OKEA buys in as Wintershall exits Brage field
Norwegian late-life specialist OKEA will buy Wintershall Dea’s stakes in a trio of Norwegian fields, including operatorship of the Brage field, 76 miles west of Bergen.
Wintershall Dea
Wintershall bulks up in Algeria amid long-term plans
Wintershall Dea is increasing its stake in the Reggane Nord project, in Algeria, with the German company talking of long-term growth.
Wilhelmshaven takes centre stage for LNG imports and more
Germany has officially launched construction of an LNG terminal at Wilhelmshaven, while signing up preliminary agreements for four FSRUs.
Wintershall DEA writes off €1bn Nord Stream 2 finance
Wintershall DEA says it will not “advance or implement” any oil and gas projects in Russia, and will write off its €1 billion (£830 million) financing of Nord Stream 2.
OMV steps back from Russian plans, while Wintershall considers options
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
BP and other North Sea players keeping tabs on UK sanctions against Russia
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
Who won what? Norway dishes out 53 licences in oil and gas exploration round
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
Norwegian oil and gas sector tipped for ‘record number’ of FIDs in 2022
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
Ineos and Wintershall DEA move ahead with Greensand CCS pilot project
Ineos and Wintershall DEA have decided to move ahead with the Greensand CCS pilot project in Denmark.
Norway records seven commercial discoveries in year to date
Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.
Gazprom plans Libya production boost following restart
Gazprom EP International has restarted production in Libya, where it works with Wintershall Dea.
Neptune Energy working with Rothschild as it studies IPO
Neptune Energy, the oil and gas explorer backed by Carlyle Group and CVC Capital Partners, is working with financial adviser Rothschild & Co. to explore potential options including an IPO, according to people familiar with the matter.
200 jobs at risk on Seadrill rig after contract termination – union
Around 200 jobs are at risk on a Seadrill North Sea rig after a spate of safety incidents saw its contract terminated, a union has said.
BP launches Raven field
BP has started up gas production at the Raven field, offshore Egypt.
From the ‘Blue Toon’ to COO of Europe’s largest independent oil and gas firm
Thinking back to her early days as an engineer from Peterhead, Dawn Summers feels a “heavy obligation” to help bolster diversity and inclusion in oil and gas, particularly with young women.
One in three success rate for Norwegian explorers so far in 2021
Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.
Wintershall Dea losses top £1billion as Covid cuts oil and gas prices
Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
Neptune strikes deal with Wintershall Dea for German oil and gas fields
Private-equity backed Neptune Energy will buy interests in several German oil and gas fields from Wintershall Dea.
Digitalisation event to focus on people over technology
Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.
Chrysaor-Premier Oil deal could be ‘harbinger of things to come’
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit.
‘We don’t want to bury the past’ – Wintershall Dea publishes book outlining history under Nazi rule
The insidious nature of National Socialism in Germany between 1933 and 1945 meant its impact was felt across society, from the dinner table to the boardroom.
Wintershall Noordzee develops third Sillimanite well
Netherlands-based Wintershall Noordzee has completed the third development well at the Sillimanite field in the southern North Sea.
Wintershall DEA will ‘rely’ on remote working post-pandemic
Wintershall DEA will “rely” on remote working as the norm once the Covid-19 pandemic is over.
Sonatrach replaces OB1 pipeline
Sonatrach has begun using its R-OB1 oil pipeline, rehabilitating a previous link dating from 1959.
Wintershall Noordzee overcomes Covid to tap new southern North Sea well
Russo-German firm Wintershall Noordzee has overcome Covid-19 to start production from a second well at the Sillimanite gas field in the southern North Sea.