Latest News

€5.1 billion sale of RWE Dea completed

The LetterOne Group and RWE AG today completed RWE's sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. The agreed enterprise value is approximately €5.1 billion based on current exchange rates. Due to ... Monday, March 2, 2015

RWE Dea increases production volumes and plans further exploration in Egypt

RWE Dea doubled its oil and gas production in Egypt. North Africa is a strategic core region for Dea. The company is one of the leading foreign investors in Egypt and produces oil and gas in the country for 30 years by now. RWE Dea is presenting applied technology highlights and recent projects at t... Wednesday, December 10, 2014

RWE Dea awarded two new concessions in Egypt

In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more than 30 years. Dea will become ... Thursday, September 18, 2014

Sterling Resources announces successful Breagh well A07 fracture stimulation and well test

Sterling Resources Ltd. (TSX-V: SLG) advise that fracture stimulation and production testing of Breagh well A07 have been successfully completed. After several days of flowing the well to clean it up, the well was production tested at a stabilized rate of 32 million standard cubic feet per day (100... Monday, June 16, 2014

RWE Dea Norge completes Titan appraisal well

RWE Dea Norge AS, operator of production licence (PL)420, is completing drilling operations on appraisal well 35/9-11-S and sidetrack 35/9-11-A on the Titan discovery, 16 kilometres west of the Gjøa Field in the North Sea. The purpose of the well was to delineate the Titan discovery towards ... Wednesday, May 28, 2014

Petrofac awarded US$970m Reggane North Development Project

Petrofac, the international oil and gas services provider, has been awarded a 36 months, of execution, contract worth more than US$970 million for the gas gathering, treatment and export facilities package (EPCCS1) of the Reggane North Development Project (Reggane) located in the Reggane basin of th... Friday, May 16, 2014

Croatia pins hopes on Adriatic offshore riches

The government of Croatia has dared to move into dire straits by welcoming foreign investors to bid for concessions in its offshore zone in the Adriatic Sea. Taken at face value, the proposal is logical, essential and conducive to the inherent interests of this Balkan state struggling for the last ... Tuesday, May 13, 2014

Ukraine wants to buy European gas to boost energy security

Ukraine hopes to buy gas from Europe to shore up its energy security, fearful Russia will cut gas supplies over Kiev's refusal to pay Moscow's "political, uneconomic price" for supplies, its energy minister said on Friday. Yuri Prodan told parliament the European Union would stand... Friday, April 11, 2014

Oil & Gas M&A reaches US$33.4 billion in Q1 2014

The recent absence of major Chinese involvement and eroding profitability in the oil and gas industry has led to M&A reaching just $33.4 billion in Q1 2014, 28% lower than the average quarterly M&A spend over the past three years. The lower M&A value is also mirrored in the deal count of 205 deals d... Thursday, April 3, 2014

Berlin will not block deals with Russia by DEA and Wintershall

The German government will not object to the sale of utility RWE's oil and gas production arm DEA to investors led by Russian tycoon Mikhail Fridman, a deputy minister said on Wednesday after some politicians had questioned the deal. Critics of the sale argue against increasing German dependenc... Wednesday, April 2, 2014

German Economy Minister says no alternative to Russian gas

German Economy Minister Sigmar Gabriel said there was "no sensible alternative" to Russian natural gas imports and it was unlikely Russia would stop deliveries because of the crisis over Ukraine, a German daily reported on Friday. "Even in the darkest hours of the Cold War Russia res... Friday, March 28, 2014

RWE entered into an agreement to sell RWE Dea

RWE AG and LetterOne Group have today agreed terms for the sale of RWE Dea AG at an enterprise value of some € 5.1 billion and on the major contractual conditions. They will clarify the further details shortly in order to enter into the sale and purchase agreement. The enterprise value includes... Monday, March 17, 2014

RWE Dea continues successful development of gas resources in Egypt

The development of RWE Dea's natural gas project Disouq in the Egyptian Nile Delta is progressing successfully. The company confirmed another positive appraisal of the North West Khilala (NWK) Gas Field with the development well NW Khilala-1- 4. RWE Dea's operated Disouq project encompasses... Thursday, March 13, 2014

RWE Dea Norge commences drilling at Titan (PL420)

RWE Dea Norge commenced drilling a well at production license (PL) 420, to appraise the Titan discovery. Recoverable volumes are estimated at approximately 12 million standard cubic metres oil equivalents. It is the first of two wells to be drilled on PL420 this year. RWE Dea Norge has contracted t... Tuesday, March 4, 2014

RWE posts first net loss in 60 years

The difficult earnings situation in conventional electricity generation in Europe is clearly reflected in RWE AG's financial results for fiscal 2013. For the first time since the Federal Republic of Germany was established, in other words, in more than 60 years, the Essen-based energy provider h... Tuesday, March 4, 2014

Ithaca Energy Inc. Handcross Well result

Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces that the exploration well on the Handcross prospect (204/18b-2A) has been drilled to a total measured depth of 10,120 feet into the Tertiary, Vaila Formation. No hydrocarbons were encountered in the target T36 or T35AA sands. The well is in the p... Wednesday, February 12, 2014

RWE recognises impairments

RWE AG has recognised an additional impairment of about EUR 3.3 billion euros compared to the interim financial statements as of 30 September 2013. About EUR 2.9 billion in impairments are largely attributable to the Conventional Power Generation Segment and owed to the significant deterioration in ... Tuesday, January 28, 2014
Popular Headlines View all
Latest Opinion View all
Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile
OilVoice Training All upcoming


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us

Stay Connected

2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us