Dea

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DEA sets up new organisation in Norway, appoints new Managing Director

After a five-month integration process, DEA has set up a new organisation in Norway. Hans-Hermann Andreae has been appointed Managing Director of DEA Norge. He heads the business in Norway from the new headquarters in Stavanger. The company will continue to pursue its long-term growth strategy on th... Thursday, May 19, 2016

Lundin Petroleum provides update on Neiden exploration well, Barents Sea South

Lundin Petroleum AB announces that its wholly owned subsidiary Lundin Norway AS has successfully drilled a section of the exploration well 7220/6-2 on the Neiden prospect in PL609. Drilling operations on exploration well 7220/6-2 on the Neiden prospect have now been temporarily suspended due to win... Thursday, November 5, 2015

INEOS to purchase North Sea gas assets from DEA

INEOS announced that it has agreed to acquire a strong portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group. INEOS Upstream will acquire gas fields, including the Breagh and Clipper South fields in the Southern North S... Tuesday, October 13, 2015

Lundin Petroleum spuds exploration well 7220/6-2 on the Neiden prospect in the Barents Sea South

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7220/6-2 in PL609. The Neiden prospect is located in the northern part of PL609, some 60 km northeast of the Alta discovery and ... Monday, October 5, 2015


Lundin Petroleum successfully completes Alta appraisal wells

Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS has successfully completed the drilling of appraisal wells 7220/11-3 and 7220/11-3 A on the eastern flank of the Alta discovery in PL609. The Alta discovery is located 10 to 20 km northeast of Lundin Petrol... Wednesday, September 30, 2015

Subsea 7 awarded $500 million BP contract, offshore Egypt

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt's West Nile ... Thursday, July 30, 2015

Norwegian Petroleum Directorate grants drilling permit in PL609 to Lundin Petroleum

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/6-2, cf. Section 8 of the Resource Management Regulations. Well 7220/6-2 will be drilled from the Island Innovator drilling facility in position 72°34'13.13' north and 20°58'19.97' east. The dr... Monday, July 13, 2015

Sterling Resources announces Breagh operations and financial update

Sterling Resources Ltd. (TSX-V: SLG) announces an update to Breagh operations and a financial update. Unless otherwise noted all dollar figures contained in this release are denominated in U.S. dollars. Breagh Operations and Capital Expenditure Production at Breagh in the first half of 2015 was in... Monday, July 6, 2015

Lundin Petroleum completes drilling of Alta appraisal wells in PL609, Barents Sea South

Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the drilling of appraisal well 7220/11-2 and sidetrack 7220/11-2 A in the western part of the Alta discovery in PL609. The Alta discovery is located 10 to 20 km no... Friday, June 12, 2015

Norwegian Petroleum Directorate grants Lundin Norway AS drilling permit for well 7220/11-3, PL609.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-3, cf. Section 8 of the Resource Management Regulations. Well 7220/11-3 will be drilled from the Island Innovator drilling facility at position 72° 01' 12.6' north and 20° 31' 41.3' east. The... Wednesday, May 27, 2015

Lundin Petroleum spuds appraisal well on the Alta discovery in the Barents Sea South

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of appraisal well 7220/11-2 in PL609 has commenced. The Alta discovery is located 10 to 20 km northeast of Lundin Petroleum's Gohta discovery in the Bar... Wednesday, March 25, 2015

BG Group produces first oil from the Knarr field in Norway

BG Group (LSE: BG.L), a world leader in exploration and LNG, today announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway. The FPSO has been leased from Teekay Corporation (NYSE: TK) a... Wednesday, March 18, 2015

Sterling Resources provides update on the Breagh and Cladhan fields, UK

Calgary, Alberta, Canada, March 12, 2015 - Sterling Resources Ltd. (TSX-V: SLG) announces an update on Breagh field operations and Cladhan field development, reserves and valuation. Sterling is also delivering an updated corporate presentation at the Pareto E&P conference today. Breagh Since the b... Thursday, March 12, 2015

GDF SUEZ announces Central North Sea oil discovery

GDF SUEZ E&P UK Ltd and its co-venturers today announced a new discovery in the UK Central North Sea. The 22/16-6 well on the Dalziel structure flowed at rates in excess of 8,000 barrels of oil equivalent per day. The well is now being side-tracked to appraise the extent of this discovery. Block 22/... Thursday, March 12, 2015

Lord Browne appointed head of DEA's Supervisory Board

After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. A... Tuesday, March 3, 2015

€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
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