Wintershall Dea of Germany saw losses widen to more than £1billion in 2020 as Covid-19 brought down commodity prices.
Private-equity backed Neptune Energy will buy interests in several German oil and gas fields from Wintershall Dea.
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.
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.
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.
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 as the norm once the Covid-19 pandemic is over.
Sonatrach has begun using its R-OB1 oil pipeline, rehabilitating a previous link dating from 1959.
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.
Wintershall Dea has made an oil discovery at the Bergknapp prospect in the Norwegian Sea, close to the Maria field.
Wintershall Dea has achieved first gas at the Sillimanite field, a development stretching across the UK and Dutch sectors of the North Sea.
There were six exploration wells active offshore Norway as of December 30. One well was completed, and three were spudded in December.
Hague and London Oil (Halo) has moved a step closer to completing its acquisition of stakes in a southern North Sea project after receiving UK regulatory approval.
Equity capital markets bankers won’t be sad to close the door on a miserable 2019 in Europe. Though some of the elements that made for a volatile environment for initial public offerings are still in play, there is reason to hope 2020 will bring fairer weather.
Wintershall Dea will sell its 5% interest in the Nyhamna terminal to CapeOmega and its 13.3% interest in the Polarled pipeline to Solveig Gas Norway.
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
Neptune Energy will acquire interests in a number of oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
BASF and LetterOne have agreed to hire Paul Smith as future chief financial officer of Wintershall DEA.
German oil firms Wintershall and Dea confirmed they will merge today after signing a 'definitive transaction agreement'.