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Latest Key Developments (Source: Significant Developments)

German chemicals assn VCI sees 2017 industry sales up 1.5 pct
Thursday, 9 Mar 2017 05:39am EST 

German chemicals association VCI: German chemicals assn vci says q4 2016 industry sales unchanged year-on-year, q4 output volume +1.4 percent, domestic producer prices -0.7 percent . German chemicals assn vci says q4 domestic revenues -1.6 percent, q4 revenues abroad +1.0 percent . German chemicals assn vci says expects 2017 industry sales +1.5 percent, output volume +0.5 percent, domestic producer prices +1.0 percent . German chemicals assn vci says prices of petrochemicals rebounding in q1, aromatics in particular . German chemicals assn vci sees uncertainty due to new u.s. Trade policy, concerns about stability in europe and prospect of hard brexit . German chemicals assn vci says among positive signals, european economy has proven resilient to last year's shocks Further company coverage: [BASFn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

BASF announces $600 mln bond offering
Thursday, 2 Mar 2017 04:16am EST 

Basf Se : Basf says offers $600 million bonds with non-dilutive (cash-settled) warrants due 2023 . Basf says senior unsecured bonds to carry a coupon of 0.425% – 0.925% p.a. , warrants cash settled only with an initial premium of 25% – 30% Further company coverage: [BASFn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

BASF CEO says seeing good momentum in Q1 - N-TV
Friday, 24 Feb 2017 03:55am EST 

BASF CEO : Says has no plans to spin off oil and gas business - Bloomberg TV . Says seeing good momentum in Q1, but there is uncertainty about H2 - N-TV . Says effects on profit from accident at Ludwigshafen harbour were small, in the low 2-digit million euros per month - N-TV Further company coverage: [BASFn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Lundin Petroleum says Norway's Grieg field producing above capacity
Monday, 13 Feb 2017 07:49am EST 

Lundin Petroleum COO Nick Walker told an investor briefing on Monday: Norway's Edvard Grieg field has been producing at a daily rate of 110,000 barrels of oil during the last few days, 10 pct above the official design capacity of 100,000 barrels . This however hasn't been included in Lundin's production outlook yet, he added . Plans to update on the potential increase at the end of Q1 Further company coverage: [LUPE.ST] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Aker BP says Ivar Aasen output to average 50,000 boe/day in 2017
Monday, 6 Feb 2017 03:33am EST 

Aker Bp Asa : CEO says Ivar Aasen output expected to average 50,000 boe/day in 2017, versus current output of 35,000 boe/day . CEO says ramp-up to take place in April Further company coverage: [AKERBP.OL] (Reporting By Ole Petter Skonnord, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

BASF enters Indian crop protection market for rice
Tuesday, 24 Jan 2017 01:16am EST 

BASF SE :Enters Indian crop protection market for rice.  Full Article

Aker BP starts production at Norway's Ivar Aasen oilfield
Saturday, 24 Dec 2016 08:21am EST 

Norway's Aker BP said: First oil is produced at Ivar Aasen field in the North Sea. Start-up is according to plan, and development is completed within budget . Licence holders: Aker BP 34.7862 pct, Statoil Petroleum 41.4730 pct, Bayerngas Norge 12.3173 pct, Wintershall Norge 6.4651 pct, VNG Norge 3.0230 pct, Lundin Norway 1.3850 pct, OKEA 0.5540 pct .The company did not give details on the initial output. It has previously said it expects Ivar Aasen production at 35,000 barrels per day in 2017 and to reach a maximum of 70,000 barrels in 2018 [nL8N1DU3OC].  Full Article

BASF says Engenia herbicide approved for use in the USA
Wednesday, 21 Dec 2016 05:02am EST 

BASF SE : Engenia herbicide from BASF approved for use in the U.S. .Product will be available for use on dicamba-tolerant soybean and cotton crops for the 2017 season in North America.  Full Article

BASF says International Trade Commission determins Umicore infringes BASF laboratory patents
Tuesday, 20 Dec 2016 01:29pm EST 

BASF SE : Says International Trade Commission issues final determination that umicore infringes basf and Argonne National Laboratory patents . Says Commission confirms infringement by Umicore and its customers . Says exclusion order bans importation of Umicore's infringing lithium metal oxide cathode material into United States Further company coverage: [BASFn.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

BASF says raw material supply in Ludwigshafen still limited after fire
Friday, 2 Dec 2016 10:59am EST 

BASF : Says following fire at Ludwigshafen site, the raw material supply there is still limited . Says individual plants at the Ludwigshafen site may still be temporarily idled, restarted or may have production reduced in the future .Says is evaluating various measures to minimize the impact on customer deliveries.  Full Article

More From Around the Web


BASF sees role of oil and gas unit declining further

MANNHEIM, Germany BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.