Hamburg, 17 March 2010, RWE Dea
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.”more
East Anglia, 10 March 2010, RWE npower
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.more
Essen/Arnhem, 10 March 2010, RWE AG
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. more
Baku, 10 March 2010, RWE Dea
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.more
Essen, 05 March 2010, RWE AG
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.” more