Abu Dhabi National Energy Company (Taqa) said on Wednesday that it is not in talks with any entity to sell its oil and gas assets.
The brief statement to Abu Dhabi's stock exchange did not elaborate.
Abu Dhabi National Energy Co is considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity as it focuses on its core business of power generation and water production, sources told Reuters.
Abu Dhabi National Energy Company (Taqa) has slashed its proposed capital expenditure for 2016 despite reporting on Thursday a narrower fourth-quarter loss, as the company is impacted by lower oil prices.
Global oil firms have bee
Abu Dhabi National Energy Co (Taqa), the state-controlled oil explorer and power supplier, reported on Thursday a narrower fourth-quarter loss according to Reuters calculations as it continued to be weighed by the impact of lower hydrocarbon pri
Abu Dhabi National Energy Company has filed with US energy regulators to sell its stake in the Lakefield wind power plant in the US state of Minnesota, a spokesperson for the company said on Wednesday.
The filing asks for authoris
Abu Dhabi National Energy Company (Taqa) expects its new projects coming on stream this year and next will lift revenues while capital expenditure reduces to offset the impact of low oil prices, its chief financial officer (CFO) said.
Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, swung to a net loss in the third-quarter, it said on Wednesday, as revenues were hit by weak oil prices.
Taqa, 75 per cent owned by the gov
Abu Dhabi National Energy Company (Taqa) has begun selling electricity from its hydro power project in north India, which will provide another revenue stream for the company which has been hit by low oil prices.
Abu Dhabi National Energy Company (Taqa), the state-controlled oil explorer and power supplier, swung to a net loss of Dh421 million ($114.7 million) in the second quarter as revenues from oil and gas nearly halved, hit by lower prices.
Abu Dhabi National Energy Company (Taqa) is close to completing a $3.1 billion five-year loan which will be used to consolidate existing debts into a new, lower-cost facility, three sources aware of the matter told Reuters on Wednesday.