ConocoPhillips announced a 2013 capital budget of $15.8 billion (including contributions to the FCCL joint venture), which is approximately flat to expected 2012 capital program spending. Investments during 2013 will target the company’s diverse portfolio of global opportunities, with approximately 60 percent of the budget allocated toward North America and 40 percent toward Europe, Asia [...]
Fluxys’ General Meeting of Shareholders has decided on a capital increase of over €140 million. The capital increase will support the continuation of Fluxys’ development in Europe and allows the company to maintain a solid equity/debt ratio. In the process, the Belgian Federal Holding and Investment Company is to acquire a stake of approximately 2%. [...]
Icon Energy announced that it has completed a $10.0 million capital raising of approximately 45.5 million new ordinary shares to institutional, sophisticated and professional investors at a price of $0.22 per share. The Placement received strong support from both existing and new investors. The Placement price represents an 18.5% discount to the last closing price [...]
Westlake Securities, LLC, a middle-market investment bank, announced the completion of a debt and equity placement for Applied Natural Gas Fuels, Inc. Proceeds will be used to refinance existing debt and expand production capacity of the Company’s liquefaction processing plant located in Topock, AZ (on I-40 near the California/Arizona border). The Plant is one of [...]
The Board of Directors of PTT Exploration and Production Public Company Limited on July 20, unanimously approved the issuance and allocation of up to 650 million new ordinary shares. The objectives of the fund raising are to support the Company’s plan to expand its investments worldwide in order to secure new reserves of oil and [...]
Polish Gas Transmission Operator GAZ-SYSTEM said it has obtained all the necessary corporate approvals to raise the share capital of its subsidiary Polskie LNG by the amount of 398 mln PLN. The share capital of Polskie LNG will be raised by 398 thousand new, ordinary registered shares with a nominal value of 1,000 PLN per [...]
Hess Corporation announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairman and CEO, stated, “We believe that the investments we are making [...]
Marathon Oil Corporation announced today a $4.822 billion capital, investment and exploration budget for 2012, approximately 65 percent of which is targeted to the Company’s liquids-rich, growth assets. “Our 2012 capital budget of $4.8 billion highlights our continued focus on the liquids-rich U.S. resource plays that will provide the greatest amount of the Company’s projected [...]
![USA: Chevron Plans to Increase Capital Spending Next Year]()
Chevron Corp , the second-largest U.S. oil company, plans to increase its capital expenditure budget in 2012… (reuters) Source: reuters, October 20, 2011
![Australia: Origin Energy Raises AUD 680 Million Hybrid Capital to Fund APLNG]()
Origin Energy Limited announced the successful pricing and allocation of a €500 million hybrid issue (approximately A$680 million). Standard & Poor’s has confirmed to Origin that the hybrid will receive 100 per cent equity credit and Moody’s has confirmed to Origin that the hybrid will receive 50 per cent equity credit for ratings purposes, [...]
