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Tag: Wintershall
Wintershall DEA

Wintershall, DEA aim to close merger during first half of this year

Posted: February 25, 2019 at 10:48 pm   /   Oil & Gas

Wintershall, DEA merger on track:Wintershall and DEA aim to close their merger during the first half of this year, creating what they claim will be Europe’s largest independent gas and oil producer. The new company will look to increase combined production (in 2017) of 575,000 boe/d by around 40% to 800,000 boe/d between 2021 and […]

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Neptune, DEA submit bids for Edison oil and gas assets – sources

Posted: January 27, 2019 at 12:16 am   /   Oil & Gas

Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]

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Wintershall DEA

LetterOne, BASF merge oil & gas units to create Wintershall DEA

Posted: September 29, 2018 at 12:37 pm   /   Oil & Gas

Chemicals group BASF and LetterOne signed a merger agreement to combine their respective oil and gas businesses Wintershall and DEA to create an independent European oil and gas company, the companies said Sept. 27. The new company called Wintershall DEA will be headquartered in Kassel and Hamburg and will seek to list itself through an […]

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New DEA CEO: “Adapt and adjust”

Posted: January 7, 2018 at 2:00 pm   /   Oil & Gas

Maria Moraeus Hanssen announces a time for change on her first day as CEO and Chairman of the Board of Management of DEA Deutsche Erdoel AG. “I am starting at DEA in a very interesting time for the company and for the business as a whole. My main task going forward will be to make […]

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New CEO takes over at DEA amid Wintershall merger talks

Posted: January 7, 2018 at 1:55 pm   /   Oil & Gas

Maria Moræus Hanssen has started as the new chief executive officer of DEA Deutsche Erdoel AG, an oil and gas company based in Germany and owned by LetterOne. Following her appointment in September 2017, Maria Moræus Hanssen on Thursday, January 4 succeeded Thomas Rappuhn who spent eight years as DEA CEO. On her first day […]

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Former BP boss Browne back with what he knows best: oil mega-mergers

Posted: December 13, 2017 at 7:23 pm   /   Oil & Gas

For Lord John Browne, the former chief of oil major BP, it feels like time has been rolled back 20 years and he is busy doing mega-mergers again. Browne, who led BP’s transformational acquisitions of Arco and Amoco in the 1990s, has helped with the merger of DEA, a vehicle of Russian billionaire Mikhail Fridman, […]

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BASF and DEA agree on multibillion oil & gas merger to spur expansion

Posted: December 9, 2017 at 2:38 pm   /   Oil & Gas

Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said. Fridman and his partners in the LetterOne investment vehicle made billions by selling their Russian oil empire in […]

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