News Topics: Capital Budget Annoucements
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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.
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.
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.
Drilling Activity to Rebound in 2016 after Exploration Cuts this Year
Thursday, March 26, 2015 Drilling activity across the global oil and gas industry could return to 2014 levels next year, according to a new report from research firm Wood Mackenzie.
Maurel et Prom Slashes Oil Hunting Budget as Prices Weak
Thursday, March 26, 2015 France's Maurel et Prom slashes its exploration budget by more than 60 percent.
Genel Raises Debt to Fund Kurdistan Strategy
Thursday, March 26, 2015 Iraqi Kurdistan-focused Genel Energy completes a placing of $230 million of bonds.
Angola Sees Oil Output Rising 10% This Year to 1.84M Bpd
Friday, March 20, 2015 Angola expects oil output to average 1.84 million barrels per day (bpd) this year, up 10 percent from 1.67 million bpd in 2014, according a revised 2015 budget passed by parliament, the state news agency says.
Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.
Malaysia's Petronas Says $5B Bond Issue for Capex, Possible M&As
Thursday, March 19, 2015 Malaysia's Petronas plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company says.
Sirius Continues Work to Secure Funds for Ororo Development
Monday, March 16, 2015 Sirius Petroleum continues to work on the completion of a $14-million loan in order to fund the development of its Ororo field in Nigeria.
Russia's Gazprom Neft Eyes Help from National Wealth Fund
Wednesday, March 11, 2015 Gazprom Neft may apply to receive money from Russia's National Wealth Fund to develop some upstream projects.
Cairn Bucks Trend by Increasing Oil Exploration Budget
Tuesday, March 10, 2015 Cairn Energy announces an increase to its exploration budget for 2015.
Cairn India Cuts FY 2016 Capex to $500M from $1.2B Due to Low Oil Price
Thursday, March 05, 2015 Cairn India reduces capital expenditure for fiscal year 2016 from $1.2 billion to $500 million in the current low oil price environment.
Cairn India Slashes 2015-16 Capex on Falling Crude
Wednesday, March 04, 2015 Cairn India cuts capital spending by about 60 percent as falling oil prices hurt profitability and make project expansions unviable.
Oil Producer Afren Defaults on 2016 Bonds
Wednesday, March 04, 2015 Africa-focused oil producer Afren defaults on its 2016 bonds after declining to make a $15-million interest payment.
Anadarko Petroleum Cuts '15 Capital Expenditures By A Third
Tuesday, March 03, 2015 Anadarko says it would reduce spending by about 33% this year, as it responds to lower crude oil prices.
Reality Hits North Dakota's Pricey Apartment Market; Rents Drop
Monday, March 02, 2015 It is getting cheaper to rent an apartment in North Dakota's oil patch.
Woodside to Issue $1B in Corporate Bonds
Friday, February 27, 2015 Woodside to issue $1 billion in corporate bonds to help fund its capital and exploration expenditure program.
Russia's Rosneft May Get 300B Roubles from National Wealth Fund
Friday, February 27, 2015 Russian state oil firm Rosneft may get $5 billion from Russia's National Wealth Fund to finance five projects.
Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.
SandRidge Energy Cuts 2015 Capex By 56%
Thursday, February 26, 2015 SandRidge sets a capital budget of $700 million for 2015, 56% lower than a year earlier, as the company responds to a slump in crude oil prices.
Exxon Says Spending To Fall 11% This Year To $34B
Thursday, February 26, 2015 ExxonMobil says spending will decline about 11% this year to around $34 billion due to plunging oil prices, according to a regulatory filing this week.