Search results for: $1.5 B

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  • 20 December 2013

    Dana Petroleum has secured a new US$1.5 billion credit facility to help finance the future growth of the company. The facility is made up of an initial committed US$1 billion together with a further US$0.5 billion that can be made available in the future for investment opportunities. This facility refinances Dana’s existing US$870 million facility. […]

  • 17 December 2013
    Business & Finance

    Noble Energy, Inc. today announced its 2014 capital program and guidance, and updated certain guidance items for the fourth quarter of 2013. Total capital expenditures are estimated at $4.8 billion for 2014, with investments allocated 70 percent to U.S. Onshore and 30 percent to Global Deepwater activities.  Total sales volumes for 2014 from continuing operations […]

  • 21 May 2015
    Business & Finance

    On May 19, 2015, Brazil’s state-owned company Petrobras has signed a cooperation agreement with the China Development Bank (CDB) for the years 2015 and 2016. Petrobras says that the deal encompasses funding of $3.5 billion already disbursed and announced in April, and an additional disbursement of $1.5 billion, adding up to $5 billion in 2015. […]

  • 30 January 2007

    China’s ship engine maker Hudong Heavy Machinery Co says it will issue new shares to buy shipbuilding assets for 12 billion yuan (US$1.5bil). Analysts said the deal would pave the way for a listing of its state parent. Hudong’s parent, China State Shipbuilding Corp (CSSC), the world’s third largest shipbuilder, was expected to list Hudong […]

  • 15 June 2015
    Business & Finance

    Petrobras has received, through its fully-owned subsidiary Petrobras Global Trading BV – PGT, the sum of $ 1.5 billion related to the loan signed on May 20, 2015, with the China Development Bank (CDB) As informed by the company on May 20, 2015, with this amount, the loan contracted with CDB throughout 2015 totals $ […]

  • 30 May 2014
    Business & Finance

    Total today signed an agreement to sell its 10% interest in the Shah Deniz field and the South Caucasus Pipeline to TPAO, the Turkish state-owned E&P company.

  • 22 February 2017
    Business & Finance

    Malaysia-based oilfield services company SapuraKencana has signed seven-year multi-currency financing facilities of approximately $1.5 billion equivalent with a consortium of Malaysian, regional and international banks to refinance its debts.  The Malaysian company informed on Wednesday that the financing facilities were signed through its wholly-owned subsidiary, SapuraKencana TMC Sdn Bhd (SKTMC). The company noted that the […]

  • 8 December 2016

    Australian oil and gas company Santos is targeting a $1.5 billion debt reduction over the next three years through cost cuts and assets sale as part of a new business strategy that the company revealed on Thursday.  Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos […]

  • 28 July 2017

    Peterson has signed a letter of intent to lease some 1.2 million square feet of rental space in Port Cameron Logistics Center in Louisiana, a project being developed to serve offshore installations in the Gulf of Mexico. The letter of intent which was signed on Thursday follows a consultancy agreement Peterson had signed earlier this […]

  • 13 April 2017

    London-based independent oil & gas company Chrysaor Holdings has secured a $1.5 billion loan facility, which will be used to finance the previously announced deal to buy a package of Shell’s UK North Sea assets for a price of $3 billion.   Chrysaor said on Thursday it has completed the syndication of its Reserves Based […]

  • 16 July 2015
    Business & Finance

    Enterprise Products Partners L.P. has executed definitive agreements to sell its offshore Gulf of Mexico pipelines and services business, which primarily consists of its Offshore Pipelines & Services business segment to Genesis Energy, L.P. for approximately $1.5 billion in cash. The transaction is expected to close during the third quarter of 2015. Enterprise’s offshore assets […]

  • 9 July 2018

    France’s oil major Total is reportedly looking to divest $1.5 billion worth of UK North Sea assets.

  • 28 April 2016
    Exploration & Production

    ConocoPhillips, a US-based exploration and production company, has failed to find hydrocarbons at a well in the U.S. Gulf of Mexico. The company drilled the Melmar exploration well at the Perdido Fold Belt in the deep waters of the Gulf of Mexico, however only managed to encounter non-commercial quantities of oil. The well, located in […]

  • 2 September 2013
    Business & Finance

    Global Ports Investments, of which APM Terminals is a co-controlling shareholder, has announced today it has entered into a binding agreement to acquire 100% of the Moscow-based NCC Group Limited, a Russian terminal operator. The intended acquisition of NCC Group is subject to regulatory approval by relevant authorities. The agreement will strengthen Global Ports’ leading […]

  • 4 March 2014
    Business & Finance

    The PGNiG Group plans to spend around $1.5B in 2014, mostly in the upstream segment and on expansion and upgrade of its gas network. The Polish company has earmarked $622 million ( PLN 1.9bn ) for exploration and production of hydrocarbons from domestic and foreign assets, of which the largest part  ( $295 million – […]

  • 25 August 2015
    Business & Finance

    The total insured loss at Tianjin port, following the two blasts that ripped through the port on August 12th, has been estimated at CNY 5 – 10b (USD 833m – 1.67b), by China’s Central University of Finance and Economics and USD 1.0 – 1.5b by Credit Suisse. Tianjin, the port gateway to Beijing, is a major base for petrochemicals, […]

  • 25 August 2015
    Business & Finance

    The total insured loss at Tianjin port, following the two blasts that ripped through the port on August 12th, has been estimated at CNY 5 – 10b (USD 833m – 1.67b), by China’s Central University of Finance and Economics and USD 1.0 – 1.5b by Credit Suisse. Tianjin, the port gateway to Beijing, is a major base for petrochemicals, […]

  • 3 October 2013
    Business & Finance

    The U.S. Army Corps of Engineers in partnership with The Port Authority of New York and New Jersey are improving the main shipping channels in the Port by deepening them to a depth of 50 feet, allowing more efficient access to the world’s largest oceangoing ships. Deepening the Arthur Kill Channel approaching the New York […]

  • 10 July 2019

    The award represents the single largest EPCI offshore contract awarded by Aramco

  • 28 October 2015
    Business & Finance

    Saipem, the Italy-based oilfield services provider, has revealed its strategic plan for 2016-2019, that the company hopes will make it leaner, more competitive and ready to react to the energy market recovery.  The company feels the oil market could start recovering gradually in 2017. In line with the new strategy, the company has also revealed […]

  • 21 June 2016

    Private equity (PE) firms are preparing to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017, according to an EY global survey of 100 PE firms active in the sector. With US$971.4b of PE dry powder from June […]

  • 3 August 2018

    Serica will take over a 42.25% interest in the Bruce field and a 25% interest in the Keith field and associated infrastructure.