Former BP Boss Browne is DEA Chairman
FRANKFURT, March 3 (Reuters) - DEA, the oil and gas company that German utility RWE sold to Russian billionaire Mikhail Fridman, has appointed former BP boss John Browne as its new supervisory board chairman. Fridman's investment vehicle LetterOne bought the firm from RWE in a 5.1 billion euro ($5.7 billion) deal finalised on Monday, brushing aside British opposition against the sale of some licences held by DEA in the North Sea.
RWE Dea Starts Gas Production in Egypt
RWE Dea achieved first production from the Central Treatment Plant (CTP) of the Disouq Development Project in Egypt. Production commenced at an initial rate of 45 million standard cubic feet gas per day. Total production of 150 million standard cubic feet gas per day from the Disouq project has been achieved already. RWE Dea’s oil and gas production in Egypt will be boosted by 50 percent. Further increase in production is expected in 2015.
Spain: Repsol Cleared for Canary Islands Drilling
The Spanish government has given Repsol the green light to begin a $7-billion oil exploration project off the Canary Islands. Industry Ministry Jose Manuel Soria said last month that Repsol would start prospecting three months after approval was granted. In 2012, the government granted permits for exploration off the coasts of the islands of Fuerteventura and Lanzarote…
Spain Gives Go-ahead to Canary Islands Drilling
Spain's Supreme Court approved on Tuesday a $7-billion oil exploration project off the Canary Islands, clearing one of the final hurdles for oil company Repsol to begin drilling within months. In 2012, Spain's government granted permits for hydrocarbon exploration off the coasts of the Fuerteventura and Lanzarote islands, but they were frozen while courts decided on a number of appeals on environmental grounds.
Spain Backs Repsol Oil Exploration off Canary Islands
Spain's environment ministry on Thursday backed the exploration by oil major Repsol of three oil fields off the Canary Islands, despite the opposition of the local authorities, which fear the move may hit the islands' prosperous tourist industry. Although the exploration still needs the formal backing of the industry ministry, the approval of the environment…
RWE Dea's 'The Breagh Story' Wins Film Awards In Houston, Hamburg
At the WorldFest 2014 International Film Festival in Houston, RWE Dea won the platinum award in the documentary category with “The Breagh Story”. The film also won the silver award in the energy category at this year’s WorldMedia Festival held in Hamburg. The documentary tells the story of one of RWE Dea’s largest projects – from the exploration of the Breagh gas discovery and the installation of the production platform…
Algerian Reggane Nord Gas Project entering execution phase
A project consortium that includes RWE Dea has signed a major contract for the construction of a natural gas processing plant and infrastructure in the Algerian Sahara for the Reggane Nord project. The contract is valued at US$976 million and represents an important step forward for the project. Representatives of the Groupement Reggane of which RWE Dea is a…
