02.10.2018
- Following last December’s letter of intent, BASF and LetterOne have now signed a definitive agreement to merge their oil and gas businesses into a joint venture, which will operate...
08.12.2017
- Confirming reports circulating earlier in the day that a deal was imminent, BASF announced on Dec. 7 that it had signed a letter of intent with LetterOne (L1) to merge its oil and...
04.12.2015
- Ineos has completed its purchase of stakes in the UK gas fields of the southern North Sea formerly owned by Germany’s DEA. The platforms, infrastructure and employees taken over by...
02.03.2015
- Completion of the sale of the DEA unit of German oil and gas giant RWE to LetterOne, an investor group led by Russian tycoon Mikhail Fridman appears to be imminent. News reports...
24.03.2014
- Germany's Green Party has joined the conservative Christian Democrat parties in calling on the federal government to critically examine plans by utility group RWE to sell its oil...
17.03.2014
- LetterOne, a consortium of Russian investors based in Luxembourg, has received the nod to acquire oil and gas exploration company RWE DEA from German energy group RWE, subject to...
