lundin's Development Expenditure to Top $1B in 2017
Thursday, January 19, 2017 Lundin's development expenditure in 2017 will total $1.095 billion.

Hess To Spend More On Exploration And Production This Year
Thursday, January 12, 2017 Hess budgets $2.25 billion for exploration and production this year, higher than the $1.9 billion it spent in 2016.

Energean Expects To Spend Up To $1.5B On Israeli Offshore Gas Project
Wednesday, January 11, 2017 Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap 2 Israeli offshore gas fields.

Barclays Forecasts Investors May Shift, Favor Oilfield Services
Monday, January 09, 2017 Analysts upgrade oilfield services from neutral to positive as under-owned sector poised to benefit from North America's 27% E&P spending boost.

Canada's Penn West Raises 2017 Capex Budget
Thursday, January 05, 2017 Penn West Petroleum Ltd raises its 2017 capital budget to C$180 million ($135 million) from C$150 million, and said it expects a 15% increase in production from core areas.

Encana On Track To Exceed 2017 Budget Plan
Wednesday, January 04, 2017 Encana met its projected 2017 operations activity and rig count in December, building momentum for its five-year plan, CEO Doug Suttles says.

China's Top Oilfield to Cut CAPEX by 20% in 2017
Thursday, December 29, 2016 China's largest oilfield, Daqing, will slash capital spending in 2017 by 20% compared to the previous year.

Bonanza Creek, Other U.S. Energy Firms Announce Chapter 11 Plans
Friday, December 23, 2016 Oil and gas producer Bonanza Creek Energy said it would file for bankruptcy on or before Jan. 5, joining a long list of energy companies that have succumbed to a drop in oil prices.

Delek Drilling, Avner Oil Finish Institutional Stage Of Bond Offering
Thursday, December 22, 2016 Delek Drilling and Avner Oil, partners in the offshore Tamar and Leviathan gas fields, said on Thursday they completed the institutional stage of a dollar bond offering in Israel.

LGO to Continue Cost Reduction Program
Wednesday, December 21, 2016 LGO Energy announced Wednesday that it will be continuing its cost reduction program to further reduce its corporate overheads in 2017.

Husky Ups 2017 CAPEX, Output Forecasts; Cuts Sunrise Outlook
Tuesday, December 13, 2016 Husky Energy raises its 2017 production forecast and capital expenditure program.

Maersk to Limit Investment in Energy Businesses until Separation
Tuesday, December 13, 2016 Maersk will limit investment in its energy businesses until they are separated, the group's CEO Soren Skou said in a webinar from the company's Capital Markets Day event.

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.


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