Abu Dhabi National Energy Company

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Recent Articles

• Taqa to take majority stake in US power plant24 November 2008

  Abu Dhabi energy firm to take 85% stake with US, British partners, also eyeing Iraq.

• Taqa CEO warns of oil price spike in '0918 November 2008

  Barker-Homek says oil could hit $200 by year-end if recent price slump continues into next year.

• Taqa chief says oil price drop won't impact plans30 October 2008

  Abu Dhabi National Energy Company boss upbeat despite slide in oil prices.

• Taqa announces huge 448% jump in Q3 profit30 October 2008

  Abu Dhabi National Energy Company posts third quarter profit of $196mn.

• Taqa sells power stakes to Japanese firm29 September 2008

  Abu Dhabi National Energy Company makes announcement on stock exchange.

• Taqa snaps up North Sea oil fields24 September 2008

  Abu Dhabi-controlled firm acquires three oil and gas blocks from Calgary-based Cirrus Energy.

• Taqa approves $572mn capital boost10 September 2008

  Capital increase will allow Abu Dhabi-controlled energy firm to convert recent bond issue into shares.

• Credit crunch may hold back Taqa expansion12 August 2008

  INTERVIEW: CEO raises questions over whether firm will hit target of $60bn in assets by '12.

• TAQA predicts bumper H2 earnings7 August 2008

  INTERVIEW: Profit to exceed H1 as revenues from recent acquisitions come online, chief executive says.

• TAQA profit surges 154% in Q27 August 2008

  Abu Dhabi energy firm earnings touch $128.2mn, boosted by acquisitions and record oil prices.

• TAQA heads north9 July 2008

  Abu Dhabi energy fund agrees purchase of North Sea oil fields.

• Taqa expands reach into Europe7 July 2008

  Abu Dhabi National Energy Co buys Shell, ExxonMobil northern North Sea equity interests.

• Taqa confirms Moroccan energy plans15 June 2008

  Abu Dhabi National Energy to bid for wind farm project in North African country.

• Taqa plans $5bn in deals this year - CEO11 June 2008

  UPDATE 1: Abu Dhabi National Energy working on four deals, including joint venture with major US utility firm.

• UAE's Taqa to sell $1.13bn in bonds 10 June 2008

  UPDATE 1: Abu Dhabi energy firm's board approves plan to sell bonds, primarily to shareholders.

• UAE looks to boost Spanish economic ties26 May 2008

  Spanish king holds talks with Sheikh Khalifa during state visit to Gulf state.

• Taqa earnings soar six-fold30 April 2008

  Abu Dhabi energy company posts profit of $108.1mn in Q1, adding revenue from PrimeWest buyout.

• UAE's Taqa to sell $1.13bn of convertible bonds17 April 2008

  Abu Dhabi National Energy Company to raise funds for foreign acquisitions.

• Taqa plans $1.1bn bond sale8 April 2008

  Abu Dhabi-controlled energy firm to sell convertible bonds to finance recent acquisition spree.

• Taqa eyes $2bn power investment in North America7 April 2008

  Abu Dhabi energy firm looking at acquiring 2,000 MW of capacity, chief exec says.

• Abu Dhabi to tap subcontinent energy market26 March 2008

  Taqa and Oasis International Power agree to build power and water plants.

• TAQA closes deals and keeps execs8 February 2008

  The Abu Dhabi National Energy Company continues its international expansion.

• TAQA results reflect 2007 as breakthrough year5 February 2008

  Annual profits soar 107% on the back of massive global expansion.

• Taqa catapults on foreign buyouts31 January 2008

  State-controlled Abu Dhabi National Energy Company announces record profits after $10bn in buyouts last year.

• TAQA, NPC agree joint work8 December 2007

  Possible joint developments on the cards between UAE and Saudi Arabian power players.