Abu Dhabi National Energy Co.(TAQA) Company News

Recent Articles

Results 50 articles shown

Odfjell Drilling Wins 5-Year Contract
The new contract covers five TAQA North Sea installations.
8:00 PM EST | March 21, 2021
Archer Rig to Mobilize in UKCS for 21-Well Campaign
Archer has won a multi-well plugging and abandonment contract in the UK Continental Shelf. PHOTO SOURCE: Archer Limited
8:00 PM EST | May 25, 2020
UAE Energy Firm TAQA Posts Wider Q3 Loss On Oil Price Slump
Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, reports a wider loss for the third quarter caused by the drop in oil prices.
7:00 PM EST | November 08, 2016
Abu Dhabi's TAQA To Price Weds Tap Of Existing 2021, 2026 Bonds
Abu Dhabi National Energy Company (TAQA) plans to tap on Wednesday the bond issue it completed in June to raise additional funds worth upwards of $500 million.
8:00 PM EST | October 11, 2016
Abu Dhabi's TAQA Q2 Net Loss Widens To $160M
TAQA reports a wider Q2 net loss as low oil prices continue to weigh on its earnings.
8:00 PM EST | August 09, 2016
Abu Dhabi's TAQA Says COO Edward LaFehr Resigns
Abu Dhabi National Energy Company (TAQA) says its chief operating officer, Edward LaFehr, is leaving the company for personal reasons.
8:00 PM EST | June 01, 2016
UAE's Taqa Posts Q1 Loss On Low Oil Prices
Abu Dhabi National Energy Co (TAQA) reports a Q1 net loss, hurt by low oil prices.
8:00 PM EST | May 10, 2016
Abu Dhabi's TAQA Slashes 2016 CAPEX Target Despite Narrower 4Q Loss
Abu Dhabi National Energy Co. (TAQA) slashes its proposed capital expenditure for 2016 despite reporting a narrower fourth-quarter loss, as the company is impacted by lower oil prices.
8:00 PM EST | March 30, 2016
First Oil Achieved at Cladhan Field
TAQA reports that its UK subsidiary has achieved first oil from the Cladhan field in the North Sea.
7:00 PM EST | December 28, 2015
RGU's Oil & Gas Institute Makes Key Appointments
Robert Gordon University appoints a Drilling & Wells Excellence Manager and Commercial Manager to its Oil & Gas Institute.
7:00 PM EST | December 06, 2015
Sources: UAE's TAQA Close to Signing $3.1B Loan
TAQA is close to completing a $3.1-billion five-year loan that will be used to consolidate existing debts into a new, lower-cost facility.
8:00 PM EST | August 11, 2015
UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
8:00 PM EST | March 31, 2015
ShaMaran Updates on Reserves, Resources Estimates for Iraq's Atrush Block
ShaMaran Petroleum provides an update to the estimated reserves and contingent resources for the Atrush block in Kurdistan, Iraq.
8:00 PM EST | March 12, 2015
Wood Group Order Book to Provide Resilience in 2015
Wood Group says a largely-reimbursable order book and prospects will help provide it with relative resilience during 2015.
7:00 PM EST | December 10, 2014
Odjfell Revenues, Profits Decline during 3Q
Norway's Odfjell sees its revenues and profits fall amid a continued softening of demand for oilfield services.
7:00 PM EST | November 25, 2014
UAE's TAQA Swings to Quarterly Profits; Pulls Out of Talks in Iraq, India
Abu Dhabi National Energy Company (TAQA) swings into second-quarter profits and confirms a shift in its strategy.
8:00 PM EST | August 12, 2014
ShaMaran Updates on Operations at Atrush Development in Kurdistan
ShaMaran Petroleum updates on operations at the Atrush development in the Kurdistan Region of Iraq.
8:00 PM EST | July 21, 2014
TAQA Sees Strong North Sea Production Growth
Abu Dhabi National Energy Company sees 1Q production from its UK North Sea operation increase 118 percent.
8:00 PM EST | May 13, 2014
N. America Impairment Pushes Abu Dhabi's TAQA into 2013 Loss
Abu Dhabi National Energy posts a net loss of $687 million due to a write-down of its North American assets.
8:00 PM EST | March 24, 2014
TAQA Restarts Production at its Harding Platform
TAQA Bratani restarts production at its Harding platform in the UK North Sea.
7:00 PM EST | March 04, 2014
TAQA Worker Dies after Falling from UK North Sea Platform
TAQA Bratani confirms that one of its workers has died after falling from the Harding platform in the UK North Sea.
7:00 PM EST | February 26, 2014
UAE'S TAQA Says CEO Carl Sheldon To Step Down
Abu Dhabi National Energy Company CEO Carl Sheldon steps down.
7:00 PM EST | February 25, 2014
TAQA Gets Approval for Morrone UK North Sea Field Development
Abu Dhabi National Energy Company receives approval from the UK to develop the Morrone field in the central North Sea.
7:00 PM EST | December 15, 2013
TAQA Cuts 16% of HQ Staff
Abu Dhabi National Oil Company says it plans to shed 16 percent of its headquarters' staff in 2014.
7:00 PM EST | December 11, 2013
TAQA's Moroccan Unit to Launch IPO Dec. 10
Abu Dhabi National Energy Company gets the go-ahead to float its Moroccan power subsidiary Jorf Lasfar Energy.
7:00 PM EST | December 02, 2013
TAQA: Major Projects on Schedule
TAQA reports that its major projects are currently on schedule, including the Atrush oil and gas field in Kurdistan that is due to be completed in 2015.
7:00 PM EST | November 06, 2013
UAE Govt-Owned Taqa Gets Kurdistan Oilfield All Clear
Taqa receives approval from the Kurdistan Regional Government to develop the Atrush block.
8:00 PM EST | October 06, 2013
AMEC Wins Cladhan Field Contract from TAQA
Engineering firm AMEC wins contract to supply engineering services to the Tern platform in the North Sea’s Cladhan field.
8:00 PM EST | September 05, 2013
Ithaca Production on Target for 2013
Ithaca says it expects to achieve pro-forma production of 14,000 boepd for 2013 after receiving a boost during the first half from its acquisition of Valiant Petroleum.
8:00 PM EST | August 12, 2013
Abu Dhabi Energy Firm TAQA Swings To 2Q Loss
TAQA swings to a loss in 2Q 2013 after a slump in income from its oil and gas business.
8:00 PM EST | July 30, 2013
STATS Group Completes Isolation Project on Brent Pipeline
STATS Group successfully completes an isolation project on TAQA Bratani's Brent pipeline in the Shetland Islands.
8:00 PM EST | June 17, 2013
TAQA Completes Acquisition of North Sea Assets
Abu Dhabi National Oil Company completes the acquisition of the Harding field and other North Sea assets from BP.
8:00 PM EST | June 02, 2013
TAQA Gets Approval for Cladhan Development
TAQA Bratani receives approval from the UK government for its development plan for the Cladhan field in the North Sea.
8:00 PM EST | April 24, 2013
Finalists Selected for UK O&G Safety Awards
Several oil and gas firms and suppliers are up for seven gongs at 2013's UK safety awards.
8:00 PM EST | March 26, 2013
Brent Pipeline System Restarts after 5-Day Shutdown
TAQA Bratani reports that production is being restarted after investigations show no connection between the Brent Pipeline System and the pipeline involved in Saturday's hydrocarbon release.
7:00 PM EST | March 06, 2013
TAQA Reviewing Cormorant Alpha Situation after Second Leak
TAQA Bratani says its technical team is reviewing the situation at Cormorant Alpha in the North Sea after a new hydrocarbon leak was reported in the same platform leg involved in incident six weeks ago.
7:00 PM EST | March 03, 2013
TAQA Makes North Sea Oil Discovery
Abu Dhabi National Energy Co. says it has discovered oil at the new Darwin field in the North Sea off the coast of Scotland.
7:00 PM EST | February 16, 2013
Argentina's YPF CEO Meets With UAE Oil Companies, Investors
The head of Argentina's state-run oil company YPF met with oil companies and investors in the UAE to discuss partnering to produce oil and gas in the South American nation.
7:00 PM EST | February 05, 2013
Ops to Boost Causeway Production for February Finish
Antrim Energy issues an update in which it says operation to install water injector to boost production at its Causeway field will be completed this month, but firm opts out of Fionn development.
7:00 PM EST | January 31, 2013
Transocean Rig Arrives to Complete Timon Well
Valiant Petroleum reports that Transocean John Shaw rig has arrived to finish drilling the Timon prospect in the UK North Sea.
7:00 PM EST | January 24, 2013
TAQA Bratani Restores Oil Flow after Leak
TAQA says its North Sea subsidiary has begun the process of restoring crude oil flow in the Brent pipeline system, after a hydrocarbon leak Monday.
7:00 PM EST | January 16, 2013
Cormorant Alpha Leak Shuts Down 10% of UK Production
Oil & Gas UK estimates that fields currently shut down across the Brent Pipeline System due to the Cormorant Alpha leak usually account for around 10% of UK oil production.
7:00 PM EST | January 15, 2013
Taqa: North Sea Oil Platform Shut and Evacuated After Leak
A North Sea oil platform has been shut and all non-essential workers are being removed after a leak was discovered, the operator said.
7:00 PM EST | January 14, 2013
First Oil Produced from Cormorant East
TAQA achieves first oil production from its North Sea Cormorant East field just 85 days after discovering the field.
7:00 PM EST | January 13, 2013
Taqa Completes Purchase of Stake in Kurdish Energy Block
Abu Dhabi National Energy Company (Taqa) announces that it has completed its $600 million purchase of a 53% stake in the Atrush block, Kurdistan.
7:00 PM EST | January 01, 2013
Oilgen Completes Reservoir Modeling Contract for TAQA
Oilgen says its reservoir modeling on the Rign oil field, offshore the Netherlands, will help TAQA Energy to produce an extra 5 percent oil from the field.
7:00 PM EST | December 12, 2012
Graduate Focus for North Sea Oil and Gas Firms
TAQA Bratani is planning to launch a graduate development program in 2014 while looking to recruit 100 experienced staff for its North Sea operation during the next year.
7:00 PM EST | December 03, 2012
TAQA in $1.3B Deal to Buy BP North Sea Assets
BP sells interests in several fields in the central North Sea to Abu Dhabi-owned TAQA.
7:00 PM EST | November 27, 2012
TAQA Bratani's North Sea Contender Well Hits Oil
Contender partners report that the Contender well has found 60 feet of net oil pay.
8:00 PM EST | October 21, 2012
North Sea's Contender Well Spuds
Contender well is being drilled by TAQA and is targeting the Jurassic Brent sequence.
8:00 PM EST | August 23, 2012