Saturday 23 May 2015
 
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RWE

RWE's Gulf dream may offers cash, new markets

Working with a deep-pocketed Gulf backer could be just what RWE boss Peter Terium needs to restore shareholder confidence and escape budget constraints that have plagued Germany's top power producer. The utility last week disc

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Arab investor in key talks with German utility RWE

German energy utility RWE is in talks with an Arab investor about several possible forms of co-operation, a spokeswoman for the company said, offering hope that the cash-strapped group may gain a new shareholder with deep pockets.

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German utility RWE closes energy unit sale

German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday. The terms of the deal

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German utility RWE closes energy unit sale

German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday. The terms of the deal

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Germany clears RWE energy unit sale

Germany's economy ministry approved the sale of utility RWE's oil and gas unit DEA to a Russian investor, despite tensions between Russia and the West over the Ukraine crisis. The go-ahead announced yesterday removes the b

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KKR, Kuwait Petroleum team up for RWE unit bid

US private equity firm KKR has teamed up with the international arm of Kuwait Petroleum Corp to jointly bid for German utility RWE's oil and gas unit DEA, four banking sources familiar with the matter said. RWE, suffering from

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Dewa inks energy consultancy JV

Dubai Electricity and Water Authority (Dewa) has joined hands with RWE Technology, one of Europe’s leading engineering and project management companies, to set up a new company that will offer comprehensive energy consulting service in the

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German utility RWE plans Egypt assets sale

German utility RWE has earmarked oil and gas assets in Egypt for sale in a bid to shore up its finances as Germany moves to exit nuclear energy, the Financial Times reported on Friday. RWE-DEA, the company's oil and gas exploration unit, h

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Iraqi Kurds defend gas deal with German firm

Iraq's Kurdish authorities have defended a deal recently signed with Germany's RWE to help them develop the region's gas resources, saying the agreement was legal and constitutional.    Iraq's Oil Ministry issued a statemen

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Kurd gas deal with German firm illegal says iraq

Iraq's oil ministry said on Sunday the agreement Germany's RWE signed with the Kurdish Regional Government, which included possible future gas supply for the Nabucco pipeline project, is illegal. "The export of crude oil, gas and their der

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