Abu Dhabi National Energy Company

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Recent Articles

• TAQA posts 88% slump in Q3 net profit11 November 2009

  UPDATE 2: Vice chairman says new committee has been set up to oversee strategy.

• Taqa, Gazprom to invest in Netherlands gas project21 October 2009

  Construction is set to begin next year with the facility to begin operations in 2013.

• TAQA chief steps down due to firm's future direction17 October 2009

  Peter Barker-Homek says his decision to leave, his vision for firm differed from board.

• TAQA chief executive leaves in shake-up16 October 2009

  Peter Barker-Homek steps down at Abu Dhabi energy company as part of management changes.

• Abu Dhabi's Taqa plans to build Iraqi power plant15 October 2009

  National energy firm also expecting strong third quarter growth this year - CEO.

• TAQA in talks to meet its $1bn Q4 target spend5 October 2009

  Abu Dhabi energy firm in talks with three companies to meet target, its CEO says.

• TAQA subsidiary completes $415m takeover1 October 2009

  Unit of Abu Dhabi National Energy Company completes deal for oil, gas firm.

• Dutch gas storage project partners seek exit - sources28 September 2009

  Reported disagreement with partner, Abu Dhabi's TAQA, on how to take project forward.

• UAE's Taqa buys North Sea oil blocks from Shell, Exxon3 September 2009

  Abu Dhabi National Energy Co buys four exploration blocks in Britain's North Sea.

• Taqa, Gazprom agree on Dutch gas storage project22 August 2009

  Abu Dhabi National Energy Co & Russian firm to jointly develop gas storage project.

• Taqa says no plans for further buy back of bonds17 August 2009

  CFO of Abu Dhabi National Energy Co says less incentive due to market recovery.

• Taqa sees Q2 net profit plummet by 71%13 August 2009

  UPDATE 1: Abu Dhabi National Energy Co CEO upbeat about future as oil price lifts.

• Abu Dhabi's TAQA has big plans for North Sea7 August 2009

  TAQA Bratani plans to buy up mature oilfields & greatly increase their efficiency.

• Abu Dhabi firm takes over North Sea Brent operation3 August 2009

  UK arm of Taqa will replace Shell UK Exploration and Production from Aug 1.

• Taqa subsidiary buys Dutch oil firm for $404m29 July 2009

  Deal for three pipelines and 20 producing oil and gas fields in Dutch North Sea.

• UAE's Taqa eyes Iraq power as part of $1.5bn spend7 July 2009

  CEO sees up to $250m being spent in Iraq initially, more later as security improves.

• Taqa buys $65m Canadian gas land5 July 2009

  Firm buys 10,000 hectares of land containing shale gas in Horn River, local press reports say.

• TAQA clashes with S&P over latest GRE ratings1 July 2009

  Abu Dhabi energy giant terminates relationship with ratings agency Standard & Poor's.

• TAQA announces 89% fall in Q1 profit14 May 2009

  Abu Dhabi National Energy Company says profit slide due to decline in oil, gas prices.

• Taqa wins $1.2bn power plants deal in Morocco12 May 2009

  Abu Dhabi National Energy Co to design, finance, build and run plants.

• Taqa to invest $2.5bn in North Africa projects30 March 2009

  Abu Dhabi National Energy Co may bag 300MW wind farm project deal in Morocco.

• Mergers and aquisitions plummet in ME energy sector23 March 2009

  Value of ME oil and gas firm M&As plunged by over one third in 2008 against 2007.   

• Abu Dhabi's Taqa in $320m deal with Japanese co23 March 2009

  Energy co seals deal for 50% stake in existing Caribbean portfolio of Marubeni. 

• Abu Dhabi's TAQA posts 76% rise in net profit19 March 2009

  Energy company also sees revenues up by 102% but takes oil, gas price hit in Q4.

• Qatar index falls to new 5-year low1 March 2009

  Industries Qatar leads stock market to new 5-year low amid gloomier prognosis for global economy.