Home

MENAFN News

Market Data

Research

Tools

Cart

Weather

Quotes:

MENA

Enter Symbol:

NewsLetter:

Search:

advanced

Abu Dhabi- TAQA mulls new investments in UK energy sector

MENAFN - - 07/11/2012


No. of Ratings : 0

E-Mail Article

Printer-Friendly

Translate

Text Size

(MENAFN) Abu Dhabi National Energy Company's (TAQA) chairman, Hamad Al-Hurr Al-Suwaidi, announced that the company is considering additional investments in the UK's oil and gas industry, mainly in the North Sea, reported Arabian Business.

Al-Suwaidi said that since 2007, the firm, a major investor in Britain's North Sea oil and gas sector and the largest UAE investor in the UK, has invested more than USD4 billion in the business.

During the period, the company has also doubled production from 5 offshore oilfields, and paid around USD1.2 billion in UK tax.

He added that TAQA's targeted investments and technical expertise have expanded the life of its mature North Sea assets, increasing output from 20,000 barrels of oil equivalent per day (boe/d) to 45,000 boe/d and safeguarding hundreds of jobs.

It is worth noting that TAQA, the operator of the Brent Pipeline System, boosted its stake in the Cladhan development in April and assumed operatorship in October 2012.

MENA News Headlines

	May 18 2013	India Walmart lobby case 'closed' ,AFP
		(MENAFN - AFP) India's investigation into whether Walmart may have bribed Indian officials to gain wider access to the country's vast market has been "closed" due to lack of evidence, a report said ...

	May 18 2013	Morocco to harness the wind in energy hunt ,AFP
		(MENAFN - AFP) Morocco is ploughing ahead with a programme to boost wind energy production, particularly in the southern Tarfaya region, where Africa's largest wind farm is set to open in ...

	May 18 2013	Facebook exec says it's OK for women to cry at work ,AFP
		(MENAFN - AFP) Facebook chief operating officer Sheryl Sandberg said in an interview published Saturday says it's ok for women to cry at work, share emotions and be honest about their ...

	May 18 2013	India could face junk status, S&P warns ,AFP
		(MENAFN - AFP) India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, amid new threats to economic growth ...

	May 18 2013	Three new suicides at Apple supplier's China factory ,AFP
		(MENAFN - AFP) Three Foxconn workers have committed suicide at a factory in China in the past three weeks, a labour rights group said on Saturday. All three jumped to their deaths at a plant in ...

	May 18 2013	Hong Kong launches first electric taxis ,AFP
		(MENAFN - AFP) Hong Kong saw its first electric taxis hit the streets on Saturday in a step towards reducing the city's high levels of roadside pollution. The 45 bright red cars were launched by ...

	May 18 2013	New case of SARS-like virus in Saudi: ministry ,AFP
		(MENAFN - AFP) A new case of the deadly coronavirus has been detected in Saudi Arabia where 15 people have already died after contracting it, the health ministry announced on Saturday on its ...

	May 18 2013	Despair over spread of spot-fixing 'cancer' ,AFP
		(MENAFN - AFP) The arrest of three Indian cricketers for spot-fixing has prompted new fears over the growing influence of betting mafias on the game in the subcontinent and despair about the ...

	May 18 2013	China Provides Tunisia with A Grant Worth $13 Million ,Qatar News Agency
		(MENAFN - Qatar News Agency) China offered Tunisia a grant worth nearly $13 million , about 20 million Tunisian Dinar, for developmental projects to be specified later, the Tunisian foreign ministry ...

	May 18 2013	Yahoo Japan suspects 22 million IDs stolen ,AFP
		(MENAFN - AFP) Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan ...

more...

Most popular stories

24 Hours

7 Days

30 Days

Track Flight Status & more at www.flightstats.com


		MENAFN News	Market Data	Countries	Tools	Section
	Arabic MENAFN	Main News News By Industry News By Country Marketwatch News UPI News Comtex News IPO News Islamic Finance News Private Equity News How-To Guides Technology Section Travel Section Search News	Market Indices Quotes & Charts Global Indices Arab Indices US Markets Details Commodoties Oil & Energy Currencies Cross Rates Currencies Updates Currency Converter USA Stocks Arab Stocks	Algeria Bahrain Egypt Iraq Jordan Kuwait Lebanon Morocco Oman Palestine Qatar Saudi Arabia Syria Tunisia UAE Yemen	Weather Investment Game Economic Calendar Financial Glossary My MENAFN Portfolio Tracker Voting Financial Calculators RSS Feeds [XML]	Corporate Monitor Events Real Estate Submit Your Property Arab Research Buy a Research Press Releases Submit your PR Join Newsletters

© 2000 menafn.com All Rights Reserved. Terms of Service \| Privacy Policy \| Contact Us \| Advertise \| About MENAFN \| Career Opportunities \| Feedback \| Help