Wintershall Dea CEO Mehren: “The War Marks a Fundamental Turning Point”
SPECIAL MEDIA CALL AND Q1 2022 RESULTS: In a special media call, Wintershall Dea CEO Mario Mehren has described the Russian war of aggression against Ukraine as “a fundamental turning point for Wintershall Dea.” Days into the war, Wintershall Dea announced the impairment of Nord Stream 2 financing, stopped payments into Russia and said a […]
Wintershall Dea writes off financing of Nord Stream 2
No additional projects in Russia will be advanced or implemented. Payment transactions already stopped. Critical infrastructure will continue to be operated. Joint statement from Works Council and Executive Board. Wintershall Dea AG’s Management Board has decided not to advance or implement any additional gas and oil production projects in Russia and to write off its […]
Wintershall Dea sees output rise from new production coming online in Egypt, Russia
Q2 2021 Results: Strong financial performance and continued progress on our strategic priorities. Wintershall Dea, Europe’s leading independent gas and oil company, today reported its second quarter 2021 results. Mario Mehren, Wintershall Dea Chairman & CEO, commented: “Q2 proved to be an excellent quarter for Wintershall Dea. Our strong operational and financial performance allowed us to […]
FT: Geopolitics cloud prospects for East Mediterranean gas finds
Fields are attractively close to Europe but political risks make development complex. When gas started flowing from the Zohr field last month it was an important step in Egypt’s drive for energy independence and signified that the eastern Mediterranean was finally establishing itself as a force in gas production. Claudio Descalzi, chief executive of Eni, the […]
Rosneft to supply Egypt with 10 LNG cargoes in 2017
A trading unit of top Russian oil producer Rosneft has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company EGAS this year. The first delivery by Rosneft Trading SA (RTSA) is expected in May, Rosneft said. “This agreement will help to further strengthen the strategic partnership […]
Oil Minister pitches investment opportunities to Russia’s Zarubezhneft
Oil Minister Tarek El Molla pitched E&P investments in Egypt to a delegation from Russian state-owned energy company Zarubezhneft at a sitdown on Wednesday, Al Borsa reports. It was agreed that future meetings will take place to outline potential opportunities. The company operates in Vietnam, Cuba, Croatia and Jordan among others. (Source: Enterprise.press)