TAQA Secures $1.1Bn Deal For BP UK Assets
The Abu Dhabi National Energy Company (TAQA) has concluded a deal to acquire a number of BP’s North Sea assets, just weeks after a state-visit by British Prime Minister David Cameron to the UAE.
The deal, which both firms value at $1.058bn, represents a continuation in BP’s strategy to divest assets it considers to be non-core as it looks to recover from the Deepwater Horizon disaster in the Gulf...