News Topics: Capital Budget Annoucements

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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.

Sabine Oil & Gas Emerges from Bankruptcy as Private Company
Friday, August 12, 2016 Sabine Oil & Gas Corporation confirms that its Chapter 11 Plan of Reorganization is now effective and revealed that it has emerged from bankruptcy as a private company.

Apache Deploys Additional Capital As Oil Prices Improve
Thursday, August 04, 2016 Apache said it started deploying additional capital and expected spending this year to be at the higher end of its forecast range, given "modest signs of improvement" in oil prices.

C&J Energy Files for Bankruptcy to Cut $1.4B in Debt
Wednesday, July 20, 2016 C&J Energy Services files for US Chapter 11 bankruptcy protection with an agreement with its lenders to swap $1.4 billion in debt for ownership of the reorganized company.

Magnolia Petroleum Acquires Assets from Famcor Oil
Thursday, June 30, 2016 Magnolia Petroleum Company has acquired all assets from Houston-based Famcor Oil, including 70 operated wells.

Study: Mid-Market Oil, Gas Companies Face Long Road to Recovery
Tuesday, June 28, 2016 Mid-market oil and gas companies will take time to recover from the recent downturn in oil and gas prices, a recent BDO study finds.


 
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