Wintershall Dea headquarters in Hamburg
Wintershall Dea quits Brazil, Argentine shale
The German independent is overhauling its Latin American portfolio
Germany’s Wintershall Dea will quit Brazil and divest its Argentine shale assets as it seeks to focus on gas production and slash emissions. But the firm will retain its Mexican oil production. Wintershall has opted to terminate all its exploration activity in Brazil and close its Rio de Janeiro office. The company has stakes in nine Brazilian exploration licences—four of which it operates—across the Potiguar, Ceara, Campos and Santos basins. The German independent has no remaining work or financial commitments for those licences and is keen to ensure a “smooth transition” by working with its partners and the Brazilian authorities. Wintershall is also divesting both of its operated shale oil
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
