Taqa Q3 profits fall 88%

State-controlled Abu Dhabi National Energy Co. (Taqa) has reported an 88% fall in third-quarter profit, as income from oil and gas sales fell, Bloomberg has reported. Net income had dropped to Dhs90m ($24.5m), from Dhs723m a year earlier, the energy producer said. Sales also dropped to Dhs3.9bn from Dhs4.5bn. Related Posts:EUR/USD: trading plan for the […]

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Taqa Q3 profits fall 88%

State-controlled Abu Dhabi National Energy Co. (Taqa) has reported an 88% fall in third-quarter profit, as income from oil and gas sales fell, Bloomberg has reported. Net income had dropped to Dhs90m ($24.5m), from Dhs723m a year earlier, the energy producer said. Sales also dropped to Dhs3.9bn from Dhs4.5bn. Related Posts:EUR/USD: trading plan for the […]

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Taqa Q3 profits fall 88%

State-controlled Abu Dhabi National Energy Co. (Taqa) has reported an 88% fall in third-quarter profit, as income from oil and gas sales fell, Bloomberg has reported. Net income had dropped to Dhs90m ($24.5m), from Dhs723m a year earlier, the energy producer said. Sales also dropped to Dhs3.9bn from Dhs4.5bn. Related Posts:EUR/USD: trading plan for the […]

Stock Trkr
Taqa Q3 profits fall 88%

State-controlled Abu Dhabi National Energy Co. (Taqa) has reported an 88% fall in third-quarter profit, as income from oil and gas sales fell, Bloomberg has reported. Net income had dropped to Dhs90m ($24.5m), from Dhs723m a year earlier, the energy producer said. Sales also dropped to Dhs3.9bn from Dhs4.5bn. Related Posts:EUR/USD: trading plan for the […]

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Dragon Oil Enoc takeover to be rejected

Baillie Gifford & Co, Dragon Oil’s largest minority investor has said that it would reject a takeover bid from controlling shareholder Emirates National Oil Co. (Enoc) that values Dragon at $3.9bn, Reuters has reported. The 455 pence-a-share offer ‘materially understates the fundamental and strategic value’ of Turkmenistan-focused Dragon, the firm said. Clients’ holdings under the […]

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Dragon Oil Enoc takeover to be rejected

Baillie Gifford & Co, Dragon Oil’s largest minority investor has said that it would reject a takeover bid from controlling shareholder Emirates National Oil Co. (Enoc) that values Dragon at $3.9bn, Reuters has reported. The 455 pence-a-share offer ‘materially understates the fundamental and strategic value’ of Turkmenistan-focused Dragon, the firm said. Clients’ holdings under the […]

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Dragon Oil Enoc takeover to be rejected

Baillie Gifford & Co, Dragon Oil’s largest minority investor has said that it would reject a takeover bid from controlling shareholder Emirates National Oil Co. (Enoc) that values Dragon at $3.9bn, Reuters has reported. The 455 pence-a-share offer ‘materially understates the fundamental and strategic value’ of Turkmenistan-focused Dragon, the firm said. Clients’ holdings under the […]

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Dragon Oil Enoc takeover to be rejected

Baillie Gifford & Co, Dragon Oil’s largest minority investor has said that it would reject a takeover bid from controlling shareholder Emirates National Oil Co. (Enoc) that values Dragon at $3.9bn, Reuters has reported. The 455 pence-a-share offer ‘materially understates the fundamental and strategic value’ of Turkmenistan-focused Dragon, the firm said. Clients’ holdings under the […]

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Abu Dhabi to tender power project

Abdulla Al Nuaimi, director of privatization at Abu Dhabi Water and Electricity Authority (Adwea) has said the authority will launch the tender for a giant power and desalination project aimed at helping meet soaring domestic electricity and water demand in Q1 2010, Dow Jones News has reported. The new complex, to be built and run […]

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Abu Dhabi to tender power project

Abdulla Al Nuaimi, director of privatization at Abu Dhabi Water and Electricity Authority (Adwea) has said the authority will launch the tender for a giant power and desalination project aimed at helping meet soaring domestic electricity and water demand in Q1 2010, Dow Jones News has reported. The new complex, to be built and run […]

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Abu Dhabi to tender power project

Abdulla Al Nuaimi, director of privatization at Abu Dhabi Water and Electricity Authority (Adwea) has said the authority will launch the tender for a giant power and desalination project aimed at helping meet soaring domestic electricity and water demand in Q1 2010, Dow Jones News has reported. The new complex, to be built and run […]

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Abu Dhabi to tender power project

Abdulla Al Nuaimi, director of privatization at Abu Dhabi Water and Electricity Authority (Adwea) has said the authority will launch the tender for a giant power and desalination project aimed at helping meet soaring domestic electricity and water demand in Q1 2010, Dow Jones News has reported. The new complex, to be built and run […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Qatar Petroleum buys Shell Chemicals stake

Qatar Petroleum International (QPI) has signed agreements with Shell Eastern Petroleum, in which QPI acquires stakes in two Shell Chemicals joint ventures in Singapore, Reuters has reported. Through the venture, QPI and Shell will effectively hold 50% of the Petrochemical Corporation of Singapore and 30% of The Polyolefin Co. (Singapore). The deal will be completed […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Oil price at ‘good level’ for Oman, says central bank chief

Hamud Al-Zadjali, Governor of Oman’s central bank, has said that oil prices have risen to ‘a good level’ that will help the Sultanate implement its development plans, Reuters has reported. Oman is boosting oil production at a time when OPEC members, which supply about 40% of the world’s crude oil, have reined in output. Related […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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Partnership formed to run Bahrain field

Abu Dhabi’s Mubadala Development Co, the National Oil and Gas Authority of Bahrain and US-based Occidental Petroleum Corp have formed a partnership to run an oil and natural gas field in Bahrain, Reuters has reported. Tatweer Petroleum-Bahrain Field Development Co will begin operating Bahrain Field immediately, and oil production is expected to peak at 100,000 […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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OPEC will not boost production, says official

Hasan Qabazard, OPEC’s head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are ‘very high’, Bloomberg has reported. ‘I don’t see that production should be increased,’ he told the news service. ‘Stocks are a worry, particularly the product stocks. At […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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Three Iraqi oil fields to pump 6m barrels, says minister

Iraq’s oil minister, Hussain al-Shahristani, has said he expects three of the country’s oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. ‘This is higher than what we were hoping for from all the eight fields in the first […]

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