Integrated Oil & Gas

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Petroleo Brasileiro Petrobras SA announces details for Petrobras Distribuidora

Tuesday, 18 Aug 2015 08:12am EDT

Petroleo Brasileiro Petrobras SA:Says that Board of Directors held on Aug. 6, resolved on the IPO of Petrobras Distribuidora (BR).The recommendation that BR submit a request to the CVM for registration as a category "A" publicly-held company and submit an application to the BM&FBOVESPA for the trading of securities on the Novo Mercado segment.Approval, as offeror, of the request to register the public offering of the secondary distribution of shares issued by BR, corresponding to 25 pct of its capital stock.Application for the option to distribute a supplementary lot (Green Shoe) and an additional lot (Hot Issue), within the context of the public offering.

Statoil to consolidate operations in Norwegian, Barents Seas-Reuters

Thursday, 25 Jun 2015 06:33am EDT

Statoil ASA:To reorganize management structure by consolidating its operations in the Norwegian and the Barents Seas into one business cluster, Operations North-Reuters.Aim is to drive down costs.Did not disclose how much it could save by the consolidation.

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