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Monday, 20 May 2024 02:05 UAE time

YOUR DIRECTORY /

Abu Dhabi National Energy Company

Main Category: Electricity Supply
First Address : 55224
Second Address : Floor 7, ADWEA Research Centre, Jawazat Street
City : Abu Dhabi
Country : United Arab Emirates
Phone: 971 2 6914900
Fax: 971 2 6422555
Email: info@taqa.ae
Website: www.taqa.ae


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ALL STORIES LIST


TAQA sees $3bn refinancing by end '10 - CFO

Abu Dhabi's TAQA signed the $3.15bn, three-year revolving loan in August 2008

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TAQA buys Total's stake in North Sea Otter oil blocks

Otter oilfield lies next to other North Sea assets of Abu-Dhabi based energy company .

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Abu Dhabi TAQA to up stake in Dutch gas storage

TAQA signs deal for transfer of 24% in the Bergermeer Gas Storage project.

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TAQA posts 26% rise in Q2 net profit

Higher oil prices boost Abu Dhabi National Energy Co's profits, but they still fall short of expectations.

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TAQA agrees deal to take 40% stake in Oman's Sohar

Abu Dhabi energy company says deal for aluminium firm stake worth about $400m.

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TAQA posts big increase in Q1 profit

Abu Dhabi National Energy Company also announces 13% rise in Q1 revenues after increase in oil prices.

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Abu Dhabi's TAQA eyes local plant stake - report

Abu Dhabi National Energy Co eyes ADWEA stake in Fujeirah 2 plant - exec.

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Moody's downgrades seven UAE companies

Mubadala, IPIC, TDIC, TAQA, Etisalat, Dolphin Energy and Aldar all downgraded.

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UAE's TAQA sees North Sea output peaking in 2012

Energy company is steadily increasing output from maturing oil and gas fields.

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Abu Dhabi's Taqa shares slip after Q4 earnings

Abu Dhabi government owned utility made a net loss of $22.5m in 2009's Q4.

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Taqa profits plunge 90% on low commodities prices

Global slump in demand means Abu Dhabi oil giant is left counting the cost.

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TAQA posts 88% slump in Q3 net profit

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

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Taqa, Gazprom to invest in Netherlands gas project

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

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TAQA chief steps down due to firm's future direction

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

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TAQA chief executive leaves in shake-up

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

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Abu Dhabi's Taqa plans to build Iraqi power plant

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

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TAQA in talks to meet its $1bn Q4 target spend

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

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TAQA subsidiary completes $415m takeover

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

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Dutch gas storage project partners seek exit - sources

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

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UAE's Taqa buys North Sea oil blocks from Shell, Exxon

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

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Taqa, Gazprom agree on Dutch gas storage project

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

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Taqa says no plans for further buy back of bonds

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

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Taqa sees Q2 net profit plummet by 71%

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

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Abu Dhabi's TAQA has big plans for North Sea

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

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Abu Dhabi firm takes over North Sea Brent operation

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

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Taqa subsidiary buys Dutch oil firm for $404m

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

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UAE's Taqa eyes Iraq power as part of $1.5bn spend

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

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Taqa buys $65m Canadian gas land

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

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TAQA clashes with S&P over latest GRE ratings

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

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TAQA announces 89% fall in Q1 profit

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

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Taqa wins $1.2bn power plants deal in Morocco

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

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Taqa to invest $2.5bn in North Africa projects

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

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Mergers and aquisitions plummet in ME energy sector

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

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Abu Dhabi's Taqa in $320m deal with Japanese co

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

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Abu Dhabi's TAQA posts 76% rise in net profit

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

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Qatar index falls to new 5-year low

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

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TAQA buys into Caribbean power projects

Abu Dhabi company acquires 50% stake in ops in Jamaica, T&T, Bahamas, Curacao.

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Abu Dhabi's Taqa posts 45% lower Q4 net profit

Abu Dhabi National Energy Co earns $98.01m, at the lower end of forecasts.

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Abu Dhabi's Taqa buys back $71.4m worth own bonds

Gulf's energy company plans to cancel repurchased securities; maturity was 2036.

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Reaction plan

TAQA CEO Peter Barker-Homek explains how he plans for the future amid poor market visibility and wild fluctuations in oil prices.

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UAE's Taqa buys $364mn worth of own bonds

Mideast’s energy company buys its own bonds to cancel them - company statement.

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Abu Dhabi energy chiefs sign joint venture

TAQA forms new alliance to focus on North American investments.

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Taqa announces $631mn deal for oil fields

Abu Dhabi company's subsidiary completes purchase of seven fields in the North Sea.

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Taqa to take majority stake in US power plant

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

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Taqa CEO warns of oil price spike in '09

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

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Abu Dhabi’s global quest

Written off as too ambitious 12 years ago, the Emirate's investment vehicles have taken the industry by storm.

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Taqa chief says oil price drop won't impact plans

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

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Taqa announces huge 448% jump in Q3 profit

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

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Taqa sells power stakes to Japanese firm

Abu Dhabi National Energy Company makes announcement on stock exchange.

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Taqa snaps up North Sea oil fields

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

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Taqa approves $572mn capital boost

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

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Dark days ahead?

The Gulf faces a power shortage of unprecedented proportions, due to rapid growth in consumption.

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Power player

TAQA CEO Peter Barker-Homek on how the company is set to splash out $5bn before the end of the year.

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Credit crunch may hold back Taqa expansion

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

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TAQA predicts bumper H2 earnings

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

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TAQA profit surges 154% in Q2

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

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TAQA heads north

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

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Taqa expands reach into Europe

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

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Taqa confirms Moroccan energy plans

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

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Taqa plans $5bn in deals this year - CEO

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

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UAE's Taqa to sell $1.13bn in bonds

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

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UAE looks to boost Spanish economic ties

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

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Taqa earnings soar six-fold

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

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UAE's Taqa to sell $1.13bn of convertible bonds

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

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Taqa plans $1.1bn bond sale

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

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Taqa eyes $2bn power investment in North America

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

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Abu Dhabi to tap subcontinent energy market

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

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Pure purchasing power

Overall merger and acquistion levels in the oil and gas industry held up throughout 2007, despite the impact of the credit crunch.

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Fuelling the future

Peter Barker-Homek tells Edward Poultney how he plans to triple TAQA's value over the next five years.

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TAQA closes deals and keeps execs

The Abu Dhabi National Energy Company continues its international expansion.

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TAQA results reflect 2007 as breakthrough year

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

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Taqa catapults on foreign buyouts

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

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TAQA, NPC agree joint work

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

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TAQA pioneers Canada deal

Abu Dhabi energy subsidiary group finalises Pioneer Resources purchase.

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TAQA's $5bn purchase gets Canada's approval

Abu Dhabi's energy firm's purchase of PrimeWest Energy Trust gets regulatory clearance.

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TAQA planning $6bn bond sale

Funds to pay for recent $10.5bn buying spree that includes Canadian energy firms Northrock and Pioneer.

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TAQA to make 'significant' Saudi investment

Abu Dhabi energy firm agrees with National Power to invest in power and water sector.

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Growth strategy

Peter Barker-Homek has put Abu Dhabi National Energy Company on the acquisition trail.

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Taqa aims to raise $2bn for acquisitions

Abu Dhabi National Energy Company looks to extend its multi-billion dollar acquisition spree.

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Taqa plans US bond issue

Abu Dhabi National Energy Company to sell a benchmark-sized bond to help pay for $8bn in acquisitions.

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Taqa's Canadian takeover to escape scrutiny

Industry Minister Prentice says acquisition of PrimeWest not subject to security test.

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Energy and power

CEO Peter Barker-Homek on TAQA's acquisitions and its efforts to become a global energy company.

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Another foreign firm snaps up UAE utilities

Japanese trading house Marubeni agrees to buy 40% of Emirates CMS Power for $140mn.

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Taqa buys Canada's PrimeWest for $4bn

Abu Dhabi National Energy agrees biggest ever North American takeover by UAE company.

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The $16bn start-up

In its two-year history, Taqa has grown from a local utilities group to a major player in the global energy investment scene.

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TAQA’s revenues increase by 90%

The Abu Dhabi National Energy Company (TAQA), the Gulf's second-largest utility firm by market value, has revealed its financial results for the first half of 2007, with revenues increasing by some 90% to US$771million, compared with US$405 million for the same period last year.

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Taqa buys Canadian firm for $540mn

Purchase of Pioneer Canada will boost the Abu Dhabi energy firm's oil and gas reserves by 59 million barrels.

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Taqa eyes further acquisitions

Abu Dhabi energy company looking at acquisitions in North America following its purchase of Northrock.

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Taqa names interim CFO

Abu Dhabi National Energy Co expands senior management team with financial appointment.

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TAQA hits record energy profits

The Abu Dhabi National Energy Company (TAQA), a global energy investment company, has revealed impressive financial results for the first half of 2007, with revenues increasing 90% to US$771m, compared with US$405m for the same period last year.

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TAQA revenues up 90%

TAQA announces stellar profits for the first half of this year.

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Taqa eyeing Canadian power plants

Abu Dhabi energy giant looking at buying existing power plants and developing new generation capacity.

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Taqa eyes Canadian power market

The Abu Dhabi National Energy Co. is looking to Canada's power sector as part of its ambitious expansion plans.

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TAQA talks up plans for spending

Abu Dhabi National Energy (TAQA) is on the hunt for more investment funding.

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Saudi WEC issues RFP

The Saudi Water and Electricity Company (WEC) has issued a request for proposal (RFP) for its independent power and water project (IWPP) at Ras Az Zawr.

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Taqa eyes $9 bn expansion

Abu Dhabi National Energy will sell $9bn of bonds to finance foreign acquisitions.

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No Taqa foreign ownership in '07

Abu Dhabi National Energy will not widen its shareholder base internationally for at least a year.

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TAQA may open shares to foreigners

The energy giant will join ten other Abu Dhabi companies on an international marketing trip.

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Taqa to expand further in Canada

The Abu Dhabi energy company eyes further acquisitions following its $2bn purchase of Northrock.

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Taqa snaps up Canadian firm for $2bn

Acquisition gives Abu Dhabi National Energy Company a solid foothold in the country's energy market.

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Abu Dhabi Taqa's Q1 revenue surges

The Gulf's second-largest utility by market value reports a first-quarter revenue of $286m.

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Ras Az Zawr candidates announced

The Saudi Water and Electricity Company has listed the names of the 23 companies and consortia to have bid for the water and power project.

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TAQA tops record year

The Abu Dhabi National Energy Company's total assets exceeded $13.6bn last year.

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TAQA putting more work into Europe

The Abu Dhabi National Energy Company (TAQA) has plans for one of its European companies, TAQA Energy BV, to become more involved with the region's energy sector.

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TAQA completes deal

TAQA has announced it has officially started managing its newly acquired BP Netherlands gas exploration and production assets.

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TAQA continues international spending

TAQA energy has continued to invest in international oil industry operators, agreeing the purchase of Talisman Energy's non-operated Brae assets in the North Sea.

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TAQA expansion via acquisition starts

The Abu Dhabi National Energy Company (TAQA) has begun a US $3.5 billion spending spree aimed at expanding its international influence in the energy industry.

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TAQA puts US $3.5b in acquisitions kitty

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