Major divestments for Wintershall in Norway

The German oil company has divested a number of oil activities on the Norwegian Shelf - including the disputed Yme project. The buyer is Norwegian Tellus Petroleum, which was recently taken over by a Dutch company.

Photo: Marit Hommedal - Statoil

The oil company Wintershall, which is owned by German industry giant BASF, sold a large portfolio of oil activities in Norway for a total price of USD 602 million, according to a press release.

The company informs in the press release that the buyer is Norwegian Tellus Petroleum, which was recently taken over by the Dutch Sequa Petroleum.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs