Tag: Petroleum industry
Exxon Mobil makes record profit of $55.7 billion
Exxon Mobile The US group was also able to significantly increase sales. (Photo: AP) irving Thanks to soaring oil prices, Exxon Mobil earned more than ever last year. The largest…
Western oil companies are turning their backs on Nigeria
Woman in the Delta Valley An important reason for the increase in poverty in Nigeria: the income from the oil business has been misused for decades to subsidize petrol and…
Wintershall’s withdrawal from Russia opens up a painful financial gap
Frankfurt, Dusseldorf With a massive write-down totaling 7.3 billion euros, the BASF Group eliminated the Russian commitment of its subsidiary Wintershall Dea from its balance sheet at the end of…
BASF writes billions in losses because of Wintershall Dea’s withdrawal from Russia
BASF plant in Ludwigshafen In the ongoing business, too, things were rather poor for the chemical company in 2022. (Photo: AP) Dusseldorf After months of criticism of its involvement in…
BASF writes billions in losses because of Wintershall Dea’s withdrawal from Russia
BASF plant in Ludwigshafen In the ongoing business, too, things were rather poor for the chemical company in 2022. (Photo: AP) Dusseldorf The chemical group BASF surprisingly slipped into the…
These are the strategies of the energy companies
Berlin The record prices for electricity and gas have given many energy companies billions in profits. In particular, companies like BP and Equinor, which do their business with fossil fuels…
Exxon sues EU excess profit tax
Exxon Mobile The US group made a profit of 20 billion dollars in the third quarter alone. (Photo: Reuters) new York The largest US oil company Exxon Mobil is complaining…
Why the prices in Germany differ
Fuel nozzle at a gas station Europe’s refineries can meet the demand for premium petrol, but not for diesel fuel. (Photo: Reuters) Berlin Drivers in Germany also felt the start…
EU sanctions: Russian oil exports collapse
Oil field in Russia The EU embargo on Russian oil is having an effect as the country’s oil exports plummet. (Photo: dpa) Zurich, Berlin The sanctions of the G7 industrialized…
Expropriation by the federal government is getting closer – Schwedt in focus
PCK Schwedt The refinery in Brandenburg is essential for supplying East Germany with various products, especially gasoline and kerosene. (Photo: dpa) Berlin, Warsaw Russian crude oil is still flowing into…
EU boycott of Russia causes oil prices to drop
Oil tanker in the Russian Pacific port of Kozmino Exports to China and India already work without services from the West. (Photo: Reuters) Zurich In the Baltic Sea port of…
Can the measures actually harm Russia?
Oil production in Russia The EU embargo on Russian oil has been in effect since Monday. (Photo: dpa) The European Union (EU) oil embargo has been in effect since Monday.…
Russia sanctions are driving up oil prices
oil production The price cap on Russian crude oil is intended to prevent Russia from selling its oil for more than 60 dollars. (Photo: dpa) Dusseldorf The price of oil…
Oil Production: The German Energy Dilemma
North Sea oil rig “Mittelplate” Wintershall Dea is the only significant German group that produces oil and gas. (Photo: Wintershall/Achim Multhaupt, Imago [M]) Dusseldorf If you want to visit Germany’s…
The oil price cap can do something that other sanctions cannot
Oil tanker at sea The West wants to lower the price of Russian oil worldwide. (Photo: STENA BULK via REUTERS) At the moment, even experts do not want to predict…
PCK refinery in Schwedt threatened with fiasco
Swede A good nine months after the Russian attack on Ukraine, the European Union is getting serious. From Monday (December 5th) no more Russian oil will be imported by sea.…
The federal government declares all jobs in the PCK refinery in Schwedt to be secure in 2023
PCK refinery in Schwedt So far, the PCK has been supplied with Russian oil via the Druzhba pipeline. From January 1st, other solutions should be found. (Photo: dpa) Berlin /…
Raffinerie Schwedt receives crude oil via Poland for the first time
PCK refinery in Schwedt From the end of the year, the refinery will be short of crude oil from Russia. (Photo: dpa) Berlin The Federal Ministry of Economics reports progress…
When the Treasury becomes a climate killer
Monday 7 November 2022 Log in subscription Newsletter podcast Club e-paper archive Shop jobs Inside my news Home politics Germany Economy International Economic Education company Industry energy Trade + consumer…
High profits increase the pressure on excess profits tax
BP logo on a petrol tank in London London The British energy group BP achieved the second best result in its history in the third quarter. The company’s net income…