VIDEO: Taqa’s Brae oilfield hits 40 years of North Sea production
Taqa is today marking 40 years since start-up of production at the Brae oilfield in the North Sea.
Taqa
‘It’s overdue’: Industry to review offshore worker sizes amid lifeboat concern
The offshore industry will review the weight and size of North Sea workers as concerns are raised over crews fitting into platform lifeboats.
Waldorf: Windfall taxes, decom uncertainties made TAQA, Dana asset deal ‘impossible’
Waldorf Production has blamed the Netherlands’ solidarity tax and uncertainty over decommissioning commitments for aborting its planned acquisition of TAQA and Dana assets.
TAQA to remove upper jacket of East Brae off Aberdeen
TAQA is set to remove the upper jacket and two associated pipelines from the East Brae platform, located 174 miles north-east of Aberdeen.
Xlinks signs up Abu Dhabi funding for ambitious Morocco-UK link
The project could create 10,000 jobs in Morocco during construction, of which 2,000 will be permanent. In the UK, Xlinks believes it could create 1,350 permanent jobs.
North Sea braced for strikes as ballots close for 1,000 workers
The North Sea is bracing for a wave of strikes as ballots close today for more than 1,000 offshore workers.
Gulf IPO rush resumes as Adnoc tees up largest deal of 2023
The United Arab Emirates’ national oil company plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year.
TAQA closes deal for Al Mansoori services group
Saudi Arabia-based energy services group TAQA has completed its takeover of Al Mansoori Petroleum Services (AMPS) as it eyes regional expansion.
Europe’s first uncrewed offshore integrity inspection undertaken by TAQA
TAQA Netherlands has become Europe's first oil and gas operator to complete an uncrewed offshore integrity inspection.
State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
TAQA, Adnoc complete Masdar deal, pledge rapid expansion
TAQA and Adnoc have completed the acquisition of stakes in clean energy operator Masdar, coming in alongside Mubadala Holdings.
Bilfinger UK enters into offshore collective bargaining deal following May’s wildcat strikes
A bargaining agreement - covering Bilfinger UK's inspection teams working on Taqa’s North Sea assets – has been struck.
‘Basically impossible’ for UK to get a heavy lift business
The UK will spend billions removing oil and gas assets over the next decade, and billions more installing offshore windfarms – so why doesn’t it have a heavy lift business to capitalise on it?
Wood decommissioning boss ‘rarely’ sees local content in UK tenders
The decommissioning boss at Wood said she “rarely” sees local content requirements for UK projects, despite an impending industry target on the issue.
TAQA and Spirit launch legal action against Viaro over Brae decom costs
TAQA and Spirit Energy are taking fellow North Sea firm Viaro Energy to court to recover costs linked to decommissioning the Brae oilfield.
Annual Offshore Achievement Awards nominations closing soon
The deadline for Annual Offshore Achievement Awards nominations is fast approaching with the show set for Aberdeen's P&J Live for its 36th anniversary.
TAQA maintains profitable run in ‘most productive’ year
TAQA continued its run of bumper profits in the third quarter, driven again by outperformance from its oil and gas arm.
Schlumberger-backed Arabian Drilling surges in Riyadh debut
Arabian Drilling, a Saudi oilfield-services firm partly held by Schlumberger, surged in its trading debut after raising $710 million from its initial public offering in Riyadh.
TAQA in decommissioning push as North Sea assets enter final decade
“In the early 2030s we will have probably removed all of the assets we have operating at the moment,” says David Wilson, decommissioning and projects director at TAQA (ADX: TAQA).
Waldorf Production buys TAQA and Dana Dutch oil and gas businesses
Waldorf Production has struck deals to buy the Netherlands businesses of fellow North Sea producers TAQA and Dana Petroleum.
Taqa share of decommissioning Brae Area up $352m after Fujairah default
Taqa’s share of the decommissioning bill for the Greater Brae Area (GBA) has increased by more than $350 million after a licence partner defaulted on its liability.
Wood to create 300 new UK jobs amid North Sea push
Energy services giant Wood is expecting to create around 300 new jobs thanks to a surge in activity in the UK North Sea.
Allseas lands huge North Sea decommissioning contract with Taqa
Allseas has won what it has described as the largest ever single decommissioning contract for the UK North Sea by weight with operator Taqa.
TAQA to snap up AMPS in wider MENA move
Saudi Arabia’s TAQA has struck a deal to buy Al Mansoori Petroleum Services (AMPS) for an undisclosed amount.
Taqa toasts £1.1 billion profits as oil and gas prices surge
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.