4 March, 2010, Abu Dhabi, UAE - The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that Moody’s Investors Service has downgraded its corporate credit rating of TAQA from Aa2 (review for downgrade) to A3 (stable).
Preliminary Financial Results for the Year 2009
TAQA delivers full year profit during challenging business environment
Well positioned to develop substantial organic growth opportunities
Significant operational progress made in the UK and Dutch sectors of the North Sea and on the Bergermeer Gas Storage Project
Nine month 2009 downstream revenues increased 13% over the same period in 2008
Upstream revenues impacted by lower year-on-year oil and gas prices
ABU DHABI, UAE, 09 November, 2009 – The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that it will release its Third Quarter 2009 Financial Results for the period to 30 September 2009 before market open on Wednesday, 11 November, 2009. In conjunction with the financial results release there is a scheduled conference call and audio webcast at 16:00 hrs (UAE time) on Wednesday, 11 November, 2009.
ABU DHABI, ABERDEEN, [27 October 2009] – TAQA Bratani, (the UK arm of the Abu Dhabi National Energy Company PJSC), today announced production from its first new North Sea oil well. The well was drilled from the TAQA Bratani operated North Cormorant platform and was completed safely, on time and within budget.
Alkmaar 21 October 2009 – The Bergermeer Gas Storage Consortium and Gazprom export today announced the Final Investment Decision (FID) on the Bergermeer Gas Storage investment programme.
16th October, 2009, Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced a restructuring of its senior management team, as the Company moves into a new phase of development
Abu Dhabi, October 05, 2009: TAQA (Abu Dhabi National Energy Company {PJSC}), a global energy company with a growing asset base of over AED 90 billion (US$ 24.5 billion) and one of the largest companies listed on the Abu Dhabi Securities Exchange (ADX) announces awarding a large 5 year contract to Wipro Limited, a leading provider of IT and business transformation services to set up a dedicated Offshore Development Centre.
Abu Dhabi / The Hague, 1 October 2009 – The Abu Dhabi National Energy Company PJSC (TAQA) today announced that its wholly owned subsidiary, TAQA Energy B.V. (TAQA Energy), has completed its EUR 285 million acquisition of 100% of the share capital of DSM Energie Holding B.V. (DSM Energy) from Netherlands based Life Sciences and Materials Sciences company Royal DSM N.V.
Abu Dhabi, UAE, September 14, 2009- Abu Dhabi National Energy Company (“TAQA”) went into agreement today to offset all their greenhouse gases caused by the company’s business air travels starting from January 2009.
ABU DHABI, UAE, and ABERDEEN, UK, [Thursday September 3rd] – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that its wholly owned subsidiary, TAQA Bratani Limited (TAQA Bratani), has completed an acquisition of four exploration blocks in the Northern North Sea from Shell U.K. Limited and Esso Exploration and Production (UK) Limited (“the Vendors”). The sale completed for an undisclosed consideration.
Gazprom signs agreement for Bergermeer Gas Storage project
Gazprom to provide cushion gas in exchange for working capacity and participating interest in Europe’s largest new gas storage facility
Amsterdam, 20 August 2009 – The Bergermeer Gas Storage project consortium, consisting of EBN, Dyas B.V., Petro-Canada and operator TAQA Energy B.V., a subsidiary of The Abu Dhabi National Energy Company PJSC (TAQA),
TAQA Second Quarter and First Half 2009 Financial Results
Strong performance of Downstream business and increased capacity partially offsets weaker year-on-year commodity prices
Improving commodity price trend boosts quarter-on-quarter performance
NOTICE OF RESULTS FOR ABU DHABI NATIONAL ENERGY COMPANY PJSC (“TAQA”)
• TAQA to announce Q2’09 results on 13 August, 2009
• Conference call and webcast on 17 August, 2009
ABU DHABI, UAE, 11 August, 2009 – The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA),
Taqa takes over as operator of the nothr sea brent system.
ABERDEEN, [4 AUGUST 2009] – TAQA Bratani Limited, the UK arm of the Abu Dhabi National Energy Company PJSC (TAQA), announces today it is the new operator...
TAQA acquires 15% interest in North Sea Assets and is appointed platform operator
Abu Dhabi / The Hague, 4 August 2009 – The Abu Dhabi National Energy Company PJSC (TAQA) today announced that it’s wholly owned subsidiary, TAQA Energy B.V. (TAQA Energy), has acquired a 15%
TAQA Expands North Sea Upstream and Midstream Positions with Purchase of DSM Energy
Abu Dhabi / The Hague, 29 July 2009 – The Abu Dhabi National Energy Company PJSC (TAQA) today announced that its wholly owned subsidiary, TAQA Energy B.V. (TAQA Energy), has reached an agreement with Netherlands based Life Sciences and Materials Sciences company Royal DSM N.V., to purchase 100% of the share capital of its wholly owned subsidiary DSM Energie Holding B.V. (DSM Energy).
ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA) - CLARIFICATION
ABU DHABI, UAE, 14 July 2009 – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today confirmed that contrary to media reports TAQA is not currently marketing any bond offering.
TAQA joins initiative to fight corruption
by supporting Transparency International
Abu Dhabi, UAE, 13 July, 2009- TAQA has recently joined global efforts to improve transparency and accountability by supporting the work of Transparency International (TI), the global civil society organization leading the fight against corruption.
ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA) TERMINATES RELATIONSHIP WITH STANDARD & POOR’S
ABU DHABI, UAE, [1 July 2009] – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that it has terminated its relationship with Standard & Poor’s (“S&P”) effective 30 June 2009. This decision follows an internal review of the new ratings methodology for Government-Related Entities (GRE) published by S&P.
TAQA NORTH Acquires Land in Horn River Basin
CALGARY, ALBERTA, CANADA, June 30, 2009: - TAQA NORTH, a subsidiary of the Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, has acquired two large land blocks in the highly prospective Horn River Basin in Northeastern British Columbia.
The sale represents the last substantial blocks of land available in the basin. Ten large blocks were made available to industry in the sale.
OPENING OF THE BIDS IN PUBLIC MEETING
This Request For Proposal SP 444 870 is issued jointly by the Office National de l''''''''''''''''Electricité ("ONE") and Jorf Lasfar Energy Company ("JLEC") for the purpose of carrying out the design, the material and equipment procurement, the construction, the testing and the commissioning of two new coal-fired units, each with a gross capacity of 350 MW (hereafter referred to as the "Project").
TAQA First Quarter 2009 Financial Results
Significant increase in oil & gas production and net power generation capacity
AED 4.2 billion revenues and AED 40 million net profit
14th May, 2009, Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today reported financial results for the first quarter of 2009.
ABU DHABI, UAE, 12 May, 2009 – The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that it will release its First Quarter 2009 Financial Results for the period to 31 March 2009 before market open on Thursday, 14 May, 2009. In conjunction with the financial results release there is a scheduled conference call and audio webcast at 16:00 hrs (UAE time) on Thursday, 14 May, 2009.
Alkmaar, 11 May 2009 – The independent Netherlands Commission for Environmental Assessment (‘the Commission’) today issued its advice for the Environmental Impact Report (EIR) submitted by TAQA Energy B.V. (‘TAQA Energy’) on behalf of the Bergermeer Project Consortium. The Commission concludes that the EIR contains the information required for the Bergermeer Gas Storage project’s permitting phase.
Solution Will Uncover Savings Opportunities and Accelerate Post-merger Efficiencies
Malvern, Pa. –May 5, 2009 – BravoSolution (www.bravosolution.com), the international leader in supply management software and services, today announced that TAQA, a global energy company, has licensed BravoSolution’s Spend Management solution to identify savings opportunities and synergies following a series of mergers and acquisitions.
TAQA completes the acquisition of 50% equity stake in Marubeni’s Caribbean power portfolio
US$ 320 million deal grows TAQA’s power assets to 11,650 MW from 10,500 MW; and extends TAQA’s energy value chain to power transmission and distribution.
Deal grows TAQA’s Power Assets to 11,650 MW from 10,500 MW; and extends TAQA’s energy value chain to power transmission and distribution.
New York / Abu Dhabi / Ann Arbor / Tokyo, February 18, 2009: - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announced the purchase of a 50% equity stake in the existing Caribbean portfolio of Marubeni Corporation (Marubeni), Japan’s largest trading company.
18 February 2009, Abu Dhabi, UAE - The Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today announced that it had secured approval from the Securities and Commodities Authority (SCA) for a new share repurchase program authorizing up to 10% (or 622.5 million shares) of the share capital of the firm to be repurchased.
ABU DHABI, 2009: The Abu Dhabi National Energy Company PJSC (TAQA) today announced the launch of a comprehensive leadership programme designed to attract the very best talent to work at TAQA and to develop them into its global leaders of the future.
Abu Dhabi, 28th January 2009: The Abu Dhabi National Energy Company PJSC (TAQA) today announced that it has donated 150,000 US dollars (USD), through the United Nations Global Compact, to help ease the suffering of the people of Gaza.
Abu Dhabi, 25th January 2009: In response to the current humanitarian crisis in Gaza, Abu Dhabi National Energy Company PJSC (TAQA) has pledged 100,000 Canadian dollars (CAD) through the Canadian Red Cross to help alleviate human suffering in Gaza.
The Abu Dhabi National Energy Company (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADX: TAQA), today reaffirmed its commitment to the local community by donating AED 300,000 to the Abu Dhabi based Future Centre for Special Needs, a centre providing special education and rehabilitation services to people with disabilities between the ages of 3 and 20 years old.
New York / Abu Dhabi / Ann Arbor, December 10, 2008: - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, and RBS Sempra Commodities, a leading commodity company, today announced the creation of TAQA Gen X, a joint venture focused on investments in the downstream energy business in North America.
Abu Dhabi, UAE, The Hague, the Netherlands, 5 December 2008 - The Abu Dhabi National Energy Company PJSC (“TAQA”) and Gazprom export (“Gazprom export”) today announce signing a Memorandum of Understanding to partner in Europe’s largest new gas storage project in the Netherlands: the Bergermeer Gas Storage.
ABU DHABI, UAE, and ABERDEEN, UK, 02 December, 2008 – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced today that its wholly owned subsidiary, TAQA Bratani Limited (TAQA Bratani), has completed its $631 million acquisition of seven oil fields from Shell U.K. Limited and Esso Exploration and Production (UK) Limited.
TAQA, also known as the Abu Dhabi National Energy Company, has been named as one of the world’s Top 250 GlobalEnergy Companies, according to the 2008 Platts Global Energy rankings.
ABU DHABI, November 17th, 2008: The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADX), today announced two senior appointments to strengthen the company’s operations in India and Ghana.
ABU DHABI, November 10th, 2008: The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADX), today announced the appointment of two senior Group Vice Presidents to strengthen its operations in the region.
Financial Results for the period ended 30 September 2008
TAQA’s nine month profit increases 318%, approaching AED 1.6 billion
Basic earnings per share of 35 fils for the first nine months of the year
30 October, 2008, Abu Dhabi, UAE – Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA)
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced its participation in this year’s “Stand Up” campaign to support the Global Call to Action Against Poverty and Inequality movement.
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced that it has completed the sale of a 20% interest in Shuweihat CMS International Power Company (SCIPCO) and a 50% interest in Shuweihat O&M Limited Partnership ("SOMLP") to Sumitomo Corporation.
Abu Dhabi and Los Angeles, September 15th, 2008 – Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announced an agreement with LRN, a company that helps businesses develop ethical corporate cultures. This partnership emphasizes TAQA’s continued commitment to developing a values-based company culture that inspires principled performance throughout its global operations.
September 2008, Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, today announces that it has agreed the purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil plc, whose only asset is a 10 per cent. interest in the Amstel field offshore Netherlands, for US$5.5m in cash on completion.
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced that it has entered into a share purchase agreement with Sumitomo Corporation for the sale of a 20% interest in Shuweihat CMS International Power Company (SCIPCO) and a 50% interest in Shuweihat O&M Limited Partnership ("SOMLP"). The sale concludes an international competitive bid process launched by TAQA earlier this year.
ALBERTA, CANADA, TAQA North, a subsidiary of the Abu Dhabi National Energy Company, has been awarded the prestigious Work Safe Alberta 2007 Best Safety Performer Award for exceptional performance in workplace health and safety.
The Abu Dhabi National Energy Company (TAQA) has cemented its long-term commitment to Aberdeen by securing a 10-year lease on a new high-profile office at Arnhall Business Park, Westhill.
ABU DHABI, UAE and CALGARY, CANADA, August 8th, 2008-The Abu Dhabi National Energy Company PJSC (‘TAQA’) announced today that Frederic Lesage has been appointed to serve as Managing Director, TAQA NORTH upon Tim Granger’s elective departure, effective September 30th, 2008.
August 7, 2008, Abu Dhabi, UAE – Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today reported financial results for the second quarter and first half of 2008.
July 14th 2008, Abu Dhabi – The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today announced that it has joined the United Nations Global Compact (Compact),
July 20th 2008, Abu Dhabi – Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, is pleased to announce the nomination of the company’s Chief Executive Officer, Peter Barker-Homek, as a finalist for Energy Executive of the Year at the prestigious Petroleum Economist Awards.
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced today that its wholly owned subsidiary, TAQA Bratani Limited (TAQA Bratani), has signed a Sale and Purchase Agreement with Shell U.K. Limited and Esso Exploration and Production (UK) Limited.
Casablanca, June 11, 2008, Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, and THEOLIA, a leader in the production of electricity from wind energy, signed on June 10th 2008 a strategic partnership agreement in the renewable energy sector in Morocco.
ABU DHABI, UAE, 9 June, 2008 – Abu Dhabi National Energy Company PJSC (TAQA) has today opened the fourth of its ten proposed recycling centres in the UAE, in partnership with Emirates Environmental Group (EEG).
TAQA’s growth strategy delivers outstanding Q1’08 results with AED 4 billion revenues and AED 398 million profit; basic earnings per share grows 525% to 9.6 fils for the quarter
The Abu Dhabi National Energy Company PJSC (TAQA), confirmed today that it has, through its wholly owned subsidiary TAQA Bratani Limited, entered into exclusive negotiations with
The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), announced today that it will release
Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA) announced today its preliminary results for 2007.
The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), today reported strong financial results for the third quarter of the year ending 30 September 2007.
The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), announced today that its wholly owned Canadian subsidiaries, TAQA North Ltd. and
Annual New York City Gala Evening Recognizes Industry’s Best Performing Companies and Their Leaders; TAQA is First Middle East Organization to be Considered for Prestigious Award.
Abu Dhabi National Energy Company PJSC (TAQA) Buys Canadian Exploration and Production Company; Deal Further Extends TAQA as Best-in-Class E&P Developer and Operator with Existing E&P Assets in Canada, UK, and Netherlands
Beginning today, Abu Dhabi National Energy Company (ADSM: TAQA) will own and operate TAQA North Ltd, following the completion of the acquisition of Northrock Resources Ltd
The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) today announced that it has appointed an interim chief financial officer (CFO) to add further seniority and
The Abu Dhabi National Energy Company (TAQA PJSC) has demonstrated its firm commitment to employing an increasing percentage of UAE nationals through adopting a successful
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ABU DHABI, UAE, 09 November, 2009 – The Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), announced today that it will release its Third Quarter 2009 Financial Results for the period to 30 September 2009 before market open on Wednesday, 11 November, 2009. In conjunction with the financial results release there is a scheduled conference call and audio webcast at 16:00 hrs (UAE time) on Wednesday, 11 November, 2009.
TAQA Bratani Limited (TAQA), (the UK arm of the Abu Dhabi National Energy Company PJSC), today announce they have secured the Stena Spey drilling rig on a seven month contract with Stena Spey Drilling Limited, based in Aberdeen.
