Monday 2 May 2016
 
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Taqa

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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Taqa starts selling power from India hydro project

Abu Dhabi National Energy Company (Taqa) has begun selling electricity from its hydro power project in north India, which will provide another revenue stream for the company which has been hit by low oil prices. The state-controll

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Taqa swings to $114.7 million loss in Q2

Abu Dhabi National Energy Company (Taqa), the state-controlled oil explorer and power supplier, swung to a net loss of Dh421 million ($114.7 million) in the second quarter as revenues from oil and gas nearly halved, hit by lower prices.

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Taqa close to signing $3.1bn loan

Abu Dhabi National Energy Company (Taqa) is close to completing a $3.1 billion five-year loan which will be used to consolidate existing debts into a new, lower-cost facility, three sources aware of the matter told Reuters on Wednesday.

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ME lenders struggle with falling loan pricing

The reluctance of local lenders to join the $3 billion loan for Abu Dhabi National Energy Company (Taqa), which is in general syndication, is highlighting how previously liquid local Middle East banks are being priced out of the market as low oi

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