Tuesday 29 July 2014

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


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


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


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


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


Egypt in $660m deals

Egypt's oil ministry signed eight deals for oil and natural gas exploration worth $660 million with several foreign firms including BP, Austria's OMV and Norway's Statoil. The ministry said in a statement the exploration deals  cover

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