BASF Aktiengesellschaft Company News

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Higher Oil Prices Squeeze BASF Production Costs
Friday, October 26, 2018 The battle against rising energy costs comes after global manufacturers were lulled by a protracted period of relatively low oil prices.

Incoming BASF Boss Rules Out DowDuPont-Style Break-Up
Wednesday, May 02, 2018 The incoming boss of BASF has thrown his weight behind the chemical titan's contentious strategy of keeping divergent businesses folded into one company.

German Chemical Industry Warns of Disruption After Rail Closure
Friday, August 25, 2017 Deutsche Bahn has said that Rhine Valley Railway line would remain closed until Oct. 7.

Jacobs to Provide EPCM Services at BASF's Ludwigshafen Site
Tuesday, May 16, 2017 Jacobs Engineering Group will execute engineering, procurement and construction management (EPCM) services at BASF's Ludwigshafen Verbund chemical complex in Germany.

BASF Sees Role of Oil and Gas Unit Declining Further
Friday, May 12, 2017 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.

BASF CEO Sees Completing of Asset Swap with Gazprom by Year-End
Thursday, December 04, 2014 German chemicals and oil group BASF expects a major asset swap deal with Gazprom to take place by the end of 2014.

MOL Buys Oil, Gas Assets from BASF for $375M
Friday, December 13, 2013 Hungary's MOL agrees to buy North Sea oil and gas projects from BASF for $375 million.

Wintershall Hopes to Expand Crude Oil Production in Germany
Monday, December 01, 2008 Wintershall is continuing to invest in crude oil production in Germany. The largest German crude oil and natural gas producer is currently drilling well "Schwabmunchen 5" at Aitingen.

BASF, Gazprom Fire Up Gas Production at Siberia's Achimgaz Project
Wednesday, November 12, 2008 BASF and Russia's OAO Gazprom have officially launched natural gas production at the joint venture ZAO Achimgaz in Siberia.

Nord Stream Costs to Exceed 5 Billion Euro
Wednesday, January 02, 2008 Nord Stream AG, a consortium that plans to build a natural gas pipeline below the Baltic Sea, expects construction costs to amount to "significantly" more than 5 billion euro.

Gazprom Launches Production at Yuzhno Russkoye Gas Field
Tuesday, December 18, 2007 BASF AG and Russia's OAO Gazprom have officially launched production operations at the Russian natural gas field Yuzhno Russkoye in West Siberia.

Russian Gas for Europe
Friday, December 09, 2005 Sparks flew in the cold winter air as work started on the Russian onshore section of the North European Gas Pipeline (NEGP) on December 9, 2005 in Babayevo, 800 km east of St. Petersburg.