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Latest Key Developments (Source: Significant Developments)

Norway's Maria field could start producing in H1 2018-operator
Tuesday, 2 May 2017 04:49am EDT 

May 2 (Reuters) - Wintershall Holding Gmbh [RIC:RIC:WINT.UL]:Wintershall says its Maria oilfield off Norway could start producing in H1 2018.Wintershall CEO Mario Mehren says the startup will depend on the drilling success.Says drilling started in March and is expected to last for up to 580 days.The field is estimated to hold around 180 million barrels of oil equivalents of recoverable reserves, mostly oil.Wintershall has 50 pct stake, Norway's Petoro 30 pct and Centrica <<>> 20 pct .  Full Article

BASF to strengthen digital farming offer with acquisition of ZedX Inc
Tuesday, 25 Apr 2017 07:18am EDT 

April 25 (Reuters) - BASF SE :To strengthen digital farming offer with acquisition of ZedX Inc..Acquisition is expected to be completed within four weeks.  Full Article

BASF, Argonne reach resolution with Umicore over NMC patents
Tuesday, 25 Apr 2017 02:49am EDT 

April 25 (Reuters) - Basf Se :Says basf and argonne reach resolution with umicore over nmc patents infringement claims.Says basf and argonne national laboratory reached a business resolution of their pending patent disputes with umicore.Says umicore is now licensed to make, use, sell, offer to sell, distribute and import nickel-manganesecobalt (nmc) cathode material for lithium ion batteries in the united states under basf’s and argonne’s u.s. Patent nos. 6,677,082; 6,680,143; 7,135,252; and 7,468,223.Says basf and argonne are dismissing their pending action in the united states district court for the district of delaware against umicore.Says the parties are filing a petition for rescission of the existing limited exclusion order with the international trade commission (itc)..  Full Article

Basf buys Mexican waterproofing systems firm Thermotek
Monday, 24 Apr 2017 11:09am EDT 

April 24 (Reuters) - Basf says :To acquire waterproofing systems provider Thermotek.Both parties have agreed not to disclose financial details of the transaction.Thermotek is a privately held company with more than 200 distributors and approximately 500 people.  Full Article

BASF sells leather chemicals business to Stahl Group
Thursday, 23 Mar 2017 02:39am EDT 

BASF SE : Says leather chemicals business to become part of Stahl Group . Says will receive a 16 pct minority stake in the Stahl Group . Says closing is expected to take place in Q4 of 2017 .Says will supply significant volumes of leather chemicals to Stahl under mid to long-term supply agreements.  Full Article

Lundin's incoming CFO says may raise output forecast
Thursday, 16 Mar 2017 06:48am EDT 

Lundin Petroleum's incoming CFO Teitur Poulsen told an energy conference in Oslo on Thursday: Retains current Norway production guidance of 70,000-80,000 boepd for the time being . Lundin could potentially revise output guidance when presenting Q1 results due to higher output from Edvard Grieg field than previously expected, but need to asses more data . Lundin has earlier announced plans to spin off its non-Norwegian business Further company coverage: [LUPE.ST] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

BASF inorganic specialties divestiture creates new business named Callery
Tuesday, 14 Mar 2017 10:00am EDT 

Callery LLC - : BASF inorganic specialties divestiture creates new business named callery .divestiture was facilitated by Edgewater Capital in combination with Callery management team.  Full Article

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


BASF boosts nylon business with 1.6 billion euro Solvay deal

FRANKFURT/BRUSSELS German chemicals group BASF has strengthened its nylon business by agreeing to buy the global polyamide business from Belgian rival Solvay for 1.6 billion euros ($1.9 billion).