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(BASF, 21.Dec.2023) — BASF, LetterOne and Harbour Energy plc (21 Dec. 2023) signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as […]
Tag: Wintershall
Wintershall Dea Reports Important Shallow Water Find Offshore Mexico
(Wintershall Dea, 25.Apr.2023) Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Based on preliminary estimates the discovery may contain […]
Wintershall Dea Confirms It Will Leave Russia
(Wintershall Dea, 17.Jan.2023) — The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia. As a consequence, Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Highlights: Wintershall Dea to deconsolidate Russian segment from financial […]
Wintershall Dea to Exit Russia
(Energy Analytics Institute, 17.Jan.2023) — Wintershall Dea will exit Russia. Wintershall Dea’s supervisory board approved a principle decision by the management board. As a consequence, Wintershall Dea intends to fully leave Russia in an orderly manner complying with all applicable laws and regulations, the company announced 17 Jan.uary2023 on LinkedIn. […]
Wintershall Dea Awarded Seven New Licences in APA 2021 Round in Norway
(Wintershall Dea, 18.Jan.2022) — Wintershall Dea has been awarded seven exploration licenses in the annual Awards in Predefined Areas (APA) round in Norway, including four as operator. The new awards strengthen Europe’s leading independent gas and oil company’s position on the Norwegian Continental Shelf. “We value the stable APA licensing […]
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 […]
DEA To Buy Mexico’s Sierra Oil & Gas And Stake In Zama Discovery
(DEA Deutsche Erdoel AG, 4.Dec.2018) — DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, a leading independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, including the world class Zama discovery. The transaction […]
Macri’s Reverse Unnerves Shale Investors
(Financial Times, Benedict Mander, 25.Jun.2018) – The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the world’s largest deposits of shale oil and gas. In his drive to liberalise Argentina’s energy markets, President Mauricio Macri […]
Vaca Muerta Megaproject – A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) — Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story —which is why we collectively need to put a stop to this if we are serious about restricting […]