Denmark’s Project Greensand CCS completes pilot phase
A world first pilot project in Denmark has proven the feasibility of safely storing captured carbon dioxide (CO2) deep beneath the North Sea seabed.
Wintershall Dea
North Sea operator Harbour Energy completes buyout of German rival Wintershall DEA
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
Harbour bumps up Wintershall purchase completion to September
UK oil and gas company Harbour Energy (LON: HBR) expects to complete the acquisition of German firm Wintershall Dea’s asset portfolio in early September.
Harbour reports $1.21bn in earnings for first half of 2024
Harbour Energy (LON: HBR) has revealed earnings of $1.2 billion in the first half of 2024 as it progresses with its Wintershall Dea acquisition takeover.
Synergia starts hunt for Medway Hub Camelot CCS partner
Synergia Energy (AIM: SYN) has begun the farm-out process concerning its Medway Hub Camelot carbon capture and storage (CCS) project in the UK.
Wintershall aims to appoint new leadership following Harbour takeover
Following government approval of Harbour Energy’s $11.2bn takeover of Wintershall Dea, the German energy firm looks to appoint a new chairman.
Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
Russia’s Gazprom plans sale of UK North Sea business
Gazprom, the Russia state-owned energy firm, has announced plans to sell off its UK North Sea business.
After ‘difficult year’ Wintershall Dea looks to Harbour deal, CCS progress
Wintershall Dea saw profits fall while production remained steady, in a year of ‘macroeconomic headwinds’.
‘Buyer’s market’: Several North Sea ‘deals to watch’ as general election looms
There are several “deals to watch” in the UK North Sea in 2024 as a general election looms and companies reshuffle their positions.
Harbour Energy mega-deal for Wintershall DEA threatened by German unrest
A concession will likely need to be made to get the $11.2bn asset deal through, says Munich-based expert
Harbour confident in Wintershall Dea deal despite sanction concern
Harbour will emerge with “stronger credit, we expect to reach investment grade credit on completion, which will give us access to lower-cost capital for future growth”.
Harbour Energy – Wintershall DEA deal creates ‘challenger’ to Aker BP
Harbour Energy (LON: HBR) shares have jumped after announcing an $11.2bn mega-deal for Wintershall DEA - in a pivot away from the UK sector.
Harbour Energy to buy Wintershall DEA in $11.2bn deal
North Sea giant Harbour Energy (LON: HBR) has unveiled an $11.2bn deal to buy German oil and gas firm Wintershall DEA.
Russia enforces sale of OMV, Wintershall assets
OMV noted the presidential decree but said that it had written down the value of its Russian assets. As such, it expects no further impact as a result of the move.
Update: ADNOC, Harbour said to mull acquisition of BASF’s Wintershall Dea unit
ADNOC and UK-listed Harbour Energy are both reported to be considering a deal for BASF's Wintershall Dea business.
Wintershall Dea acquires 10% stake in UK ’Poseidon’ CCS project
Wintershall Dea has acquired a 10% stake in the Poseidon CCS project, making it the second CCS project it has a hand in within the UK
Wintershall Dea takes Ghasha charge
Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Norway approves 19 new oil and gas projects worth around £14.62 bn
Norway has approved 19 new oil and gas projects in its waters, with total investment topping NOK 200 billion (£14.62 bn), according to the Ministry of Petroleum and Energy.
Wintershall pinpoints Mexico for diversified E&P growth
Speaking this morning at a media roundtable, Wintershall CEO Mario Mehren said the company was focused on two strategic priorities. “Diversification, through moderate growth for our E&P business. And decarbonisation, by building up our carbon management and hydrogen business.”
Four firms awarded CO2 storage exploration licences off Norway
Four companies have been offered exploration licences for CO2 storage in two areas of the Norwegian North Sea.
Crown Prince inaugurates first CO2 shipment at Denmark’s Greensand CCS scheme
‘Big moment’ hailed as Danish CCS project injects CO2 from an Ineos chemicals site in Belgium – marking the first major cross-border transport and storage of emissions in Europe.
Pilot injection at Denmark’s Greensand to begin in early March
Permits from the Danish Energy Agency (DEA) will enable initial CO2 injection to begin at Wintershall Dea and INEOS’ Greensand carbon storage scheme in a matter of weeks.
Equinor and partners find new gas in Norway
Equinor, alongside partners Wintershall Dea and Petoro, have made a commercial gas discovery of up to 69.2 million barrels of oil equivalent (BOE) in the Norwegian North Sea.
Wintershall Dea takes €5.3 billion hit on Russian exit
Wintershall Dea has announced it will ‘fully exit’ Russia, joining the ranks of energy majors pulling out of the country in the wake of its invasion of Ukraine.