Monday 29 December 2014
 
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Abu Dhabi National Energy

Taqa swings to H1 loss on operational issues

Abu Dhabi National Energy Company (Taqa) has reported a net loss of Dh66 million ($17.9 million) in the first half of the year as against a profit of Dh981 million for the same period of 2012 on operational issues. For the second

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Taqa aims for first oil from N Sea in Q1 2015

Britain has approved plans by Abu Dhabi National Energy (Taqa) to develop part of the Cladhan field in the UK North Sea, with first oil expected in early 2015, the company said in a statement on Wednesday. Cladhan is expected to p

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Taqa sees 2012 capex at $2.2bn

Abu Dhabi National Energy Company (Taqa) expects to increase capital spending to between $2.0 billion to $2.2 billion this year as it pushes ahead with expansion plans. Taqa, which is 75-per cent owned by the government of Abu Dhabi, spent

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Taqa eyes $1bn from bond sale

State-run Abu Dhabi National Energy Co (Taqa) aims to raise at least $1 billion from a two-tranche bond sale pricing on Monday, lead arrangers said, to help refinance debt maturing next year. Taqa, which is 75 percent owned by the governme

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Taqa buys Total's stake in N Sea oil blocks

Abu Dhabi National Energy Co (Taqa) said on Wednesday it bought Total SA's entire 81 percent stake in production licences for two blocks in the North Sea Otter oilfield.    The deal is one of a series of recent acquisitions

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Taqa plans to spend $1.4bn on new projects

Abu Dhabi National Energy Co (Taqa) plans to spend $1.4 billion on five capital projects this year as the state-owned utility shifts its focus from acquisitions to internal growth, its general manager said. Carl Sheldon also said the compa

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Taqa Q1 profit falls 90pc

Falling oil and gas prices helped to push net profit at Abu Dhabi National Energy Company (Taqa), a leading energy investment company, down 90 per cent to Dh40 million ($10.89 million) in the first quarter, the company said. Oil and gas re

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Taqa signs $3.15bn refinancing loan

Abu Dhabi-based Taqa has signed a $3.15 billion, three-year revolving credit via initial mandated lead arrangers and bookrunners. The arrangers include Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, HSBC, National Bank of Abu Dhabi a

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Taqa to invest $1.46bn to boost NSea output

Abu Dhabi National Energy Co (Taqa) will invest 750 million pounds sterling ($1.46 billion) over three years to boost oil output from North Sea operations, it said. ’Over the next year we will establish a UK operation in England with 400 t

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Taqa Q2 profit soars on acquisitions

Abu Dhabi National Energy Co (Taqa) posted a 154-per cent jump in second-quarter net profit to 471 million dirhams ($128.2 million) boosted by foreign acquisitions and high oil prices. Revenues in the three months to June 30 jumped 155.6 p

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