International

Mehren: Wintershall Dea’s Expansion in Norway Does not Compensate for Losses in Russia

Published on : 2023-02-23

Mario Mehren, CEO and Chairman of Wintershall Dea, told Petroleum Today Magazine that Wintershall Dea’s expansion in Norway was planned way before the russian exit, as Norway considerd the second largest producer after Argentina.

This came during Wintershall Dea’s annual conference as an answer for our reporter’s question: “Wintershall Dea targets record output from Norway this year”, Are you looking to Norway to ease the financial pain triggered by withdrawal from Russia?

Algeria is once again Spain’s leading natural gas supplier

Algeria has once again become Spain leading supplier of natural gas after a year in which the price crisis has been joined by the diplomatic conflict between the two countries over the government new stance on self-determination in the Sahara.

Saudi Aramco’s 2022 net-profit zooms 46% to $161bn as oil demand rises

RIYADH: Energy giant Saudi Arabian Oil Co. net profit in 2022 soared 46.46 percent year-on-year to SR604.01 billion ($161 billion), driven by higher oil prices, increased volumes sold and improved margins for refined products, according to a bourse filing.

WINTERSHALL DEA INITIATES FIRST CO2 STORAGE IN THE DANISH NORTH SEA AS PART OF PROJECT GREENSAND

Carbon capture and storage (CCS) will play a key role in mitigating climate change worldwide as well as in Europe. Denmark is leading the way and assuming a pioneering role among European countries with Project Greensand, as the first storage of CO2 in a reservoir in the Danish North Sea has now been initiated.