http://www.rwe.com/rss/en/atom.xml2010-03-19T06:10:00RWEhttp://www.rwenews.com/http://www.rwe.com/web/cms/en/113648/?pmid=40046502010-03-17T10:03:00

Hamburg-based RWE Dea remains on its growth track in the international gas and oil business, as numerous operational successes prove. Despite the economic crisis in 2009 and significantly lower prices for crude oil and natural gas leading to a fall in revenues and a lower operating result, RWE Dea invested in promising projects and increased its reserves and resources. “In spite of the unfavourable market environment, RWE Dea continues to pursue its ambitious growth targets and the associated investment plans,” the new Chairman of the Board of Management, Thomas Rappuhn, emphasised at today’s annual press conference in Hamburg. “The generally difficult economic situation has also opened up opportunities. By acquiring successfully explored gas fields in the UK, we have laid the foundations for rapid growth,” Thomas Rappuhn continued. In 2009 RWE Dea wrote another chapter in its success story of exploration and appraisal wells: “A 63% discovery rate was significantly higher than the figures for previous years and it is also well above the industry average.”

http://www.rwe.com/web/cms/en/113648/?pmid=40046282010-03-10T15:04:00

RWE npower today announced it has signed contracts for a multi-million pound project which will cut carbon dioxide emissions from its Little Barford Power Station by around 40,000 tonnes a year.

http://www.rwe.com/web/cms/en/113648/?pmid=40046222010-03-10T10:22:00

Huib Morelisse, currently Chief Technology Officer (CTO) of Dutch energy company Essent N.V., has decided to leave the RWE Group on 31 March 2010 to pursue other career opportunities.

http://www.rwe.com/web/cms/en/113648/?pmid=40046182010-03-10T08:39:00

The RWE Group expands its commitment in Azerbaijan. The company and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a memorandum of understanding to draw up an agreement for the hydrocarbon exploration and development for the Nakhichevan perspective structure in the Azerbaijan sector of the Caspian Sea. The signing of the memorandum of understanding took place today in Baku.

http://www.rwe.com/web/cms/en/113648/?pmid=40045432010-03-05T13:56:00

RWE welcomes the decision by the Turkish Parliament in Ankara to ratify the Intergovernmental Agreement (IGA) to build the Nabucco gas pipeline. “Turkey has always backed Nabucco,” said Stefan Judisch, CEO of RWE Supply & Trading, the German partner in the Nabucco Consortium. “This vote of confidence by the parliamentarians in Turkey is a clear signal to Europe, the countries of the Caspian Region and the Middle East, that Turkey unequivocally supports the goal of achieving greater freedom of choice, security of supply and more competition in the gas market.”

http://www.rwe.com/web/cms/en/113648/?pmid=40045952010-03-04T15:47:00

RWE Polska has been recognised by the Corporate Research Foundation (CRF institute) and is the only company from the energy industry to be awarded the prestigious “Top Employers” certificate in Poland. The CRF institute has awarded the “Top Employers” seal of quality in recognition of the very high HR standards practiced by the company.

http://www.rwe.com/web/cms/en/113648/?pmid=40045932010-03-03T09:49:00

At the Geneva Motor Show, the RWE energy company and Harman International put on a live demonstration of the first infotainment application specially designed for electric cars. The two companies took this opportunity to announce their plans to collaborate closely on driving the future of telematics and infotainment for electric vehicles.

http://www.rwe.com/web/cms/en/113648/?pmid=40045642010-03-01T10:08:00

In November 2009, the joint offering from RWE Effizienz GmbH, a subsidiary of RWE AG, and BRABUS Zero Emission, a business division of BRABUS GmbH, was presented for the first time. Now, at this year’s Geneva Motor Show, the signing of the cooperation agreement signals the next step of this collaboration. As a result, the “Green Package" will now also be offered outside of Germany.

http://www.rwe.com/web/cms/en/113648/?pmid=40045622010-02-26T15:03:00

RWE Dea AG, Hamburg, has begun production in the newly developed Nini East crude oil field. The oil field is located some 200 kilometers off the Danish west coast in the North Sea, near the Nini and Cecilie fields already in production, in which RWE Dea also has a stake.

http://www.rwe.com/web/cms/en/113648/?pmid=40045472010-02-25T21:56:00

RWE's robust business model kept the company on track in 2009, a year marked by economic difficulty. Electricity and gas operations proved comparatively crisis-proof and the prudent sales and growth strategy paid off. Revenue declined slightly to EUR 48 billion, while EBITDA grew by 4% to EUR 9.2 billion. The operating result also improved by 4% to EUR 7.1 billion, putting it slightly above the forecast for 2009. Recurrent net income, the key determinant of the dividend payment, rose by 5%. On this basis, the proposed dividend is EUR 3.50 per share. This represents a payout ratio of 53% of recurrent net income. In the fourth quarter of 2009, Essent made its first contribution of EUR 141 million to the operating result. RWE completed the takeover of Essent in September 2009.