A milestone has been marked in an industry wide effort to maximise economic recovery in the UKCS. Taqa said the first imports of fuel gas have been delivered to participating Northern North Sea (NNS) platforms.
An investigation has been launched after a North Sea platform was left without a number of core personnel on board.
North Sea oil firm Taqa said yesterday it expected production start-up for the Cladhan discovery before the end of the year.
State-owned Taqa swung to loss for its third quarter financial results.
ShaMaran Petroleum is to contest a default notice from TAQA following a dispute over payments for an operating agreement in Iraq.
Asset life extension services provider Bilfinger Salamis has been awarded a five-year contract for international energy company TAQA for its oil and gas operations in the UK North Sea.
North Sea oil producer Taqa said yesterday it was on course for annual savings of more than £260million after shedding 22% of its global workforce. It also reported higher profits from the UK North Sea after a boost from fiscal changes aimed at reducing the burden of taxation on operators and encouraging investment Grant Gillon, the Middle East firm’s new chief financial officer, said a transformational programme put in motion against a “challenging” backdrop of lower oil prices was achieving results. The Scottish engineering graduate also said Taqa’s financial position was strong after a recent refinancing of £2billion of existing credit facilities on improved terms.
Abu Dhabi National Energy Co., the government-owned oil and gas producer, hired investment and advisory firm Blackstone Group LP to review options for its debt obligations, two people with knowledge of the matter said.
Abu Dhabi National Energy Co., the government-owned utility known as Taqa, posted a second consecutive annual loss in 2014 as tumbling crude oil and natural gas prices forced it to take a one-time charge. Taqa’s loss grew to 3 billion dirhams ($817 million) from 2.52 billion dirhams in 2013, the company said in a statement to the Abu Dhabi stock exchange. Taqa won’t pay a dividend on 2014 results after taking a 3.3 billion-dirham impairment charge due to “the rapid reduction in oil and gas prices in the second half of 2014,” it said.
Energy services firm Bilfinger Salamis UK has secured new business with a combined total value of more than £100million. The company has been awarded the contracts from clients including Apache and Taqa Bratani in the last three months. The services to be provided include offshore inspection enactment including conventional and advanced NDT,scaffolding access and rope access.
A North Sea oil firm is making job cuts in a “consolidation” of the business, despite the Middle Eastern parent more than doubling first quarter profits.
The oil worker who plunged from North Sea platform to his death has been named.
An oil worker has fallen overboard and died at Taqa's Harding platform in the UK North Sea.