Capital Budget Annoucements News


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Sound Energy Tags Moroccan Bank To Arrange Tendrara Financing
Monday, June 27, 2022Sound Energy has signed a Mandate letter with Attijariwafa bank of Morocco to arrange the debt financing of the Tendrara Production Concession.

Targa Sells $1.25B Senior Notes To Fund Lucid Acquisition
Monday, June 27, 2022Targa Resources has priced its $1.25 billion underwritten public offering.

These Are the Largest Energy Companies by Market Cap Right Now
Tuesday, June 21, 2022Find out exactly how energy companies around the world ranked.

Apache Corp Opens Tree Grant Program Application
Thursday, June 16, 2022Apache Corporation has opened its Tree Grant Program application for the 2022-2023 planting season.

Biden Tells USA Oil Refiners Record Profits Not Acceptable
Wednesday, June 15, 2022President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable.

ExxonMobil Made More Money Than God This Year
Monday, June 13, 2022'We're going to make sure that everybody knows Exxon's profits'.

Kinetik Holdings Secures $4.25B Refinancing Package
Friday, June 10, 2022Kinetik Holdings has secured three separate loans totaling $4.25 billion aimed at repaying and retiring all existing debt.

DeepOcean Posts 42 Pct Revenue Jump in 2021
Tuesday, June 07, 2022DeepOcean has posted a revenue jump of 42 percent in 2021, reaching figures of $499.4 million, compared to $352.5 million in 2020.

ESG Equity Funds See Record Outflows In May
Thursday, June 02, 2022This year's weak performance by US stocks has forced many investors to recalibrate their portfolios. And they're fleeing do-good strategies.

Cenovus Restarts West White Rose Project After Two-Year Break
Tuesday, May 31, 2022Cenovus Energy has decided to restart the West White Rose Project offshore Newfoundland and Labrador after more than two years.

ONGC To Invest Billions In Exploration Activities
Monday, May 30, 2022India's ONGC will be investing up to $4 billion over the next three years to boost exploration activities.

Kinetik Opts for Stock Split To Boost Liquidity
Tuesday, May 24, 2022Kinetik Holdings BoD has approved a two-for-one split of the company's common stock.

Vattenfall Gets Funds For First-Ever Hydrogen Producing Wind Turbine
Friday, May 20, 2022Vattenfall has been awarded $11.6 million in innovation funding from the Net-Zero Innovation Portfolio Low Carbon Hydrogen Supply 2 fund by the UK Government.

New EU Plan Tackling Energy Crisis And Climate Change
Thursday, May 19, 2022The European Commission has presented the REPowerEU Plan, its response to the global energy market disruption caused by Russia's invasion of Ukraine.

WoodMac: $1 Trillion Offshore Wind Market The Next Big Opportunity
Thursday, May 19, 2022Almost $1 trillion will flow into the offshore wind industry over the next decade, according to WoodMackenzie.

Peterhead Carbon Solution To Provide $1.5Bn To UK Economy
Monday, May 16, 2022A planned power station with a CCS solution at SSE Thermal's Peterhead site could generate around $1.5Bn to the UK throughout its lifetime.

Neptune Energy Posts First Quarter Profit Jump
Monday, May 16, 2022Neptune Energy posted a significant jump in financial figures with net profit increasing more than six times in the first quarter of 2022, compared to Q1 2021.

Aramco Sets New Quarterly Earnings Record
Monday, May 16, 2022Saudi Aramco revealed that it set a new quarterly earnings record.

Aramco Overtakes Apple
Friday, May 13, 2022Saudi Aramco has become the largest company by market cap, according to companiesmarketcap.com.

Sabic Sees Profit Hit by Costs
Friday, May 13, 2022The company is controlled by oil giant Saudi Aramco.

Petrobras Investing $16B In Campos Basin Revitalization
Tuesday, May 10, 2022Petrobras will invest $16B in the revitalization of Campos, with plans to install three new platforms and interconnect more than 100 oil rigs.

Neptune Energy Earmarks $1 Bn For Net-Zero Goals
Tuesday, May 10, 2022Neptune Energy has earmarked $1 billion to invest in UK's energy supplies and to speed up the transition to net-zero.

Activists Targeting $491 Bn In So-Called Toxic Oil, Gas, Coal Bonds
Tuesday, May 10, 2022Climate activists have singled out a group of companies that hold $491 Bn of bonds outstanding, in a campaign designed to cut funding for producers still expanding their carbon-intense operations.

Stagflation Appears to be Here and Now Says Energy Expert
Monday, May 09, 2022One of Rigzone's regular market watchers looks at the issue of stagflation, oil and gas prices, first quarter results and more.

U.K. To Get Surge Of Tax Payments From Shell And BP
Friday, May 06, 2022The U.K. Treasury will get a boost from Big Oil's tax payments for the first time in years as high energy prices send companies' profits surging.

U.S. Shale Cash Flow About to Wipe Out A Decade Worth Of Losses
Friday, May 06, 2022U.S. shale oil and gas producers are on the cusp of making back their losses from the last decade.

Shell Reports Strong 1Q Results
Thursday, May 05, 2022Shell reported 'strong results in volatile times'.

Shale Explorers Boost Payouts Over Production
Tuesday, May 03, 2022Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends.

BP Reports $20B Loss in 1Q Results
Tuesday, May 03, 2022The reported loss for the quarter was primarily due to BP's decision to exit its Rosneft shareholding.

Shale Giants Dump Oil Hedges
Tuesday, May 03, 2022Producers in the aggregate are looking at about $42 billion in oil and gas hedging losses through 2023, according to BloombergNEF calculations of data from last year.

Penspen Secures $25MM Worth Of Contracts In 1Q 2022
Monday, May 02, 2022Penspen has built on last year's strong performance with over $25 million worth of new contracts signed in the first quarter of 2022.

Exxon 1Q Profits Double Despite $3.4B Charge From Sakhalin Exit
Monday, May 02, 2022ExxonMobil has announced estimated first-quarter 2022 earnings of $5.5 billion, slightly higher than the prior quarter.

Upstream Sector To Make Record Government Payments In 2022
Friday, April 29, 2022High commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high this year.

TotalEnergies To Invest Oil Cash In LNG And Renewables
Friday, April 29, 2022TotalEnergies plans to use part of its cash generated from surging hydrocarbon prices to speed up investment in LNG and renewables.

Chevron Reaps Biggest Profit in Almost 10 Years
Friday, April 29, 2022Chevron Corp. posted the highest quarterly earnings in almost a decade.

TotalEnergies 1Q Net Income Rises Almost 50 Percent YoY
Thursday, April 28, 2022TotalEnergies has revealed that its first quarter net income rose almost 50 percent.

Oil Exporters Bagging $818B Windfall Cautioned by IMF
Wednesday, April 27, 2022The IMF has sharply raised its view of the revenue windfall that the oil-exporting nations of the Middle East and Central Asia will collect in 2022.

Big Oil Russia Writedowns Eased by Cash From $100 Oil
Tuesday, April 26, 2022This will be a first-quarter earnings season full of contradictions.

USA Refiner Golden Age Starts Now
Tuesday, April 26, 2022The refiner golden age starts now, according to BofA Global Research.

Valero Reports Best Fuelmaking Margins Since 2015
Tuesday, April 26, 2022Valero Energy Corp. reported the highest refining margins since 2015.

Targa Fully Redeems Series A Preferred Stocks
Wednesday, April 20, 2022Targa Resources has decided to redeem its 9.5 pct Series A Preferred Stock to the call for redemption on May 3, 2022.

Halliburton Boosts 1Q Net Income 55 Percent Year on Year
Wednesday, April 20, 2022Halliburton's total revenue for the first quarter of 2022 was $4.3 billion.

TGS Posts Segments Revenues Increase In 1Q
Monday, April 11, 2022TGS has reported an increase in preliminary net segment revenues for the first quarter of 2022.

Exxon Flags Huge Profit Jump
Tuesday, April 05, 2022Exxon Mobil Corp. signaled its highest profit since 2008.

Aramco Luberef Refinery Unit Plans $1B IPO
Tuesday, April 05, 2022Saudi Arabia's stock market is one of the 10 best performing markets in the world this year.

Climeworks Raises $650MM to Scale Up CO2 Sucking Tech
Tuesday, April 05, 2022The $650 million Climeworks secured is the largest sum ever raised by a carbon-dioxide removal company.

Gulf Keystone Turns A Profit In 2021 As Production Jumps
Thursday, March 31, 2022Gulf Keystone, an operator and producer in Iraq, swung to a profit in 2021 on the back of a 19 percent increase in gross average production.

CNOOC Plans Share Buybacks After Record Profit
Wednesday, March 30, 2022China's biggest offshore driller reported 70.3 billion yuan ($11 billion) in net income in 2021.

Petronas Denies Any Sapura Energy Takeover Talks
Monday, March 28, 2022Petronas has denied media reports that it could be buying a significant stake in cash-strapped oil and gas services firm Sapura Energy.

Shell To Invest $33Bn In UK After Cutting Russian Ties
Friday, March 25, 2022Shell has announced that it will inject up to $33 billion into the UK's energy system following the company cutting all ties with Russia.