Tag Archives: budget
Bakken, Guyana earmarked for 75% of Hess’s $2.9-billion budget in 2019
HOUSTON, Dec. 1012/10/2018 By OGJ editors Hess Corp. will allocate some 75% of its $2.9-billion 2019 exploration and production capital and expenditure budget to high-return growth assets in the Bakken and in Guyana. Net production is forecast to average 270,000-280,000 boe/d … Continue reading
CNOOC targets steady production increase during 2019-21
01/23/2019 Offshore Staff HONG KONG – CNOOC is targeting net production in 2019 of 480-490 MMboe, with output from China and overseas accounting for 63% and 37%, respectively. Last year the company achieved net production of around 475 MMboe – its estimates for … Continue reading
After slashing capex, Petronas plans up to 30% cut in opex
Wednesday, 7 January 2015 By: JAGDEV SINGH SIDHU, NG BEI SHAN PETALING JAYA: Petroliam Nasional Bhd (Petronas) is looking to make cuts in its operating expenditure (opex) by between 25% and 30% to preserve its profitablity as crude oil prices … Continue reading
Thai PTTEP cuts 5-year investment budget, sales forecast
REUTERS Wed Mar 5, 2014 1:43am EST * PTT sees 2014 revenue up 4 percent * PTTEP to invest $25 billion in next 5 years * Aims to list refinery SPRC, power unit in H2 * PTTEP petroleum sales seen … Continue reading
Indonesia’s Oil and Gas Investment to Reach US$25 Billion
January 05, 2014 BY MAREX Indonesia’s Upstream Oil and Gas Regulatory Body (SKK-Migas) has said that upstream oil and gas investment in 2014 is targeted to reach US$25.64 billion. This includes US$3.84 billion for exploration activities, US$ 1.6billion for administrative … Continue reading
PTTEP reveals 2013 achievement and five-year plans
PTTEP Newsroom 07 Jan 14 Increase sales volume to 292,000 barrels of oil equivalent per day or a rise of 6% Accelerated development plan to increase our proved reserves life (R/P) to 10 years Invests over USD 27,000 million in … Continue reading
Chevron’s $39.8 billion 2014 capital budget lower than 2013
HOUSTON, Dec. 13 12/13/2013 By Matt Zborowski OGJ Staff Writer Chevron Corp. reported plans to spend $39.8 billion on its capital and exploratory program for 2014, including $4.8 billion of planned expenditures by affiliates that do not require cash outlays by Chevron. … Continue reading
ConocoPhillips Announces 2014 Capital Budget of $16.7 Billion and Affirms Production Growth Target
PRESS RELEASE December 6, 2013 HOUSTON – ConocoPhillips (NYSE: COP) today announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the … Continue reading
PTTEP cuts 2013 investment
By Josh Lewis & news wires 11 July 2013 05:45 GMT Thailand’s PTT Exploration & Production has cut its 2013 investment budget by 46% in response to slower-than-expected global economic growth. The state-run company will now invest 54.6 billion … Continue reading
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