Mariners Rescued from Disabled Barge Off Rhode Island
Three mariners were rescued from a disabled barge off the coast of Point Judith, Rhode Island on Wednesday after their tug sank. The U.S. Coast Guard reports that watchstanders at...
German utility company RWE announced on Friday they are selling back their 50 percent stake in Houston-based Excelerate Energy. The deal was signed with economic effect from 30 June 2013.
Excelerate’s original financier and co-owner George B. Kaiser bought the shares back for an undisclosed price. RWE’s initial 50 percent stake was bought from Mr. Kaiser in 2008 for a consideration of approximately $500 million.
“Excelerate Energy has developed to become a very successful global provider of infrastructure based on special LNG ships with on-board regasification. This business is further developing into a pure LNG infrastructure business and is therefore an ever less integral part of the core activities of RWE”, explained Stefan Judisch, CEO of RWE Supply & Trading regarding the company’s decision.
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