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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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