Petrobras to Gain $11 Bln on Sale of Brazil Oil Rights to Statoil
The sale of a stake in Carcara, the giant Brazilian offshore oil prospect, to Norway's Statoil ASA will gain Brazil's state-led oil company Petrobras as much as $11 billion to pay debt or invest in other projects that promise to generate cash more quickly, Petrobras' chief executive said on Tuesday.
Barra to Study Buying Petrobras Asset Sold to Statoil
Brazil's Barra Energia do Brasil Petróleo e Gás, which owns 10 percent of the giant Carcara offshore oil prospect, will study invoking its right of first refusal over Petrobras' sale of its 66 percent stake in the area to Norway's Statoil, a…
Statoil buys Petrobras stake in Brazil oil find
Statoil aims to offset declining output from mature fields. Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.5 billion, a rare deal in an oil industry struggling with low prices. The purchase…
Oil and Gas Pipeline Company Caliber Seeks Sale
Caliber Midstream Partners LP, the owner of an oil and gas pipeline network in North Dakota, is exploring a sale that it hopes could value it at as much as $1 billion, including debt, according to people familiar with the process. Caliber's owners…
First Reserve to Sell 4.25% of Spain's Abengoa
Abengoa shareholder FR Alfajor Holdings, a company that groups stock owned by U.S. private equity firm First Reserve Corp., is placing about 4.25 percent of the Spanish renewable energy firm in the market, bookrunner Citi said. FR Alfajor is…
GE Nears Deal to Sell Fuel Dispenser Unit
General Electric Co is in advanced talks to sell its energy unit that makes fuel dispensers to First Reserve Corp, according to people familiar with the matter, in the latest example of a conglomerate selling an unloved business to a buyout firm.
