(Siemens, 16.Jul.2020) — Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during the global pandemic and beyond. The company’s Managing Board has now approved implementation of a corresponding model. The aim is to enable employees worldwide to […]
Tag: Germany
US Senators Expected To Sanction Nord Stream 2
(Reuters, 29.May.2020) — Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying to finish, but which Washington has opposed since the Obama era, a source familiar with the matter said on Friday. The sanctions, which would have […]
LAC On Brink Of Massive Solar Power Growth
(IRENA, 12.Nov.2019) — Latin America and the Caribbean could grow their installed solar capacity by a factor of 40 by 2050, a new report by the International Renewable Energy Agency (IRENA) shows. Annual investments exceeding seven billion would see the region’s solar PV capacity rise from 7 gigawatts (GW) today, […]
Wintershall Dea And ConocoPhillips Team Up In The Prolific Neuquén Basin
(Wintershall, 25.Jul.2019) — ConocoPhillips is a new partner in the Aguada Federal and Bandurria Norte blocks with Wintershall Dea. The two companies will advance the development of the significant Vaca Muerta shale resources in the blocks. Wintershall Dea is pleased to announce that it has signed a Sales and Purchase […]
European Elections: Finally Becoming More Courageous About Climate Protection
(Wintershall, 6.Jun.2019) — The results of the European elections show that German voters are primarily interested in one issue: climate protection. Hugo Dijkgraaf, the member of the Wintershall Dea Executive Board and Chief Technology Officer, said at the BDEW Congress in Berlin: “If we’re seriously interested in achieving our climate […]
BASF And LetterOne Finalize Merger Of Wintershall And DEA
(LetterOne, 1.May.2019) — LetterOne and BASF today announced the completion of the merger of their oil and gas businesses to create Wintershall Dea, the largest independent exploration and production company in Europe. All necessary regulatory approvals were received from nine countries, including Germany, Norway, the United Kingdom and Russia. Highlights: […]
Wintershall Expands Portfolio In Argentina
(WorldOil, 17.Apr.2019) — Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects […]
Wintershall Says Low Costs Will Boost Profits After Merger With DEA
(Reuters, Vera Eckert, 21.Mar.2019) — BASF’s oil and gas subsidiary Wintershall will boost profitability after its planned merger with rival DEA, drawing on cost cuts from the move, an expansion of proven reserves and increased output, its chief executive said on Thursday. “We have cheap production and development costs and […]
Germany’s Wintershall Says Focusing On Brazil Offshore Oil Among Other Regions
(Reuters, 21.Mar.2019) — BASF’s oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018. “It is part of our growth course that we are also active in new regions, and Brazil […]
Change Of Managing Director At Wintershall EnergĂa
(Wintershall, 25.Feb.2019) — A new Managing Director in Argentina is expected to be appointed after the closing of the upcoming merger between Wintershall and DEA Deutsche Erdöl AG Change of Managing Director at Wintershall in Argentina After 29 years in Wintershall, having held various positions in Wintershall Holding and Wintershall […]
Sierra Oil & Gas Announces Deal With Germany’s Deutsche Erdoel AG
(Sierra Oil & Gas, 4.Dec.2018) — Sierra Oil & Gas signed an agreement that will result in Sierra’s business being integrated with Deutsche Erdoel AG (DEA AG), an international independent exploration and production company headquartered in Germany. “We are very pleased to have secured an experienced and well capitalized industrial […]
German Energy Firm To Launch IPO In Jamaica
(Jamaica Gleaner, Neville Graham, 14.Nov.2018) — A foreign investor in Jamaica’s largest solar farm under construction in Westmoreland will be floating shares on the Jamaica Stock Exchange, via an initial public offering likely by month-end, as part of a regional plan to raise US$200 million in capital. But the German […]
Bolivian, German Companies Form JV Entity to Produce Lithium-ion Batteries
(Energy Analytics Institute, Ian Silverman, 4.Oct.2018) — Yacimientos del Litio Bolivianos (YLB), a Bolivian company, and ACI Systems of Germany signed a deal for the constitution of a joint venture entity between both companies. The entity will be oriented to the industrialization and production of large-scale lithium-ion batteries using resources […]
Methane Fears Cloud Argentina’s Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) — Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
How Venezuela Gets Plundered
(DW.com, Andreas Knobloch, 6.Aug.2018) – A money-laundering scandal involving Venezuela’s state oil company PDVSA could turn into a problem for a Swiss bank. A German banker recently affiliated with the lender has been arrested in Miami. When it comes to the causes behind the severe economic and supply crisis in […]
Venezuela’s Inflation to Reach 1 Million Percent
(Bloomberg, Andrew Rosati, 23.Jul.2018) – Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday. The crisis is comparable to that of Germany in 1923 or […]
G20 Energy Heads Gather in Argentina
(Xinhua, 14.Jun.2018) – Energy ministers from G20 countries met here on Thursday to discuss transitioning to renewable energy and other alternative green energy. The gathering in Argentina’s southwestern city of Bariloche is part of the fourth ministerial meeting of the G20 group of developed and emerging economies, which Argentina currently […]
Total, Siemens Hope to Sign Cuban LNG Deal Soon
(Reuters, Marc Frank, 30.Apr.2018) — French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks. The two are leading a […]