Search results for: billion

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  • 27 April 2012

    Chevron Corporation today reported earnings of $6.5 billion for the first quarter 2012, compared with $6.2 billion in the 2011 first quarter. Sales and other operating revenues in the first quarter 2012 were $59 billion, compared to $58 billion in the year-ago period. “In the first quarter, we continued to post strong earnings and healthy […]

  • 2 September 2015

    LNG player BG said that the $70 billion takeover offer for the company to be made by oil and gas giant Shell has received unconditional merger clearance from the European Commission. The approval is one of the five regulatory clearances that are pre-conditions to the combination and this is the second pre-condition to be satisfied, […]

  • 15 August 2013

    A troubled Brazilian oil and gas company OGX, owned by once a billionaire Eike Batista, has reported a massive quarterly net loss of R$4.7 billion (around USD 2 billion). The results were impacted by expenses of R$3.6 billion (around USD 1.54 billion) related to the impairment of the investments carried out in Tubarão Azul, Tubarão Tigre, Tubarão […]

  • 6 June 2014

    On June 5, Igor Sechin, President and Chairman of the Management Board, Rosneft took part in a session of a roundtable on efficient and safe development of the Arctic in St. Petersburg. The roundtable involves researchers and business community representatives and is led by Russian President Vladimir Putin. The session focused on scientific support for […]

  • 25 August 2010

    British-based Tullow Oil says it now has 1 Billion barrels of oil to tap in Uganda after further exploration success. Following results from the Mypo 1 well which discovered a new oil field, Tullow says it now has discovered resources in Uganda totalling 1 Bn bbl.

  • 27 November 2014

    Nigerian parliament has brought a proposal under which oil company Shell should pay $3.96 billion for an offshore oil spill that occurred at Shell’s Bonga field in December 2011. According to Reuters, the parliament’s decision is non-binding and is only a suggestion for the government, which has the power to enforce it. The spill at the […]

  • 4 November 2016

    Brazilian oil company Petrobras, considered world’s most heavily indebted oil major, might be in for a treat. Namely, news agency Reuters has reported that the Brazilian government might pay Petrobras some $20 billion for offshore areas in Brazil that have lost value since the oil prices fell. According to Reuters, Petrobras paid more than $50 […]

  • 17 February 2011

      About six billion dollars will be invested in construction of new gas pipelines and gas compressors over the next two years, managing director of the Iranian Gas Engineering and Development Company (IGEDC), Mr. Gharibi announced here. According to the report of the public relations of the NIGC, he said that 2.7 thousand kilometers of […]

  • 12 January 2012
    Business & Finance

    Hess Corporation, with headquarters in New York 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 […]

  • 28 March 2012

    At today’s press conference held in Frankfurt chief executive officer of KfW, German development lender, Ulrich Schroeder, stated that KfW is considering the manners in which the production of renewable energy in Germany could be expanded, reported Bloomberg. He stated that there is a „room for manoeuvre“ since there is 5 billion-euro ($6.68 billion) financing […]

  • 26 March 2010

    Spending on developing the ports of Szczecin and the Gdańsk-Gdynia-Sopot conurbation will reach as much as zł.2.5 billion by 2015. [mappress] Source:Rzeczpospolita,March 26,2010;

  • 25 November 2015

    French oil and gas company Total is raising approximately $1.2 billion of new debt financing. The company said the new debt financing would be raised through a structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options to hedge Total’s exposure to the exercise of the conversion rights under […]

  • 2 June 2014
    Business & Finance

    Research underway at the Australian Maritime College could help save billions of dollars in port infrastructure, dredging and transhipping costs. Traditional transhipment involves an export vessel, such as a Capesize bulk carrier, mooring as close to the mining operation as its draught allows and being loaded by smaller feeder vessels. This project looks at using a […]

  • 24 July 2014
    Business & Finance, Project & Tenders

    Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adjusted net income at current cost […]

  • 28 March 2012

    At today’s press conference held in Frankfurt chief executive officer of KfW, German development lender, Ulrich Schroeder, stated that KfW is considering the manners in which the production of renewable energy in Germany could be expanded, reported Bloomberg. He stated that there is a „room for manoeuvre“ since there is 5 billion-euro ($6.68 billion) financing […]

  • 10 December 2012
    Business & Finance

    ConocoPhillips has 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, […]

  • 24 July 2019
    Business & Finance

    The development, construction and 25-year lifetime operation of Scotland’s largest offshore wind farm, Beatrice, is expected to generate GBP 2.4 billion of value for the UK economy, a new analysis has found. The 84 turbine, 588MW Beatrice offshore wind farm – the fourth largest offshore wind farm in the world – was completed last month, […]

  • 1 September 2015
    Business & Finance, Exploration & Production

    Singapore’s Sembcorp Marine has won a $1 billion contract from Maersk Oil to build offshore facilities for the Monday-approved Culzean field in the UK North Sea. Under the agreement SMOE Pte Ltd, a Sembcorp Marine subsidiary, will build the Central Processing Facility plus 2 connecting bridges, Wellhead Platform and Utilities & Living Quarters Platform Topsides for […]

  • 24 February 2014

    Italy’s Saipem has won new Engineering & Construction offshore contracts in Indonesia and in the Republic of Congo

  • 7 February 2014

    Statoil’s fourth quarter and preliminary 2013 results and capital markets update Statoil’s  fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today’s Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than USD 5 billion from 2014-16 compared to previous plans. […]

  • 12 April 2007

    For the next three years, Statoil will invest NOK 1 billion in environmental technology at the Mongstad refinery north of Bergen. “This will make the entire refinery more robust,” says Bjørn Kåre Viken, vice president for Statoil Mongstad.

  • 11 September 2017

    Cheniere Energy Partners, a limited partnership formed by the US LNG export player Cheniere, intends to offer $1 billion principal amount of senior secured notes due 2025. The partnership intends to use the net proceeds from the offering to prepay a portion of the outstanding term loan indebtedness under its credit facilities. The notes will be […]