October 21, 2016 9:35 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Wintershall AG

Company Overview

Wintershall AG explores and produces crude oil and natural gas. The company trades natural gas in Europe. The company markets crude oil and natural gas storage capacity, natural gas transport capacity, and fiber optic capacity. The company was formerly known as Bohrgesellschaft Wintershall and changed its name to Wintershall AG in January 1929. The company was founded in 1894 and is based in Kassel, Germany. The company operates in Europe, North Africa, South America, and Russia. Wintershall AG operates as a subsidiary of Wintershall Holding GmbH.

Friedrich-Ebert-Strasse 160

Kassel,  34119


Founded in 1894


49 561 301 0


49 561 301 1702

Key Executives for Wintershall AG

Chief of Finance and Member of the Board of Executive Directors
Age: 59
Chief Executive Officer of VNG
Age: 62
Chief Executive Officer of Plant Science Business and President of Plant Science Business
Board Member and Chief Executive Officer of Wingas
Age: 50
Head of Exploration and Production
Compensation as of Fiscal Year 2016.

Wintershall AG Key Developments

Wintershall Reports Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016

Wintershall reported earnings results for the year 2015. Income from operations declined as a result of the loss in sales to $1.5 billion, against $2 billion during full-year 2014. For the year 2016, the company is expecting a steep decline in sales as crude oil prices linger at around $40 per barrel. The company also expects a significant fall in income from operations before special items compared to 2015.

Wintershall and Gazprom Sign Memorandum of Understanding to Expand Nord Stream Pipeline

Wintershall and Gazprom have signed a memorandum of understanding to expand the Nord Stream pipeline. BASF said it intends to participate in expanding the capacities of the Nord Stream pipelines 3 and 4, which deliver Russian natural gas to European customers via the Baltic Sea. The company said this expansion will consist of two additional pipelines that could transport up to 55 billion additional cubic meters of Russian natural gas directly to Germany.

Wintershall and Gazprom Neft Signs Memorandum on Cooperation

Wintershall and Gazprom Neft announced that it have signed a memorandum on cooperation in the area of enhanced oil recover technology, the German company said in a statement. The companies intend to test the potential of these technologies at oil deposits in Siberia.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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