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  • [ 25 May 2022 ] SABIC reaffirms commitment to carbon neutrality at World Economic Forum in Davos News
  • [ 25 May 2022 ] Aker Solutions to provide subsea production system for Halten East development Contracts
  • [ 25 May 2022 ] Gas and condensate discoveries to be developed in the Norwegian Sea Oil/Gas
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DEA

Block 7 in the Sureste Basin offshore Mexico
Exploration

Successful Zama appraisal well and production test

16 April 2019 Editor 0

The consortium of offshore Block 7 has successfully carried out a further appraisal well, including production testing. Hydrocarbon flow of well Zama-2 ST1 achieved a rate of 7,900 barrels of oil equivalent per day (boe/d). […]

Wintershall CEO, Mario Mehren (photo: Wintershall/Thomas Niedermueller)
Oil/Gas

Wintershall with record production

25 March 2019 Editor 0

Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year. “In 2018 we set a production record with daily production of up to […]

Block 7 in the Sureste Basin offshore Mexico
Oil/Gas

DEA completes Sierra acquisition

21 March 2019 Editor 0

The acquisition of 100% of the shares of Sierra Oil & Gas by DEA Deutsche Erdoel AG was completed 19 March. With the deal, DEA enhances its presence in Mexico and its long-term commitment to […]

Combining two German-based entities, BASF and LetterOne have agreed to merge their oil and gas businesses, which will operate under the name Wintershall DEA
Mergers

Significant growth planned for Wintershall DEA

22 February 2019 Editor 0

The merger of the longstanding German companies Wintershall and DEA is progressing. So far, the companies have applied for all relevant governmental approvals and aim for closing during the first half of 2019. The merger […]

Wintershall CEO, Mario Mehren (photo: Wintershall/Thomas Niedermueller)
Oil/Gas

Wintershall celebrates 125th anniversary, starts new chapter in the company’s history

13 February 2019 Editor 0

Wintershall was founded exactly 125 years ago, on 13 February 1894. “A proud birthday only few companies get to experience,” says Mario Mehren, Wintershall’s CEO. Wintershall is now Germany’s largest internationally operating crude oil and […]

From left, Sameh Sabry, DEA General Manager in Egypt; Maria Moraeus Hanssen, DEA CEO; Tarek El Molla, Egyptian Petroleum Minister; Abed Ezz El Regal, Chairman EGPC; Osama El Bakly, Chairman EGAS
Exploration

DEA awarded new licence in the Onshore Nile Delta

12 February 2019 Editor 0

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) covers 1,418 square kilometres and is […]

In Egypt, DEA is currently investing about USD 500 million over 3 years (2018-2020) to significantly boost its production in all assets
Oil/Gas

Gas production milestone at DEA’s West Nile Delta project

11 February 2019 Editor 0

DEA and operator BP commenced production from additional two West Nile Delta (WND) gas fields, Giza and Fayoum. Gas is flowing ashore from the recently completed eight wells through new subsea infrastructure and pipelines. The […]

Block 7 in the Sureste Basin offshore Mexico
Mergers

DEA to acquire Sierra Oil & Gas in Mexico

5 December 2018 Editor 0

DEA Deutsche Erdoel AG has signed an agreement to acquire Sierra Oil & Gas, an independent Mexican oil and gas company. Sierra holds interests in a portfolio of six exploration and appraisal blocks in Mexico, […]

Combining two German-based entities, BASF and LetterOne have agreed to merge their oil and gas businesses, which will operate under the name Wintershall DEA
Mergers

BASF and LetterOne sign agreement to merge Wintershall and DEA

28 September 2018 Editor 0

BASF and LetterOne signed a definitive transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading […]

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