Abu Dhabi National Energy Co.(TAQA) Company News

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Archer Rig to Mobilize in UKCS for 21-Well Campaign
Tuesday, May 26, 2020Archer has won a multi-well plugging and abandonment contract in the UK Continental Shelf. PHOTO SOURCE: Archer Limited

UAE Energy Firm TAQA Posts Wider Q3 Loss On Oil Price Slump
Wednesday, November 09, 2016Abu 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.

Abu Dhabi's TAQA To Price Weds Tap Of Existing 2021, 2026 Bonds
Wednesday, October 12, 2016Abu 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.

Abu Dhabi's TAQA Q2 Net Loss Widens To $160M
Wednesday, August 10, 2016TAQA reports a wider Q2 net loss as low oil prices continue to weigh on its earnings.

Abu Dhabi's TAQA Says COO Edward LaFehr Resigns
Thursday, June 02, 2016Abu Dhabi National Energy Company (TAQA) says its chief operating officer, Edward LaFehr, is leaving the company for personal reasons.

UAE's Taqa Posts Q1 Loss On Low Oil Prices
Wednesday, May 11, 2016Abu Dhabi National Energy Co (TAQA) reports a Q1 net loss, hurt by low oil prices.

Abu Dhabi's TAQA Slashes 2016 CAPEX Target Despite Narrower 4Q Loss
Thursday, March 31, 2016Abu 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.

First Oil Achieved at Cladhan Field
Tuesday, December 29, 2015TAQA reports that its UK subsidiary has achieved first oil from the Cladhan field in the North Sea.

RGU's Oil & Gas Institute Makes Key Appointments
Monday, December 07, 2015Robert Gordon University appoints a Drilling & Wells Excellence Manager and Commercial Manager to its Oil & Gas Institute.

Sources: UAE's TAQA Close to Signing $3.1B Loan
Wednesday, August 12, 2015TAQA 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.

UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015Abu 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.

ShaMaran Updates on Reserves, Resources Estimates for Iraq's Atrush Block
Friday, March 13, 2015ShaMaran Petroleum provides an update to the estimated reserves and contingent resources for the Atrush block in Kurdistan, Iraq.

Wood Group Order Book to Provide Resilience in 2015
Thursday, December 11, 2014Wood Group says a largely-reimbursable order book and prospects will help provide it with relative resilience during 2015.

Odjfell Revenues, Profits Decline during 3Q
Wednesday, November 26, 2014Norway's Odfjell sees its revenues and profits fall amid a continued softening of demand for oilfield services.

UAE's TAQA Swings to Quarterly Profits; Pulls Out of Talks in Iraq, India
Wednesday, August 13, 2014Abu Dhabi National Energy Company (TAQA) swings into second-quarter profits and confirms a shift in its strategy.

ShaMaran Updates on Operations at Atrush Development in Kurdistan
Tuesday, July 22, 2014ShaMaran Petroleum updates on operations at the Atrush development in the Kurdistan Region of Iraq.

TAQA Sees Strong North Sea Production Growth
Wednesday, May 14, 2014Abu Dhabi National Energy Company sees 1Q production from its UK North Sea operation increase 118 percent.

N. America Impairment Pushes Abu Dhabi's TAQA into 2013 Loss
Tuesday, March 25, 2014Abu Dhabi National Energy posts a net loss of $687 million due to a write-down of its North American assets.

TAQA Restarts Production at its Harding Platform
Wednesday, March 05, 2014TAQA Bratani restarts production at its Harding platform in the UK North Sea.

TAQA Worker Dies after Falling from UK North Sea Platform
Thursday, February 27, 2014TAQA Bratani confirms that one of its workers has died after falling from the Harding platform in the UK North Sea.

UAE'S TAQA Says CEO Carl Sheldon To Step Down
Wednesday, February 26, 2014Abu Dhabi National Energy Company CEO Carl Sheldon steps down.

TAQA Gets Approval for Morrone UK North Sea Field Development
Monday, December 16, 2013Abu Dhabi National Energy Company receives approval from the UK to develop the Morrone field in the central North Sea.

TAQA Cuts 16% of HQ Staff
Thursday, December 12, 2013Abu Dhabi National Oil Company says it plans to shed 16 percent of its headquarters' staff in 2014.

TAQA's Moroccan Unit to Launch IPO Dec. 10
Tuesday, December 03, 2013Abu Dhabi National Energy Company gets the go-ahead to float its Moroccan power subsidiary Jorf Lasfar Energy.

TAQA: Major Projects on Schedule
Thursday, November 07, 2013TAQA 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.

UAE Govt-Owned Taqa Gets Kurdistan Oilfield All Clear
Monday, October 07, 2013Taqa receives approval from the Kurdistan Regional Government to develop the Atrush block.

AMEC Wins Cladhan Field Contract from TAQA
Friday, September 06, 2013Engineering firm AMEC wins contract to supply engineering services to the Tern platform in the North Sea’s Cladhan field.

Ithaca Production on Target for 2013
Tuesday, August 13, 2013Ithaca 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.

Abu Dhabi Energy Firm TAQA Swings To 2Q Loss
Wednesday, July 31, 2013TAQA swings to a loss in 2Q 2013 after a slump in income from its oil and gas business.

STATS Group Completes Isolation Project on Brent Pipeline
Tuesday, June 18, 2013STATS Group successfully completes an isolation project on TAQA Bratani's Brent pipeline in the Shetland Islands.

TAQA Completes Acquisition of North Sea Assets
Monday, June 03, 2013Abu Dhabi National Oil Company completes the acquisition of the Harding field and other North Sea assets from BP.

TAQA Gets Approval for Cladhan Development
Thursday, April 25, 2013TAQA Bratani receives approval from the UK government for its development plan for the Cladhan field in the North Sea.

Finalists Selected for UK O&G Safety Awards
Wednesday, March 27, 2013Several oil and gas firms and suppliers are up for seven gongs at 2013's UK safety awards.

Brent Pipeline System Restarts after 5-Day Shutdown
Thursday, March 07, 2013TAQA 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.

TAQA Reviewing Cormorant Alpha Situation after Second Leak
Monday, March 04, 2013TAQA 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.

TAQA Makes North Sea Oil Discovery
Sunday, February 17, 2013Abu Dhabi National Energy Co. says it has discovered oil at the new Darwin field in the North Sea off the coast of Scotland.

Argentina's YPF CEO Meets With UAE Oil Companies, Investors
Wednesday, February 06, 2013The 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.

Ops to Boost Causeway Production for February Finish
Friday, February 01, 2013Antrim 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.

Transocean Rig Arrives to Complete Timon Well
Friday, January 25, 2013Valiant Petroleum reports that Transocean John Shaw rig has arrived to finish drilling the Timon prospect in the UK North Sea.

TAQA Bratani Restores Oil Flow after Leak
Thursday, January 17, 2013TAQA says its North Sea subsidiary has begun the process of restoring crude oil flow in the Brent pipeline system, after a hydrocarbon leak Monday.

Cormorant Alpha Leak Shuts Down 10% of UK Production
Wednesday, January 16, 2013Oil & 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.

Taqa: North Sea Oil Platform Shut and Evacuated After Leak
Tuesday, January 15, 2013A North Sea oil platform has been shut and all non-essential workers are being removed after a leak was discovered, the operator said.

First Oil Produced from Cormorant East
Monday, January 14, 2013TAQA achieves first oil production from its North Sea Cormorant East field just 85 days after discovering the field.

Taqa Completes Purchase of Stake in Kurdish Energy Block
Wednesday, January 02, 2013Abu Dhabi National Energy Company (Taqa) announces that it has completed its $600 million purchase of a 53% stake in the Atrush block, Kurdistan.

Oilgen Completes Reservoir Modeling Contract for TAQA
Thursday, December 13, 2012Oilgen 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.

Graduate Focus for North Sea Oil and Gas Firms
Tuesday, December 04, 2012TAQA 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.

TAQA in $1.3B Deal to Buy BP North Sea Assets
Wednesday, November 28, 2012BP sells interests in several fields in the central North Sea to Abu Dhabi-owned TAQA.

TAQA Bratani's North Sea Contender Well Hits Oil
Monday, October 22, 2012Contender partners report that the Contender well has found 60 feet of net oil pay.

North Sea's Contender Well Spuds
Friday, August 24, 2012Contender well is being drilled by TAQA and is targeting the Jurassic Brent sequence.

TAQA Takes Stakes in North Sea
Tuesday, February 14, 2012TAQA announced two farm-in agreements with a subsidiary of Fairfield Energy Limited (Fairfield) for oil and gas licenses in the UK North Sea.