Abu Dhabi firm buys BP’s North Sea assets

Abu Dhabi’s national energy company has acquired oil and gas assets in the North Sea from BP. TAQA has taken over as operator of the Harding field and production platform in the Central North Sea, which is expected to add 20,000 barrels of oil equivalent per day. The company acquired the BP assets for $1,058 […]

Turkey signs power production deal with UAE

Turkey has signed an agreement with the United Arab Emirates (UAE) for the development of power plants and mines in southern Turkey. The ‘Intergovernmental Agreement’ between Abu Dhabi based TAQA and Turkey’s state run power company EUAS includes the creation of a ‘project company’ which will develop plants with a combined power generation capacity of […]