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.
Tags: Energy
Lanco Infratech, to restructure US$1.3 billion debt
Indian business conglomerate Lanco Infratech begins debt restructuring process. Indian construction company Lanco Infratech Ltd has initiated restructuring debts amounting to INR 75 billion (US$1.
Statoil profit drops 2% in second quarter with declining gas prices
Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
Natural gas firms expand for less costly consumer energy
According to past reports, natural gas companies planned on expanding their operations in the Gulf region.
Gulf natural gas unit explodes
A natural gas well exploded in the Gulf of Mexico today. A total of 44 workers were evacuated after a natural gas rig exploded in the Gulf of Mexico today.
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The African Finance Corporation handed $250 million worth of power-systems investment as part of Power Africa.
PTT CEO announced his plan on investing billions of dollars in Myanmar. (Photo : Reuters)A man counts US dollars and Myanmar kyats at a money changer in Yangon March 21, 2012.
Lukerg Renew gains ownership of Vestas Wind Systems' wind power plants. (Photo : Flickr/slettvet)Google Inc. has invested around $200 million in a Spinning Spur Wind Project, a 161-megawatt facility located in Oldham County, Texas.
Negev Energy is building solar powered plants in the southern part of Israel. (Photo : Reuters)The image is a sample of a solar farm that uses energy to heat water.
Private equity firm Denham Capital gave $100 million to Endeavor Energy as capital to fund the expansion of the company in Afria.
Hess sells of Hetco, its energy trading subsidiary. Hess Corp will be selling off its energy trading arm Hetco to precipitate its exit from the gasoline and marketing industry by the year 2015.
Copperbelt will pay $164 million to take 60% stake at Abuja Electricity Copperbelt Energy Corp. of Zambia has announced that it would acquire 60% of the stake at Abuja Electricity Distribution Co.
