European business ‘robust’ despite steep drop in profits for Taqa
Taqa’s North Sea operation remained “robust” in the first quarter of the year, despite the wider oil firm experiencing a heavy dip in profits.
Abu Dhabi
Taqa North Sea boss ‘confident’ despite dent to earnings
A “natural decline” in production and unplanned outages halved earnings from Taqa’s European business in 2018.
Wood inks contract extension with Adnoc for Upper Zakum oil field project
Wood has secured a multi-million dollar contract extension from ADNOC Offshore for services to the UZ750 mega project offshore Abu Dhabi.
Eni to develop Abu Dhabi gas fields as emirate targets exports
Eni SpA won rights to develop major natural gas fields in Abu Dhabi, the company’s chief executive officer said, a deal that could help the Middle Eastern emirate become a net exporter of the fuel.
Huge onshore Abu Dhabi deal awarded to ABB
Digital technology firm ABB has announced a huge Abu Dhabi order of more than £60 million to service integrated automation, electrification and telecommunication at the Bab onshore field.
Total, Adnoc launch unconventional gas exploration programme
Total and Abu Dhabi National Oil Company (Adnoc) have agreed to launch an unconventional gas exploration programme.
Wood ties up contracts worth £40m with Adnoc Onshore
Energy service giant Wood has secured three new contracts worth more than £40 million with a subsidiary of Abu Dhabi National Oil Company (Adnoc).
Abu Dhabi to IPO Cepsa in deal of the decade
Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade.
Plans gather pace for Aberdeen-UAE gateway event
Plans are gathering pace for a new event which is set to link the north-east of Scotland with Abu Dhabi and the wider United Arab Emirates later this year.
OMV in $1.5bn deal for Abu Dhabi oil fields
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
BP squeezed out of Abu Dhabi offshore oil as China, Italy win
When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie. Surprisingly, that piece was snatched from one of the world’s largest energy conglomerates.
OMV poised to clinch Abu Dhabi concesssion
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.
Inpex buys stake in Abu Dhabi oil concession for $600m
The Abu Dhabi National Oil Company (Adnoc) has sold Japan's Inpex a 10% stake in the offshore Lower Zakum concession for $600million.
Abu Dhabi awards oil field stake to Cepsa for $1.5bn
Abu Dhabi awarded a second slice of its offshore oil concessions in as many weeks, this time to Spanish refiner and producer Cia Espanola de Petroleos SA for a $1.5 billion fee.
Indians pay $600m for stake in Abu Dhabi oil concession
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
Statoil among firms seeking stakes in Abu Dhabi offshore blocks
Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
Pilot ditched AW139 after oil temperature warning
An AgustaWestland helicopter was ditched in the Arabian Gulf after engine oil temperatures soared to dangerously high levels.
Lamprell completes Abu Dhabi rigs order
Lamprell has delivered the final jack-up drilling rig in a series of nine to Abu Dhabi’s National Drilling Company (NDC).
Economy Secretary to travel to Abu Dhabi on trade mission
Economy Secretary Keith Brown is to travel to the Middle East in a bid to boost overseas trade following the vote for Brexit.
Abu Dhabi merger to build oil producer dwarfing OPEC’s Libya
Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with more assets than ConocoPhillips.
Abu Dhabi plans merger of sovereign funds Mubadala and IPIC
Abu Dhabi is planning to merge two of its largest sovereign investment funds as the sheikhdom pursues a strategy of consolidation after the slump in oil prices.
Rigmar opens new Abu Dhabi office
Oilfield services specialist Rigmar Group is expanding its international operation with the opening of a new office in Abu Dhabi.
Adnoc said to be cutting 5,000 jobs
Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
Taqa reports $166m loss in first quarter
Abu Dhabi National Energy Co., which produces oil and natural gas from Canada to North Africa, reported a net loss for the first quarter as revenue declined because of lower crude and natural gas prices.
TAQA said to be mulling hiving off oil and gas assets
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.