News Topics: Capital Budget Annoucements

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Marathon Oil Cuts Capital Budget After Posting Quarterly Loss
Wednesday, August 02, 2017 Marathon Oil Corp cuts its 2017 capital budget after posting a quarterly loss that fell in line with Wall Street's expectations.

Despite Cuts in CAPEX & Revenue, Silver Linings Exist for US Oil, Gas
Wednesday, August 02, 2017 A new EY study reveals opportunities still exist for US oil and gas, despite a year of declines.

EOG Resources Profit Disappoints, But Sticks By CAPEX
Tuesday, August 01, 2017 EOG Resources Inc posted a lower-than-expected quarterly profit.

Devon Energy Trims Full-Year Spending
Tuesday, August 01, 2017 Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.

LyondellBasell Plans Its Largest Investment Ever Near Houston
Friday, July 21, 2017 The new PO/TBA project should create up to 2,500 construction and approximately 160 permanent jobs.

Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Friday, May 26, 2017 Motiva called the $18 billion estimate "a general framework of opportunities."

Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Wednesday, May 24, 2017 Motiva's Port Arthur facility is already the largest refinery in the United States.

'Commercial NOCs' Seek Help for Offshore Projects
Monday, May 01, 2017 NOCs are increasingly using the private-sector playbook for offshore CAPEX.

US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Friday, April 21, 2017 US CAPEX and rig counts to drive production growth of 5% this year; drilling and completion spending to increase by 58% this year, according to Fitch Ratings' modeling.

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.

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.

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.

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.

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.

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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