BERGEN, Norway, April 14 (Reuters) – Behind the scenes
competition between energy projects is hotting up at Statoil
, adding another layer of savings as it cuts costs to
deliver more value to shareholders, a senior executive said.
Norway’s energy giant was the first among its peers to
promise specific cost cuts as the oil and gas industry goes into
a new phase of protecting margins.
LONDON (Reuters) – Investors in EADS and BAE Systems are increasingly frustrated at the political wrangling over their proposed, $45-billion merger, concerned they are being frozen out of the decision-making and are unable to run their numbers.
Since news leaked out about talks between EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) and BAE (BAES.L: Quote, Profile, Research, Stock Buzz) last month, fund managers say they have been given very little information about the merger and are still scratching their heads as to its value.