RWE AG is expected to get rid of Gazprom oil price deals after arbitration. RWE AG previously said to get rid of a link in oil prices with gas supply contracts, contracts that have cost Germany's second-largest utility hundreds of millions of euros, they must win an arbitration against Russia's OAO Gazprom.
Energy
Zion Oil and Gas Inc wins one-year exploration license extension in Israel
Zion Oil and Gas Inc obtains one-year exploration license extension for its Asher-Menashe enterprise in Northern Israel.
CGX Energy Inc announces completion of consolidation of shares
CGX Energy Inc announced the completion of the consolidation of common shares for the company CGX Energy Inc. announced the completion of the consolidation of issued and outstanding common shares.
India hikes natural gas price to attract investors
As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.
EIB invests on Lithuania's energy sector
The EIB announced today that it will invest Lithuania's LNG project. The European Investment Bank announced today that it would make investments on Lithuania.
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NRG Energy Inc announced today the initial public offering for its wholly owned subsidiary, NRG Yield.
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
Oil prices and dividend yields causes rise in Russia stocks, says Citigroup analyst. Russian stocks were driven by dividend yields and oil prices, according to analysts in Citigroup.
Teralys Captial announced its plan to invest $50 million through Cycle Capital and EnerTech. Teralys Capital Management had announced a Can$50 million investment in the clean technology sector of Québec.
Macquaire fund agreed to purchase Theolia The Macquaire fund, owned by Australian bank, Macquaire, agreed to purchase Theolia, a French wind power group.
TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
Veolia Environment anticipated to earn Eur5 billion from the rich and rapidly growing hydrocarbon industry.
