Latest in Tag: RWE Highlight
Latest in Tag: RWE
RWE spin-off Innogy makes ‘precision landing’
In its first fiscal year as an independent company, German green-energy firm Innogy has met all its major targets. Lower revenues and net profit had been penciled in as additional modernization costs weighed on results.As Germany’s largest energy company in terms of market capitalization, Innogy earned external revenue of around 43.6 billion ($46.7 billion) in …
$400m dues owed to RWE for its stake in Suez Oil Company fields
RWE’s contract in Gulf of Suez concession ends in July 2017; no request for renewal
Operating profit rises at RWE, so does net borrowing
German energy giant RWE has posted better-than-expected earnings for the first quarter of the year. But the utility continues to grapple with slumping electricity prices and the nation’s gradual exit from nuclear power.
EGPC opens revolving letter of credit pertaining to North Alexandria gas
Fines to be imposed on BP and WRE DEA if linking wells to production is delayed
German government to sell stake in energy giant RWE to Russian billionaire
Winner of the RWE bid is the second richest man in Russia
Petroleum Ministry signs agreement to explore oil in Gulf of Suez
The contract was signed with RWE and Dove Energy oil companies with a minimum of $22.5m in investments