Two IPOs prepare to launch; Norway looks to restructure energy sector with Statoil sale (initial public offering)

Article Abstract:

The Norwegian government has announced plans to restructure the state-owned oil company Statoil A/S launching an initial public offering valued between 145 and 166 billion kroners.

Norway, Economic policy, Natural gas, Gas industry, Statoil ASA

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Total discloses intent to sell stake in Sanofi

Article Abstract:

French oil company Total S.A. plans to sell its stake in the Sanofi-Aventis pharmaceutial company that is soon to be formed from the merger of Sanofi S.A. and Aventis S.A. Given that Total is enjoying high profits and a comfortable financial position, the company will return the earnings from such a sale to shareholders.

Acquisitions & mergers, Sales, profits & dividends, France, Management dynamics, Pharmaceutical preparations, Management, Pharmaceutical industry, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Company sales and earnings, Sanofi S.A., Company earnings/profit, Company business management, Aventis S.A., TOTAL S.A., AVE, TOT, Costaigne, Robert

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BP earnings soared in 3rd quarter

Article Abstract:

British Petroleum Company PLC has seen its net income nearly double in the third quarter. Nevertheless, it has warned that the earnings will be offset by higher oil-field costs connected with its energy exploration and production projects. Unfortunately, given the scant supply of crude oil to meet the current demands of the global economy, oil companies like British Petroleum will not necessarily be initiating new production projects, but will instead be directing their earnings into the high cost of maintaining their current sites.

United Kingdom, Market information - general, Production management, Commodity & service prices, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Petroleum & Energy Products, Finance, Prices and rates, British Petroleum Company PLC, Supply and demand, Company financing, Company pricing policy

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