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Integrated Oil & Gas

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Petrobras working hard to meet $15.1 bln asset-sale goal

Friday, 29 Jul 2016 09:30am EDT

Petroleo Brasilerio SA, or Petrobras, Chief Financial Officer Ivan Monteiro and Exploration and Production chief Solange Guedes spoke to reporters in Sao Paulo about the company's agreement to sell its 66 percent stake in the BM-S-8 offshore block, home to the giant Carcara field, to Norway's Statoil ASA . : Recent Petrobras asset sales an important sign company is moving forward with large plan to sell assets including BR Distribuidora fuels unit and onshore oil fields. . Petrobras says strategy and asset-sale plan is based on generating cash in the near term. . Petrobras CFO Monteiro says sale of Chile, Argentina, and Brazil offshore and petrochemical assets shows company is keeping its promises. . Petrobras exploration and production chief says sale of 66 percent stake in offshore Carcará field to Norway's Statoil will free up cash for investments that will have expected return sooner. . Petrobras says Carcara offshore oil stake sold to Statoil will only bring return to owners in next decade. . Petrobras says Carcara field sold to Statoil will require equipment that is very different than Petrobras' existing subsalt systems and will cost 25 percent to 30 percent more than its standard offshore systems..

Eni sees no reason to change target for asset sales

Friday, 29 Jul 2016 09:01am EDT

Italy's oil major Eni conference call on Q2 results: CFO sees no reason to change disposals target of 7 billion euros in the period up to 2019, of which 5 billion euros in first two years . CFO says some talks on asset sales are "at very advanced stage" . CEO says looking to sell 20-25 percent of Area 4 field in Mozambique, intends to keep operatorship and control . CEO says focusing on improving efficiency at Versalis chemical unit, no talks under way for any sale . CEO says there is no need at present to sell the group's retail gas assets . Executive says expects production at Kashagan to be 230,000 barrels/day end 2016, no shut downs in 2017, production to reach 370,000 barrels mid-2017 Further company coverage: [ENI.MI] (Reporting by Milan newsroom).

Statoil's acquisition of Petrobras licence will not impact dividend policy -CFO

Friday, 29 Jul 2016 05:53am EDT

: Statoil CFO, Hans Jakob Hegge, tells an investor call the newly announced acquisition of Petrobras' offshore licence BM-S-8 in Brazil will not impact the firm's dividend policy Further company coverage: [STL.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).

Statoil's acquisition of Petrobras licence will not impact dividend policy -CFO

Friday, 29 Jul 2016 05:53am EDT

: Statoil CFO, Hans Jakob Hegge, tells an investor call the newly announced acquisition of Petrobras' offshore licence BM-S-8 in Brazil will not impact the firm's dividend policy Further company coverage: [STL.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).

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