Taqa to sell more shares following deal to create utility giant
Abu Dhabi’s Taqa plans to sell more shares after completing an asset-transfer deal with its parent, government-owned ADPower, that creates a utility giant in the Gulf Arab region.
Abu Dhabi
Oxy eyes Middle East sales to tackle debt
Occidental Petroleum is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Abu Dhabi said to near pipeline deal with GIP-backed group
Abu Dhabi’s state-owned energy producer is close to selling a multibillion-dollar stake in its natural gas pipelines to an investor group backed by Global Infrastructure Partners and Brookfield Asset Management Inc., in what is set to be one of the year’s biggest infrastructure deals.
GMS sees off Seafox, allies with Zakher
Gulf Marine Services (GMS) has announced a framework agreement with Zakher Marine International, another operator of self-propelled self-elevating support vessels (SESVs) in the Middle East.
Dubai, Abu Dhabi go head to head in solar pricing
Dubai Electric and Water Authority (DEWA) has awarded the fifth phase of a solar park project to a consortium led by ACWA Power claiming a new record price.
Abu Dhabi in talks With EDF, Jinko to install huge solar farm
A pairing of Electricite de France’s renewables arm and China’s Jinko Solar is the lead bidder to build a solar farm larger than 4,200 soccer pitches that would supply power at what could be record-low prices.
ADNOC launches offshore power network tender
ADNOC and ADPower have launched a joint tender for a subsea power transmission network, connecting offshore production facilities to the onshore power grid.
GIP consortium to seek $8 billion loan for ADNOC deal
An investor group backed by Global Infrastructure Partners and Brookfield Asset Management is seeking a loan of about $8 billion to finance the potential purchase of a stake in ADNOC’s natural gas pipelines, according to people with knowledge of the matter.
Petrofac loses Dalma work from ADNOC
Abu Dhabi’s ADNOC has terminated two contracts for Petrofac’s joint venture on the Dalma gas development worth $1.65 billion.
Taqa’s North Sea boss predicts ‘challenging year ahead’
The boss of Taqa’s North Sea business has predicted a “challenging year” ahead as the Abu-Dhabi oil firm publishes its 2019 results.
MENA’s chance at hydrogen exports
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Petrofac wins contracts worth £1.3billion for Abu Dhabi ‘mega project’
Petrofac has been awarded two contracts worth a combined £1.3billion for a “mega project” near Abu Dhabi.
Abu Dhabi to develop major gas find with Dubai
Abu Dhabi National Oil Co. (ADNOC) and the Dubai Supply Authority (DUSUP) have signed an agreement to develop the Jebel Ali project, a shallow gas find.
Reasons for optimism: Taking stock of carbon reduction achievements and possibilities
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
APICORP alarmed on declining MENA gas spend
Gas investments in the Middle East and North African (MENA) region are declining, according to a report from Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP).
Wellpro lines up Middle East, Asia focus
Wellpro Group struck a deal to enter the Middle East in May, with an aim for leveraging an existing footprint to speed the way.
ADNOC’s all-seeing machine
A thorough understanding of the present is essential for ADNOC to make plans for the future, the company’s senior vice president for digital Abdul Nasser Al Mughairbi told Energy Voice on the sidelines of the ADIPEC conference.
Abu Dhabi Aviation keeps faith with Leonardo helicopters
Italian firm Leonardo will supply Abu Dhabi Aviation (ADA) with five helicopters, including three intermediate AW139s and two light-intermediate AW169s.
Churchill’s small company advantage
Nimbleness and responsiveness to client needs are seen as at the heart of Churchill Drilling Tool’s appeal to operators seeking downhole circulation support, the company’s manager for the Middle East and Asia Nicholas Kjaer has said.
Abu Dhabi minister highlights efficiency, emissions
Forecasts for future demand and supply may fluctuate, but cutting costs and increasing efficiency will serve Abu Dhabi in the long term, Minister of Energy and Industry Suhail Al Mazroui said during a panel discussion at ADIPEC.
Petrofac wins work at UAE’s Haliba field
Energy services firm Petrofac has won work at the Haliba field in the United Arab Emirates (UAE).
Opec+ takes deeper production cuts off the agenda at Abu Dhabi meet
Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.
Taqa hails strong UK performance in first half of 2019
Taqa’s European boss said robust production at its UK assets underpinned a strong first half of the year.
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.