UAE’s TAQA Strikes North Sea Oil, Eyes Bond Sale
Abu Dhabi National Energy Company (TAQA) has made an oil discovery in its recently acquired Darwin oil field in the UK North Sea. TAQA said this illustrates the enormous potential that still exists in the mature oil and gas province. The news comes as the company prepares to issue a bond next month to refinance a power and water plant in Abu Dhabi.
“This discovery proves that the North Sea...