Company News
TAQA
TAQA Secures Greater Brae Area (GBA) Operatorship (17 January 2020)TAQA has been appointed operator of the Greater Brae Area (GBA) in the central North Sea, subject to obtaining the consent of the Oil & Gas Authority (OGA).
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ADPower, TAQA Sign MOU with France’s EDF (14 January 2020)
Abu Dhabi Power Corporation (ADPower) and Abu Dhabi National Energy Company (TAQA) announced the signing of a Memorandum of Understanding (MoU) with Electricite De France (EDF Group) to explore the establishment of a training and development program for UAE nationals.
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Saudi Arabia’s TAQA & AlMansoori Petroleum Services Announces New Agreement To Penetrate The Hydraulic Fracturing Market In KSA (14 January 2020)
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS).
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TAQA Secures US$3.5 Billion Revolving Credit Facility (23 December 2019)
Abu Dhabi National Energy Company, TAQA, announced today that it has secured a US$3.5 billion revolving credit facility.
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TAQA Successfully Completes Refinancing Of Group-Level RCF (23 December 2019)
Commenting on the news, Mohammed Al Ahbabi, Chief Financial Officer of TAQA, said: "TAQA’s funding exercises continue to be met with strong levels of interest from investors and lenders alike.
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TAQA Exceeds Monthly Production Target Of 1 Million Barrels Of Oil In Kurdistan Region Of Iraq (21 August 2019)
Abu Dhabi National Energy Company PJSC (TAQA) announced today that its subsidiary, TAQA Atrush B.V. (TAQA Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq.
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TAQA Records 5% Revenue Growth In H1 2019 To Reach AED9 Billion (8 August 2019)
Abu Dhabi National Energy Company announced today its financial results and operational highlights for the six-month period ending June 30, 2019.
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TAQA Records AED 4.3 Billion Of Revenue In Q1 2019 (9 May 2019)
TAQA’s oil and gas division achieved production for the first quarter of 2019 of 126.7 mboe/d, a slight increase compared to 123.8 mboe/d in Q1 2018.
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TAQA Reports Strong Performance For 2018 With AED 398mn In Profit And AED 4bn Reduction In Debt (21 March 2019)
The Company reduced its total debt by AED 4.0 billion, and reduced interest paid by AED 163 million during 2018. The robust financial performance has resulted in improved leverage ratios where Net Debt-to-EBITDA multiple improved to 6.5 from 7.3 the year before.
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TAQA To Have 10 Per Cent Renewables In Portfolio By 2030 (17 January 2019)
Abu Dhabi National Energy Company, TAQA, will have 10 per cent of its portfolio generated from renewable energy sources by 2030, as it looks to expand its footprint in the Middle East, North and sub-Saharan Africa, according to a senior official.
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