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 […]

Major North Sea pipeline shut down enters fourth day

A major North Sea pipeline remains shut down for the fourth day after an oil leak was found in one of the platforms. The leak on the Cormorant Alpha (pictured) led to the evacuation of 71 workers on Saturday as the Brent pipeline closed down. Abu Dhabi based owner and operator TAQA said the oil […]

Pipeline re-opens after North Sea leak resolved

A large pipeline in the North Sea which was forced to close this week after an oil platform it runs through sprang a leak has now reopened. The contained leak was discovered on Monday and originally forced neighbouring 27 fields to halt production. The Abu Dhabi owner of the Cormorant Alpha platform (pictured) has announced […]

North Sea oil leak shuts down pipeline

A leak at an oil platform in the North Sea off the coast of Scotland has forced a pipeline and at least eight platforms to close and affected 27 oil fields, it was confirmed yesterday. The leak at the Cormorant Alpha oil platform (pictured) which is located 232 miles offshore from Peterhead and 94 miles from […]

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 […]

PM welcomes more Abu Dhabi cash into North Sea

Abu Dhabi oil firm TAQA today agreed to buy a cluster of North Sea oil and gas fields from British oil giant BP for $1.1billion (£0.7bn). The deal should mean thousands of jobs are safe and follows talks between the Treasury and the industry over tax breaks for North Sea assets. North Sea firms recently […]

Middle Eastern Promise commits to North Sea

Abu Dhabi power company Taqa has confirmed its long-term interest in the North Sea to Scottish First Minister Alex Salmond at a meeting in the Middle East. Leo Koot, TAQA’s Brantani managing director said: “TAQA continues to invest heavily in the future of its UK North Sea business, with capital expenditure for the next two […]