Tag: Wintershall
Corporations and the EU submit a declaration of intent for the ramp-up
Hydrogen production in Oberhausen The EU’s commitments to promote further hydrogen plants have so far been imprecise and general. (Photo: Imago) Dusseldorf The “European Clean Hydrogen Alliance” initiative lays the…
Wintershall is planning a major hydrogen project in Wilhelmshaven
Electrolyser in Wittenhofe In the future, Wintershall wants to produce hydrogen in Wilhelmshaven using Norwegian gas. (Photo: dpa) Dusseldorf The raw materials group Wintershall Dea, together with project partners, is…
BASF is exploring spin-off of Wintershall Russia business
Wintershall in Emlichheim The company is one of Gazprom’s closest partners in the West. In addition, Wintershall produces oil in Russia. (Photo: AP) Dusseldorf, Frankfurt The Ludwigshafen chemical group BASF…
Chemical group warns of damage in the event of a gas stop
Frankfurt Against the background of an impending embargo on Russian gas supplies, the chemical group BASF is working intensively on reducing its gas requirements and accelerating the switch to renewable…
Wintershall writes off billions on Russian activities
Dusseldorf The oil and gas company Wintershall Dea slipped deep into the red at the beginning of the year due to a multi-billion write-down on the Baltic Sea pipeline Nord…
BASF balance sheet check: The Russian mortgage of the chemical company
BASF balance sheet check As far as prospects and stock market performance are concerned, some uncertainties and weaknesses are revealed at the Ludwigshafen chemical company. (Photo: dpa [M]) Frankfurt The…
BASF ends business in Russia and Belarus
BASF There are currently 684 employees in Russia and Belarus. (Photo: dpa) Frankfurt The chemical group BASF is tightening its course towards Russia and now wants to completely cease its…
Cyprus strips Russian oligarchs of their ‘golden passports’
The flags of Cyprus and the EU The EU member state has stripped several oligarchs of their citizenship. (Photo: AP) Berlin The government of Cyprus revokes the so-called “golden passports”…
Natural gas for the chemical industry: BASF complains, Dow acts
BASF plant in Ludwigshafen The chemical giant would actually be predestined to play a leading role in turning away from Russian gas. (Photo: BASF SE) BASF whines, the competition acts.…
Frank-Walter Steinmeier, the “undesirable” person – Handelsblatt Morning Briefing
there have always been good reasons to doubt the success of the Istanbul “peace talks” between Russia and Ukraine. Now Russian President Vladimir Putin is declaring the “planned” progress of…
Profit collapses because of Nord Stream 2
BASF The chemical company’s profit fell by almost 29 percent in the first quarter. (Photo: dpa) Frankfurt A billion-dollar write-down on the majority stake in Wintershall Dea brought the chemical…
How the Green Anne Spiegel will be replaced – Handelsblatt Morning Briefing
A good 17 weeks after its launch, the new federal government is lamenting the first loss. No one could have imagined leaving so early, and if they had, the Social…
War in Ukraine finishes off the 2021 IPO vintage
The trading floor of the Frankfurt Stock Exchange There are likely to be significantly fewer IPOs in Germany this year than in 2021. (Photo: dpa) Frankfort, New York The economic…
Chemical company has to write off 2 billion because of Nord Stream
BASF The chemical company’s profit fell by almost 29 percent in the first quarter. (Photo: dpa) Frankfurt A billion-dollar write-down on the majority stake in Wintershall Dea brought the chemical…
Shell writes off up to $5 billion
Shell petrol station in London The oil company sees a write-down requirement of up to five billion dollars in the first quarter. (Photo: AP) Dusseldorf At the beginning of March,…
Oligarch German Khan leaves Wintershall supervisory board after sanctions
Wintershall headquarters in Kassel In view of the Ukraine war, Wintershall stopped payments to and from Russia. (Photo: dpa) Dusseldorf The oligarch German Khan is stepping down from the supervisory…
German companies are afraid of expropriation in Russia
Production by VW at the Kaluga plant The car company still hopes to be able to restart the currently dormant production. The threat of expropriation by the Russian government causes…
German companies are afraid of expropriation in Russia
Production by VW at the Kaluga plant The car company still hopes to be able to restart the currently dormant production. The threat of expropriation by the Russian government causes…
How Russia’s war is throwing energy markets into chaos
The world in the energy crisis Large industrial nations are dependent on Russian oil and gas supplies. (Photo: Smetek) The war in Russia and the associated sanctions are making energy…
How Russia’s war is throwing energy markets into chaos
The world in the energy crisis Large industrial nations are dependent on Russian oil and gas supplies. (Photo: Smetek) The war in Russia and the associated sanctions are making energy…