Investments
2015, December, 23, 19:25:00
SHELL CUT PLAN BY $2 BLN
Shell has already taken action to cut costs and reduce spending this year by $12 billion, but Tuesday’s announcement of a $33 billion target for next year is $2 billion below the company’s previous guidance.
2015, December, 21, 19:40:00
INDIA WANTS SIBERIA
The deal, which could be worth around $1 billion based on the valuation of a recent stake purchase, is expected to take final shape during Prime Minister Narendra Modi's visit to Moscow next week for summit talks with President Vladimir Putin, said the sources with direct knowledge of the situation.
2015, December, 21, 19:30:00
ROSNEFT INCREASES INVESTMENTS
Within the ambit of delivering strategic goals of boosting production, securing deliveries of oil and oil products, maintaining a market share (both in Russia and abroad), the Company plans to increase capital expenditures by a third (compared to 2015 levels).
2015, December, 11, 19:45:00
STATOIL & REPSOL TRANSACTIONS
Statoil and Repsol announce transactions in Norway, UK, US and Brazil
2015, December, 11, 19:30:00
PEMEX WILL SPEND $23 BLN
The $23 billion in downstream projects would enable a 7 million-tonne/year reduction in the Mexico’s carbon dioxide emissions.
2015, December, 11, 19:25:00
BP COMPLETED $12 BLN
The agreement will involve the development of five trillion cubic feet of gas resources, as well as 55 million barrels of condensates. Production from WND is expected to be around 1.2 billion cubic feet a day (bcf/d) and all the produced gas will be fed into Egypt's national gas grid.
2015, December, 11, 19:20:00
CONOCO CUTS $7.7 BLN
The company also expects to close $2.3 billion of noncore asset sales, including $600 million from transactions that closed through the first three quarters of 2015. The remaining $1.7 billion represents deals with agreements in place that are expected to close in fourth-quarter 2015 or first-quarter 2016.
2015, December, 11, 19:15:00
MURPHY CUTS 60%
“This compares to $2.3 billion in 2015, so a nearly 60% cut. This is one of the steepest 2016 spending cuts we’ve seen across oil and gas producers.”
2015, December, 10, 19:25:00
PETROBRAS SALE $1.5 BLN
Petroleo Brasileiro SA, as Petrobras is formally known, is targeting $15.1 billion in disposals by the end of next year but has struggled to sell assets in less attractive prospects off Brazil and in the Gulf of Mexico.
2015, December, 10, 19:20:00
CHEVRON WILL REDUCE $26.6 BLN
Chevron, the second-largest energy company in the U.S. by revenue, and other major oil companies have been cutting costs and capital spending plans in response to an extended downturn in prices for crude.
2015, November, 30, 20:00:00
$30 BLN FOR IRAN
“We are interested to come back to Iran when the sanctions are lifted and if the contracts are interesting,” Stephane Michel, Total’s head of exploration and production in the Middle East said at the conference. “We have worked in this country for a long time, so we know specific fields on which we’ve worked.”
2015, November, 27, 20:00:00
SAUDI INVESTMENT TO INDONESIA
"Indonesia is an important country for Saudi Arabia, a rising global economy, we would like to be a part of the growth of Indonesia," Saudi Aramco CEO Amin H Al-Nasser said at the signing of the initial agreement to upgrade the Cilacap refinery in Indonesia's Central Java province.
2015, November, 26, 19:55:00
50 IRAN'S OIL&GAS PROJECTS
The government hopes international companies will commit at least $100 billion that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day.
2015, November, 25, 19:45:00
NORWAY'S INVESTMENTS WILL FALL 9.3%
‘The latest estimates for 2016 show that total investments are expected to amount to NOK 219.4 billion. This is 5.4 per cent lower than the corresponding figure for 2015. The decline is mainly due to a fall of 9.3 per cent within oil and gas’ reads the statement.
2015, November, 24, 19:45:00
UPSTREAM INVESTMENTS DOWN 20%
“We know that energy demand is growing. We also know that renewable energy will have to meet most–if not all–of this increased demand. Oil and gas will remain critically important energy resources," Mr. Sætre said on Monday. "Even in a 2 degree world we need oil and gas roughly at today’s levels in 2040."