BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in ...
Tags: BASF, Gazprom, natural gas
BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...
Tags: targeted oil, gas-rich regions, Construction
BASF Group company Wintershall is continuing its growth course in Norway. By acquiring shares in the production fields Gjøa (5%) and Vega (24.5%), Wintershall is increasing its production in Norway from about 40,000 barrels of oil ...
Tags: Statoil, Wintershall, Construction
BASF Group company Wintershall is further expanding its oil and gas production and reserves in the North Sea. Wintershall will acquire shares in the two producing fields Gjøa (5%) and Vega (24.5%), the development project Aasta ...
Tags: BASF, oil, gas production
German chemical giant BASF plans to intensify its deep cooperation with Russia's Gazprom in Europe and internationally, the company's chief executive Kurt Bock said Friday. "Russia is important, very important for us," Bock said at BASF's ...
Norway's Statoil on Friday postponed its 2020 output guidance of 2.5 million barrels/day of oil equivalent by up to four years, as it reported a fall in fourth quarter output and an 8% cut in planned investment to $20 billion/year for the ...
Tags: Norway's Statoil, Mineral
Today (January 7, 2014), Ing. Guillermo Coco, President of Gas y Petróleo del Neuquén S.A., Martin Bachmann, Member of the Board of Executive Directors of Wintershall Holding GmbH and responsible for Exploration & Production ...
Tags: Gas y Petróleo del Neuquén, Wintershall, Aguada Federal
Alexey Miller, Chairman of the Gazprom Management Committee and Harald Schwager, Member of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Holding signed today at the Gazprom headquarters a Master ...
Tags: Alexey Miller, Gazprom, Harald Schwager, Master Agreement, Wintershall
BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The ...
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, ...
A group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea. Statoil is the operator of the project. At the request of the Norwegian Ministry of Petroleum and ...
Tags: Metallurgy, Mineral, Energy, oil, gas
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-18, cf. Section 8 of the Resource Management Regulations. Well 16/1-18 will be drilled from the Island Innovator drilling facility at ...
Tags: drilling permit, well 16/1-18, production licence 338, Lundin
The Norwegian Petroleum Directorate has issued VNG Norge AS a drilling permit for well 6406/12-3 S, cf. Section 8 of the Resource Management Regulations. Wellbore 6406/12-3 S will be drilled from the Transocean Arctic drilling facility in ...
Tags: mineral
Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX: VET) (NYSE: VET)is pleased to announce that it has entered into a definitive purchase and sale agreement with GDF SUEZ E&P Deutschland GmbH ("GDF SUEZ") whereby Vermilion, through its ...
Tags: Vermilion Energy
Norway's Statoil Thursday reported first-quarter output of 1.998 million b/d of oil equivalent, down 9% year-on-year, which, coupled with lower prices, cut net profit by more than half. However, CEO Helge Lund said in the results ...
Tags: Statoil, CFO Torgrim Reitan