capex | Egypt Oil & Gas
Energean Posts Strong Results for H1 2020
International oil and gas exploration and production (E&P) company, Energean, has recorded strong results for the period ending on June 20, with combined business pro forma production of 52,100 barrels of oil equi...
NNPC Receives $1 B Funding for Upstream Operations
The Nigerian National Petroleum Corporation (NNPC) has received a prepayment funding of around $1 billion to support the upstream operations of its subsidiary company, the Nigerian Petroleum Development Company (NPDC)...
India Initiates 8,363 Oil, Gas Projects
The Indian government has kick-started in excess of 8,363 oil and gas projects since April whilst following all pandemic related standard operating procedures (SOP), according to a press release. India’s oil minister,...
Saudi Aramco Plans to Cut Capital Spending Further
Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors, according to the Financial Times. Saudi Aramco is now reported ...
Saudi Aramco Intends to Boost Capacity by 1 MMBBL/D
Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex), acc...
Eni Cuts Back on 2020 Targets
Italian company Eni has adjusted the company’s financial outlook for the coming year and has announced capital expenditure (Capex) cuts of EUR 2.3 billion for 2020, according to a press release. The company’s outlook...
Abu Dhabi Exports, Investments Feel Pinch of Oil Prices
Fabulously wealthy Abu Dhabi is tightening its belt as low oil prices slash its export revenues – a sign that even the richest economies of the Gulf are not escaping the impact of cheap oil. The emirate of about...
Drills and Capex Sacrificed by KMG EP Due to Oil Prices
KMG EP has revised its 2015 budget and capital expenditure is expected to be $457 million, which is $164 million, or 26%, less than the capital expenditure plan for 2015 approved in December 2014. This is 34% lower th...Page 1 of 1
