Capital Budget Annoucements News


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Top Headlines: Aramco Awards Deals Worth $10B and More
Saturday, December 04, 2021Check out some of Rigzone's top stories this week.

Chevron Sets 2022 Spending Budget At $15B
Thursday, December 02, 2021Chevron has announced a 2022 organic capital and exploratory spending program of $15 billion, up more than 20 percent from 2021 expected levels.

Exxon To Spend $15B On GHG Reduction Projects By 2027
Wednesday, December 01, 2021Exxon will increase spending to $15 billion on GHG emission-reduction projects over the next six years.

Gazprom Reports Record 3Q Profit
Tuesday, November 30, 2021Net income rose to 581.8 billion rubles ($7.8 billion) compared with a net loss a year ago.

Top USA Rig Owner Tumbles on Profit Squeezing Inflation
Friday, November 19, 2021Helmerich's warning follows similar commentary by America's No. 2 provider of frack pumps.

RWE To Double Green Energy Capacity With $57B Investment
Tuesday, November 16, 2021RWE has revealed its plans to invest $57 billion through 2030 to double its green energy capacity to 50 GW.

Majors Need 4 More Years to Surpass Pre-Covid Payouts
Wednesday, November 10, 2021Even in the long-term, the oil majors will struggle to relive the glory years of the late-2000s.

Oil Refiner Weighs Spinoff of Renewables Business
Wednesday, November 03, 2021"We are taking a long-term view and want to prepare for the future," CVR Chief Executive Officer Dave Lamp said.

BlackRock Draws $673M To Fund Climate Infrastructure Projects
Tuesday, November 02, 2021BlackRock has drawn in $673 million in funding as part of a plan to invest in climate infrastructure in emerging markets.

Aramco Earnings Surge
Monday, November 01, 2021Third-quarter net profit climbed to $30.4 billion.

Surging Oil Prices Not All Good for Aramco
Monday, November 01, 2021The surge in oil prices is hurting Aramco's refining and chemicals unit.

Majors Will Not Come Running to Fight Energy Crunch
Monday, November 01, 2021Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they'll spend their windfall profits on share buybacks and dividends.

Top Headlines: SLB Sees Multi-Billion Dollar Global Revenue in 3Q and More
Saturday, October 30, 2021Check out some of Rigzone's top stories during the last week.

Chevron Eyes More Buybacks After Record Cash Flow
Friday, October 29, 2021Chevron shares rose 2.1 percent to $115.50 in pre-market trading.

Exxon Lifts Dividend
Thursday, October 28, 2021Exxon will pay shareholders 88 cents a share during the current quarter, an increase of 1 cent.

Shell Generates Record Cash Flow in 3Q
Thursday, October 28, 2021The figure was supported by 'outstanding' cash generation across the businesses and 'boosted' by commodity derivatives.

TotalEnergies Profit Jumps More Than Expected
Thursday, October 28, 2021While an energy supply crunch is wreaking havoc on Europe's economy, it's lifting the earnings of major producers to multiyear highs.

Big Oil About to Post Highest Cash Flow in 13+ Years
Tuesday, October 26, 2021The five supermajors will report about $29 billion in free cash flow combined in the third quarter, according to analysts' estimates compiled by Bloomberg.

Schlumberger Sees $Multibillion Global Revenue in 3Q
Monday, October 25, 2021Schlumberger's net income for 3Q came in at $550 million.

NatWest To Provide $137B For Climate And Sustainable Funding
Thursday, October 14, 2021NatWest has set a target of providing $137 billion of sustainable and climate funding for its customers by the end of 2025.

Seadrill Reorganization Plan Accepted by Creditors And Shareholders
Tuesday, October 12, 2021All voting classes of stakeholders and creditors accept Seadrill's reorganization plan.

Permian Shale Oil Is Booming Again
Monday, October 11, 2021Increased access to financing and strong oil demand has created an opening for closely held producers.

Lamprell Gets Loan To Cover Jack-Up Rig Duo Building Costs
Wednesday, October 06, 2021Lamprell funds for the continuation of construction of two IMI newbuild jack-up rigs.

Exxon Sees $700MM Windfall from Gas Rally
Friday, October 01, 2021Exxon Mobil Corp. said higher global natural gas prices will increase third-quarter profit by about $700 million, a sum that should help the oil giant reduce its debt pile.

Lightsource BP Secures $1.8B Credit Facility
Wednesday, September 22, 2021Lightsource bp has secured a new $1.8 billion revolving credit facility and trade finance facility.

Diamondback Rises After Accelerating Returns
Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Gunvor to Tap Bond Market for First Time Since 2013
Thursday, September 16, 2021Gunvor Group Ltd. is seeking a return to the bond market for the first time in eight years.

Western Gas Partners Up To Drill Sasanof-1 Well Off Australia
Wednesday, September 08, 2021Western Gas partners up to fund part of the drilling costs for the Sasanof-1 exploration well offshore Australia.

ADNOC To Offer Drilling Unit Stake In IPO
Wednesday, September 08, 2021ADNOC is planning on selling a stake in its drilling company ADNOC Drilling in an initial public offering.

Mexico Refinancing Pemex Debt
Tuesday, September 07, 2021Mexico has begun a process of refinancing state-owned Petroleos Mexicanos's debt, after the nation received a transfer of about $12 billion from the International Monetary Fund.

Seadrill Limited To Exit Chapter 11 In Q4
Monday, September 06, 2021Seadrill Limited to soon emerge from Chapter 11 following court approval of its disclosure statement for the reorganization plan.

Shale Prudence Wins Over Debt Market
Tuesday, August 10, 2021Shale drillers racked up a staggering $42 billion in new debt in the first half of the year, but it's not what you think.

Aramco Chemicals Deal Shows Signs of Paying Off
Monday, August 09, 2021Saudi Aramco's decision to buy chemicals maker Sabic, which led its debt levels to burst through a self-imposed borrowing target, is now showing signs of paying off.

Saudi Aramco Profit Surges
Monday, August 09, 2021Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.

USA Shale Producers Stay Disciplined
Friday, August 06, 2021U.S. shale producers are remaining disciplined with production and capital guidance despite high oil prices, according to GlobalData.

Petrobras Earnings Jump Triggers Upgrades
Thursday, August 05, 2021Brazil's state-controlled oil company saw its earnings surge in the second quarter, triggering upgrades and a rally in premarket trading.

ConocoPhillips Posts Highest Profit Since 2018
Tuesday, August 03, 2021ConocoPhillips beat estimates as rising commodity prices led America's biggest independent oil producer to the highest profit in nearly three years.

BP Increases Buybacks and Dividend
Tuesday, August 03, 2021BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.

Exxon Posts Highest Profit in More Than 2 Years
Friday, July 30, 2021Exxon Mobil Corp. posted the highest profit in two years as prices for commodities and chemicals surged amid strong consumer demand for plastics.

Chevron Revives Buyback of Up to $3B
Friday, July 30, 2021Chevron Corp. is reviving share buybacks that were suspended more than a year ago.

Eni Delivers Exceptional Results
Friday, July 30, 2021Eni delivered exceptional results in the second quarter of the year, according to the company's chief executive officer.

Shell Hikes Dividend and Starts $2B Share Buyback
Thursday, July 29, 2021Royal Dutch Shell raised its dividend by almost 40 percent and said it will buy back $2 billion of shares.

Big Oil Shows Confidence That Big Profits Era Is Back
Thursday, July 29, 2021Europe's largest oil and gas companies showed confidence that the era of big profits is back by significantly boosting returns to shareholders.

Fairfield Decom to Cease Trading
Monday, July 12, 2021Fairfield Decom has confirmed that it will cease trading in a statement posted on its website.

Qatar Petroleum Raises $12B+ in Bond Offering
Monday, July 05, 2021Qatar Petroleum has announced that it has raised $12.5 billion in a multi-tranche bond offering.

Gulf Coast Refiner May Spend $550MM on Idled Unit
Friday, June 25, 2021Economic development agency states the project would allow the facility to retain 516 jobs.

Exxon Projects to Help Retain 1,300 Louisiana Refinery Jobs
Thursday, June 10, 2021ExxonMobil will advance more than $240 million in capital improvements at its Baton Rouge Refinery, visible in the background of this photo.

N-Sea Offshore Ltd Appoints Administrators
Friday, May 28, 2021Aberdeen based N-Sea Offshore Ltd is appointing administrators to take control of the company, a statement on the company's website has revealed.

Gulf of Mexico Fatality and More
Saturday, May 22, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

The Renewables vs Oil Spend of Majors
Wednesday, May 19, 2021How much will the majors pump into renewables and oil and gas over the next few decades?