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Wintershall Dea on Thursday cut its guidance for output and development spending in 2023 as it reconciles new projects, weaker commodity prices and an exit from Russia....
Wintershall Dea's exit from Russia, announced in January, is proving increasingly difficult in an unpredictable business and political environment, Mario Mehren, chief executive of the oil and gas producer, said on Thursday.
Oil and gas company boss says new obstacles are being created every day
German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. But following extended periods of low water in 2018 and 2022, Rhine levels are again too low in parts of the river for cargo vessels to sail fully loaded when they can hold the equivalent of up to 150 trucks. At Kaub, the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week.
German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. The 1,230 km ...