Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.
Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border, its Ministry of Natural Resources said in a statement on Saturday.
The US launched ai
Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday.
The official, who
Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, posted a 158-percent jump in first-quarter net profit on Wednesday as revenue from its oil and gas business soared.
Taqa, 75 percent owned
Abu Dhabi National Energy Co (Taqa) is due to price a $750 million bond with a 10-year lifespan on Tuesday, arranging banks said, with interest from investors covering the size of the transaction more than three times.
Abu Dhabi energy company Taqa said on Wednesday it had started injecting natural gas into its partially built Bergermeer storage facility in The Netherlands.
Europe is seeking to diversify its energy supplies away from Russia and
Abu Dhabi National Energy Co's (Taqa) capital expenditure for 2014 will be between $2 billion and $2.5 billion, the company's chief executive said on Tuesday.
Carl Sheldon said this would be "a little less than in 201
A consortium led by Abu Dhabi National Energy Co (Taqa) has agreed to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures in a deal worth about $1.6 billion, Taqa said on Sunday.
The group will spend $616 mill
A consortium led by Abu Dhabi National Energy Co (Taqa) has agreed to buy two hydroeletric power plants in India from Jaiprakash Power Ventures for about $616 million, Taqa said on Sunday.
State-run Taqa, with a 51 percent stake i
A group led by Abu Dhabi National Energy Company (Taqa) is looking to buy two hydropower plants owned by India-based Jaiprakash Power Ventures in a deal worth about $2 billion, according to sources.
The Indian company said its boa