Azerbaijan’s state-controlled oil and gas exploration and production company, SOCAR, has allocated $4 billion for the construction of four new offshore drilling rigs, Bloomberg has reported, quoting Rovnag Abdullayev, the president of SOCAR. According to the news agency, at a meeting in Baku, Abdullayev said that up to fifteen thousand people will participate in the [...]
PT Pertamina (Persero) will invest funds of USD $ 6, 77 billion by 2013 for the realization of major projects the company which is intended for the production improvement and retaining national energy infrastructure. The value of such investments is included in the work plan and corporate budget 2013 is defined in the general meeting [...]
Anadarko Petroleum Corporation today announced its 2012 capital program and guidance, and the highlights of its Investor Conference to be held on March 13, 2012. “Anadarko is off to a great start in 2012 as it continues to build upon the strong operational results of 2011, while positioning the company for value-focused growth into the [...]
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French oil major Total said today it intended to continue to actively manage its asset portfolio with, in particular, a program of non-strategic asset sales. The 2012 budget for organic investments is $24 billion , of which more than 80% will be dedicated to the Upstream. In the Upstream, Total expects in 2012 to implement [...]
U.S. oil & gas exploration and production company, ConocoPhillips, announced a 2012 capital program of $15.5 billion. The 2012 capital program for E&P is $14.0 billion and includes $2.2 billion for worldwide exploration, $0.4 billion of capitalized interest and $0.7 billion for the company’s contributions to the FCCL business venture and loans to other affiliates. [...]
Toronto-listed Orca Exploration’s Tanzanian unit, PanAfrican Energy, plans to invest $130 million to double natural gas output following… Source: Reuters Source: Reuters, November 6, 2011; Image: Orca Exploration
![Santos Allocates USD 126 Million for Three-well Programme Offshore Bangladesh]()
Australian oil and energy firm Santos will begin drilling in the coastal waters off Bangladesh this week to explore hydrocarbon… Reporting by Serajul Quadir (Reuters) Source:Reuters ,September 19, 2011;
![ExxonMobil Allocates USD 1 Million for Tsunami Stricken Japan]()
Exxon Mobil Corporation said today it would donate $1 million to the Japanese Red Cross Society to provide disaster relief assistance in response to the recent earthquake and tsunami in Japan. The company has also implemented a worldwide program to match employee, retiree, dealer and distributor donations to Japanese disaster relief, up to a further [...]
