Fitch Ratings: Fitch: Petrobras debt reduction efforts hinge on divestitures .Fitch on Petrobras - Investment reduction plan is not expected to impact production growth as most of decreases are supported by operating efficiencies.
: Petrobras says if it has a good profit result, it will pay dividends again; if it doesn't improve results, it won't . Petrobras says oil production in 2017 will be lower than in 2016, but will pick up toward 2020, 2021 to be close to previous goal .Petrobras says did not include possible legal settlement over corruption cases in U.S. in new five-year plan.
Eni Chief Executive Claudio Descalzi says: equity production in Libya remains over 300,000 barrels per day . reiterates Kashagan production to start in October, sees ramp up over 4-6 months to peak production at 370,000 boed Further company coverage: [ENI.MI] (Reporting by Milan newsroom).
Oando Plc : Says execution of definitive agreement with Helios Investment Partners LLP to acquire 49% of voting rights in Co’s Oando Gas And Power Limited (OGP) . Says agreed transaction consideration of $115.8 million . Says upon completion, Oando will retain 49% of voting rights in OGP, residual 2% will be held by local entity Source : http://bit.ly/2cJGFzC Further company coverage: [OANDO.LG] (Bangalore.email@example.com).
Santos Ltd : Appointment of CFO . Appointment of Anthony Neilson as its new chief financial officer . Andrew Seaton, who recently announced his retirement from Santos, will remain with the company to ensure an orderly transition .
Statoil Asa : Statoil and Antero Resources Corporation have completed their previously announced transaction, whereby Statoil has sold some of its non-operated interests in the U.S. state of West Virginia to Antero. . The transaction covers approximately 11,500 net acres with an average working interest of approximately 19% across Wetzel, Tyler and Doddridge Counties. . In the Marcellus Statoil retains its operated properties in the US state of Ohio and its c. 350,000 net acre non-operated position. Further company coverage: [STL.OL] (Reporting By Camilla Knudsen) ((firstname.lastname@example.org;)).