Tuesday 31 May 2016
 
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Taqa

Taqa swings to Q1 net loss of $165m

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to a first-quarter net loss, it said on Wednesday. Taqa, majority-owned by Abu Dhabi's government, made a net loss attributable to equ

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Taqa 'considering bond issue'

Abu Dhabi National Energy Company (Taqa) is the latest entity from the region considering an international bond, according to several sources. The company sent an RFP to banks recently, which was due on May 8. If Ta

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Taqa 'considering bond issue'

Abu Dhabi National Energy Company (Taqa) is the latest entity from the region considering an international bond, according to several sources. The company sent an RFP to banks recently, which was due on May 8. If Ta

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Abu Dhabi Taqa 'not in talks to sell assets'

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. Reuters rep

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Taqa mulls sale of overseas oil, 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, sources told Reuters.

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Taqa slashes 2016 capital expenditure

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

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Taqa Q4 loss narrows to $332m

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

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Taqa files for sale of US wind power asset

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

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Taqa sees new projects aiding revenues, cutting capex

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.

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Taqa swings to Q3 net loss of $113m

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

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