News Topics: Capital Budget Annoucements

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Thai PTTEP Cuts 2015 Sales Target, Investment Due to Weak Demand
Thursday, May 21, 2015 PTTEP cuts its 2015 petroleum sales growth target to 3 percent from 6 percent, mainly due to weak demand and slower-than-expected economic growth.

Turkmenistan Eyes $3B Investment In Its Caspian Oil, Gas In 2015
Wednesday, May 20, 2015 Turkmenistan expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official says.

Ramba Secures More Funds for West Jambi Exploration Program in Sumatra
Tuesday, May 19, 2015 Ramba Energy secures more funds for exploration program at West Jambi block in Sumatra, Indonesia.

ConocoPhillips Says to Maintain Capex for Next 3 Years
Monday, May 18, 2015 ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters.

AWE Secures $326M Loan Facility
Thursday, May 14, 2015 AWE secures a new $326 million loan facility to support the company's growth strategy and development plans.

WHL Gets $4M Loan from Magna to Support Seychelles, La Bella Projects
Thursday, May 14, 2015 WHL Energy receives a $4 million loan facility from Magna Equities to support its Seychelles and Australia's La Bella projects.

Repsol's Profit Jumps but Underlying Trends Disappoint
Thursday, May 07, 2015 Spain's Repsol sees a 74-percent in its first quarter net profit but its operating performance falls below analysts' expectations.

New Subsea Integrity Firm UIS Launched at OTC 2015
Monday, May 04, 2015 Underwater Integrity Solutions gets $150 million as the new subsea integrity firm is launched at Houston's Offshore Technology Conference.

Tullow Says Outlook for 2015, 2016 'Positive'
Thursday, April 30, 2015 Tullow Oil says the outlook for its business during the remainder of this year and into 2016 "is very positive".

Sinopec to Cut Overseas Spending, Trim Inefficient Oil Output in 2015
Thursday, April 30, 2015 China's Sinopec Group will cut overseas investment by 22.2 percent this year and trim inefficient oil output abroad.

Ithaca Simplifies Debt Facilities Ahead of Stella Start-Up
Wednesday, April 29, 2015 Ithaca Energy extends and simplifies its bank debt financing facilities ahead of the start of production from its Greater Stella Area assets scheduled for next year.

CEO: Petrobras Spending To Be Gauged Based On Cash Flow
Tuesday, April 28, 2015 Petroleo Brasileiro will determine future capital spending plans depending on the oil producer's ability to generate cash and obtain fresh financing, CEO Aldemir Bendine says.

Betting on Oil Price Recovery, Statoil Snips Where Rivals Slash
Thursday, April 23, 2015 Statoil cuts investments less than any other oil major this year, positioning for a crude price recovery.

Sino G&E Raises $62M in Share Placement, to Fund China Gas Assets
Thursday, April 23, 2015 Sino Gas & Energy raises $62 million in share placement, with the funds to be used for its China unconventional gas projects.

Kea Faces 'Precarious' Future as it Seeks Shannon Partner
Tuesday, April 21, 2015 Kea Petroleum says its future is 'precarious' as it seeks funds to drill the Shannon-1 well.

Papua New Guinea In Talks To Raise Billions To Fund Oil, Gas Plans
Tuesday, April 14, 2015 Papua New Guinea's NPCP is looking to raise billions of dollars to help fund new oil and gas projects, as the South Pacific country battles a sharp slump in forecast revenue.

UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.

Govt: Conoco To Push On With Investment In Indonesia Oil, Gas
Tuesday, March 31, 2015 ConocoPhillips plans to invest around $2.5 billion in Indonesia's upstream oil and gas industry over the next 3 or 4 years, the nation's energy minister says.


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