
News Topics: Capital Budget Annoucements
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BP, ConocoPhillips Reduce 2010 Spending Plans in Alaska
Thursday, November 19, 2009 - BP and ConocoPhillips have reduced their capital spending and developmental budgets for Alaska in 2010 because of higher costs to produce mature fields, disappointing exploratory results and the state's new tax regime, the companies said.
Suncor Tags 2010 Capital Spending Plan Near $5B
Friday, November 13, 2009 - Suncor Energy's Board of Directors has approved the company's C$5.5 billion capital spending plans for 2010. Approximately C$1.5 billion will be directed toward growth project funding, primarily at the company's oil sands operations.
Exxon, Chevron Likely to Lift 2010 Capital Spending
Friday, November 13, 2009 - Oil giants ExxonMobil and Chevron are expected to inch up their capital spending in 2010 and continue their massive investments in major projects.
Pacific Rubiales Tags Accelerated Quifa Devt at $162MM
Monday, November 02, 2009 - Pacific Rubiales has announced an expanded capital plan for 2010 that includes a US $853 million capital expenditure program. At Quifa, the company will spend $162 million for the accelerated development of the block.
Pemex to Seek $8B-$10B Financing for 2010 Investments
Friday, October 30, 2009 - Pemex's CFO reported that the Mexican oil major will likely borrow up to $10 billion to help finance its investment plans for the upcoming year.
Canadian Oil Sands Underscores 2010 Budget
Thursday, October 29, 2009 - "We expect steadier operations in 2010 with production averaging 315,000 barrels per day, or about 90 percent of Syncrude's current design capacity," said Marcel Coutu, Canadian Oil Sands' President and Chief Executive Officer.
Petrobras' Capital Increase Should Be Largest in History
Wednesday, October 21, 2009 - The Director of Finance and Investor with of Petrobras, Almir Guilherme Barbassa, detailed, in a public hearing in the Brazilian Senate on Tuesday, October 20, the capitalization process of Petrobras.
Chevron's CEO Warns of Possible Oil Shortage in Next Decade
Monday, October 19, 2009 - Chevron's Chairman and Chief Executive David O'Reilly on Sunday warned of a potential oil supply shortfall midway through the next decade that could potentially trigger a substantial increase in prices.
ConocoPhillips and Oil Industry Capital Spending in 2010
Thursday, October 15, 2009 - G. Allen Brooks analyzes ConocoPhillips' plans to revise its corporate strategy by selling $10 billion in assets and reducing its capital spending for 2010.
Norway's Offshore Activity High But Oil Output in Decline
Tuesday, October 13, 2009 - Norway's Minister of Petroleum and Energy noted that the country is working to sustain a high level of offshore activity to curtail a decline in its oil production. Gas production, however, is on the rise.
ConocoPhillips Trims Capital Budget to $11B, Will Sell $10B in Assets
Wednesday, October 07, 2009 - ConocoPhillips has increased its quarterly dividend, and has announced plans to improve its financial position and increase returns on capital through a combination of enhanced capital discipline and portfolio rationalization.
DONG Energy to Strengthen Capital Structure
Tuesday, October 06, 2009 - The supervisory board of DONG Energy has resolved to strengthen the capital structure through a number of initiatives including a reduction in the net investment program for the coming years.
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