Tag: DEA

NAFTA acquires gas storage facilities in Bavaria

DEA Deutsche Erdoel AG sold three underground natural gas storage facilities operating in southern Bavaria to Slovak NAFTA a.

DEA to invest in Norwegian oil and gas

Norway is already the strongest production country in DEA’s global portfolio. Further growth projects are planned to come on stream from 2020 on.

DEA boosts production from Egyptian oil fields

DEA Deutsche Erdoel AG has announced a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta.

Maria Moraeus Hanssen new CEO of DEA

DEA Deutsche Erdoel AG has announced that Maria Moraeus Hanssen has taken over as CEO and Chair of the Board of Management of DEA.

Maria Moraeus Hanssen is DEA CEO

DEA Deutsche Erdoel AG has appointed Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board. The appointment is expected to take effect in January 2018, when Hanssen succeeds Thomas Rappuhn.

DEA acquires licenses in the Njord Area

DEA has recently acquired participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from Engie E&P Norge AS and thereby strengthening its position in Norway.

RWE to sell DEA to cut debt

RWE, Germany's second-biggest utility, has put its oil and gas exploration unit up for sale in a move that could raise close to EUR 5B as a part of its drive to cut debt. RWE had previously said it only wanted to sell parts of the DEA unit that accounted for 23% of the group's operating profit in 2012.