Capital Budget Annoucements News


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ACEN Partners with BrightNight for $1.2B of Philippine Renewable Projects
The partnership plans to develop and construct 1.0 gigawatts alternating current (GWac) of renewable energy projects in the Philippines.
8:00 PM EST | March 13, 2024
Canadian Overseas Petroleum Files Bankruptcy in Canada, USA
Canadian Overseas Petroleum Ltd. has filed bankruptcy in its home country and the United States.
8:00 PM EST | March 11, 2024
EIB Funds Sunfire to Bring Its Electrolysis Tech to Serial Production
The EIB signed its first agreement with Sunfire worth up to $109.2 million To support the innovative electrolysis technologies needed for Europe`s green transition.
8:00 PM EST | March 11, 2024
3 Power Firms Invest $3.3B in Philippines' 1st Integrated LNG Facility
The project will augment the country's power supply with over 2,500 MW and connect its energy sector with the global natural gas supply chain.
7:00 PM EST | March 06, 2024
UK to Invest $26.5B in Hydrogen Projects
'We are cementing the UK's place as a world leader in hydrogen'.
7:00 PM EST | February 29, 2024
EOG Misses Estimates Despite Production Increase
The company's adjusted net income for the fourth quarter of 2023 was $1.78 billion, or $3.07 per share, compared to $1.94 billion, or $3.30 per share, in the previous-year quarter.
7:00 PM EST | February 28, 2024
Canada to Up Oil and Gas CAPEX to $29.9B in 2024: Industry Group
Conventional oil and natural gas capital investment for 2024 is forecast at $20.10 billion (CAD 27.3 billion), while oil sands investment is expected to reach $9.79 billion (CAD 13.3 billion).
7:00 PM EST | February 27, 2024
Santos Secures $220MM Funding for Moomba CCS
The financing will be used to cover Moomba project costs incurred to date and will be tapped as the project progresses to the first injection, targeted for mid-2024.
7:00 PM EST | February 27, 2024
BP Moving Toward Bigger O&G Investment in Policy Shift: Investors
BP is showing signs of a pivot back toward oil and gas but is doing it too quietly to benefit its share price, according to Bluebell Capital Partners.
7:00 PM EST | February 26, 2024
Sage Geosystems Raises $17MM in Funding for Geothermal Facility
Houston-based Sage Geosystems has raised $17 million in Series A funding, which will finance the company's three-megawatt commercial geopressured geothermal facility facility to be constructed in Texas.
7:00 PM EST | February 21, 2024
Enercon Asia to Invest Up to $100MM in Clean Energy in Philippines
The Singapore-based company is aiming to invest $40 million to $100 million in the clean energy sector of the Philippines within the next two to three years.
7:00 PM EST | February 20, 2024
Energy Infra Provider Yinson Plans $1B Funding Round before IPO
The Malaysian firm is considering raising about $1 billion in a funding round for its FPSO unit before an IPO.
7:00 PM EST | February 19, 2024
European Commission Allots $7.4B for Hydrogen Infrastructure
The IPCEI Hy2Infra project will help support a wide part of the hydrogen value chain in Europe.
7:00 PM EST | February 19, 2024
Var Energi Looks to Boost Production, Exploration in 2024
The company increased fourth-quarter production by seven percent.
7:00 PM EST | February 18, 2024
Oil and Gas Firms Offshore Norway Seen Spending More in 2024
Oil and gas companies operating off the Norwegian coast are expected to spend an estimated $23 billion this year.
7:00 PM EST | February 14, 2024
Omani State Energy Firm OQ Mulls Two IPOs in 2024
OQ is evaluating plans to list its exploration and production business, as well as a methanol and liquefied petroleum gas fuels unit.
7:00 PM EST | February 08, 2024
Saudi Arabia Lines Up Goldman, Citi for Aramco Share Sale
The challenge for any new Aramco share sale would be attracting new investors.
7:00 PM EST | February 07, 2024
Canacol Plans Lower Capex in 2024
Canacol plans to spend $138 million to $151 million in capital for this year.
7:00 PM EST | February 07, 2024
Equinor to Pay $14B to Investors Even as Profit Drops
Equinor said it will pay out $14 billion in share buybacks and dividends this year.
7:00 PM EST | February 06, 2024
TotalEnergies Boosts Investor Return Despite 31 Percent Profit Drop
TotalEnergies SE raised its dividend and continued share buybacks.
7:00 PM EST | February 06, 2024
ExxonMobil Doubles Earnings Capacity
ExxonMobil has now doubled its earnings capacity vs a 2019 baseline, analysts noted in a BofA Global Research report sent to Rigzone.
7:00 PM EST | February 06, 2024
BP Accelerates Share Buybacks as New CEO Woos Investors
BP said it will repurchase $1.75 billion of shares each quarter in the first half of the year.
7:00 PM EST | February 05, 2024
Exxon Foray Into Energy Trading Is Starting to Pay Off
Exxon Mobil Corp's expanding trading operation boosted fourth-quarter earnings by more than $1 billion.
7:00 PM EST | February 01, 2024
Shell Maintains Pace of Buybacks as Profit Beats Estimates
The company will repurchase $3.5 billion of shares this quarter.
7:00 PM EST | January 31, 2024
Karoon Boosts 2024 CAPEX Guidance
The CAPEX guidance increase reflects additional capital costs incurred by the Who Dat, Dome Patrol and Abilene joint ventures.
7:00 PM EST | January 30, 2024
CNOOC Targets Continued Production Growth in Next 3 Years
In 2024, CNOOC expects to have a number of high-quality new projects put into production.
7:00 PM EST | January 29, 2024
Shell Makes FID to Convert Hydrocracker, Halt Processing in Wesseling
Shell has made a final investment decision to convert the hydrocracker at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils.
7:00 PM EST | January 28, 2024
Aramco Raises Venture Capital to $7.5B
Aramco has injected an additional $4 billion into its global venture capital arm to boost diversification and expansion in new technologies.
7:00 PM EST | January 23, 2024
Sabic Makes FID on Petrochemical Complex in Fujian, China
The complex, to be built in Fujian's Gulei Industrial Park, will consist of a mixed feed steam cracker, with an expected annual ethylene capacity of up to 1.8 million tons.
7:00 PM EST | January 23, 2024
Azure Secures Funding for SAF Facility in Manitoba
The proposed renewable fuel production facility in Canada will produce approximately 20,000 barrels per day of sustainable aviation fuel.
7:00 PM EST | January 18, 2024
Valeura Hits Average Production of 20,420 Bpd in 2023
Valeura posted a pro-forma net oil production of 20,420 bpd for 2023.
7:00 PM EST | January 17, 2024
Shell UK Makes FID on Victory Field in North Sea
The development will feature a single subsea well that will be tied back to existing infrastructure of the Greater Laggan Area system.
7:00 PM EST | January 17, 2024
NuVista Posts Oil Output High for Fourth Quarter
NuVista has posted a new company record with fourth-quarter 2023 production of 85,900 boepd, above its guidance range of 82,000 to 84,000 boepd.
7:00 PM EST | January 14, 2024
Beacon Offshore Makes FID on GOM's Winterfell Discovery
The Winterfell discovery will be developed as a cost-effective and low emissions subsea tieback.
7:00 PM EST | January 11, 2024
Statkraft Plans to Invest Up To $6.6B in Norway Wind, Hydro Energy
'Statkraft is presenting the largest investment program of its kind in hydro- and wind power in Norway for decades'.
7:00 PM EST | January 11, 2024
Arrow to Drill 15 Wells in Colombia Fields
Arrow is planning to drill 15 wells with a $33.68 million (CAD 45 million) net capital budget for 2024 as it focuses on its Colombian assets.
7:00 PM EST | January 10, 2024
YPF Sells $800MM Bond for Debt Buyback
Argentina's state-owned oil driller YPF tapped investors with a new dollar bond to help finance a buyback of existing debt.
7:00 PM EST | January 10, 2024
NextDecade Secures Funding for Rio Grande LNG Train Project
NextDecade has secured $62.5 million in funding for various purposes including the development of Train 4 of the Rio Grande LNG facility.
7:00 PM EST | January 08, 2024
EIB Backs Mytilineos Renewable Energy Projects
The EIB pledged $438.3 million in investment for Mytilineos for renewable energy production projects.
7:00 PM EST | January 07, 2024
Pattern Closes $11B Financing for Huge Clean Energy Project
Construction has started on SunZia Transmission and SunZia Wind, which it says is the largest clean energy infrastructure project in U.S. history.
7:00 PM EST | January 03, 2024
Anaergia Sells IRA Biogas Tax Credits for $16MM
Anaergia is selling $15.6 million of IRA tax credits generated by its biogas facility in Rhode Island.
7:00 PM EST | January 02, 2024
AltaGas Closes Pipestone Acquisition, Makes FID on Expansion
AltaGas Ltd. has closed the acquisition of several Pipestone natural gas assets in Montney and declared a positive final investment decision on the Pipestone Phase II expansion project.
7:00 PM EST | January 02, 2024
Founders to Inject $1.12B into Adani Green via Warrants
Adani Green got board approval to raise as much as $1.12 billion by issuing share warrants to its founders.
7:00 PM EST | December 26, 2023
ConocoPhillips Makes FID on Willow in Alaska
When completed, Willow is estimated to produce approximately 600 million barrels across the lifetime of the project.
7:00 PM EST | December 25, 2023
ING Ditches Oil & Gas, Aims to Triple Renewables Financing by 2025
ING said its upstream oil and gas financing will be phased out by 2040, while its investment in renewable energy will be tripled by 2025.
7:00 PM EST | December 24, 2023
EPA, DOE to Grant $350MM to 14 States to Cut Methane Emissions
The funding will help states support industry efforts to cut methane emissions from wells on nonfederal lands and support environmental restoration of well sites.
7:00 PM EST | December 18, 2023
Imperial Estimates $1.27B in CAPEX for 2024
The company plans to focus on maximizing the value of its existing assets and progressing high-value growth opportunities while continuing to reduce company emissions.
7:00 PM EST | December 18, 2023
Asia-focused PE Firm Raises $800MM for Energy Transition, Infrastructure
Seraya Partners is 'committed to bolstering the region's transition to net zero and accelerating the adoption of clean sustainable energy'.
7:00 PM EST | December 14, 2023
Shell Makes FID for Campaign to Boost Output in GOM Asset
Shell plans a phased campaign to deliver three wells in the Great White unit, designed to boost production at the Perdido Spar.
7:00 PM EST | December 13, 2023
Exxon Will Pay Some Oil Traders Cash Bonuses in Expansion Plan
Exxon Mobil Corp. introduced a new compensation policy that would pay some traders cash bonuses.
7:00 PM EST | December 12, 2023