Acquisitions and Divestitures News in United Arab Emirates

Chemaweyaat & Indorama Establish an Aromatics JV
12/26/2013 - Abu Dhabi National Chemicals Company (ChemaWEyaat) and Indorama Ventures Public Company Limited signed a joint venture agreement to develop the Tacaamol Aromatics Plant on Madeenat ChemaWEyaat Al Ghar...
OMV Signs Upstream Exploration Agreement with ADNOC
OMV Signs Upstream Exploration Agreement with ADNOC 6/24/2013 - The Abu Dhabi National Oil Company (ADNOC) and OMV East Abu Dhabi Exploration GmbH (OMV) signed an exploration agreement on June 23, to pursue exploration for oil and gas in the Eastern region of Abu ...
Abu Dhabi Faces Tight Deadline to Renew Oil Concession
Abu Dhabi Faces Tight Deadline to Renew Oil Concession 5/19/2013 - Abu Dhabi’s state oil company is under pressure to take a quick decision on which foreign companies will get concessions in one of the Middle East’s oldest oilfields. ...
UAE Set to Award Bab Gas Project to Shell
3/20/2013 - Abu Dhabi National Oil Co. (ADNOC) has recommended that Shell win the multi-billion dollar project to develop its Bab gas field, but the UAE's higher authorities have yet to rule on it, industry sourc...
Abu Dhabi to Identify Partner for Bab Gas Field
3/17/2013 - Abu Dhabi is close to identifying a partner to help produce natural gas at the Middle Eastern emirate’s Bab field and is on schedule to renegotiate contracts for its largest onshore oil fields, offici...
Abu Dhabi Casts Wider Net for Oil Field Bids
3/8/2013 - Abu Dhabi National Oil Co., or Adnoc, has invited several international oil firms, in addition to existing partners, to bid for the renewal of a shared license to operate some of the emirate's largest...
Acquisition Grows Dron & Dickson’s Presence in ME
1/15/2013 - Dron & Dickson, a specialist in the design, supply and maintenance of hazardous area electrical equipment, has announced the acquisition of Abu Dhabi based Totus Energy as part of its ambitious intern...
BP to Sell its Interest in Sean to SSE PLC
BP to Sell its Interest in Sean to SSE PLC 12/17/2012 - BP announced that, as part of its decision to market its stakes in non-operated North Sea assets, it has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE plc for $288 milli...
TAQA Disposes of Stake in WesternZagros
11/30/2012 - Abu Dhabi National Energy Company PJSC (TAQA) disposed of its entire holding in WesternZagros Resources Ltd. (WesternZagros) which holds two oil and gas production sharing contracts in the Kurdistan R...
BP to Sell its North Sea Assets to Taqa for $1.1 Billion
BP to Sell its North Sea Assets to Taqa for $1.1 Billion 11/28/2012 - BP announced that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, ...
Aker Solutions Cancelled a Deal to Acquire NPS Energy
Aker Solutions Cancelled a Deal to Acquire NPS Energy 11/21/2012 - Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. The agreement was conditional upon a series of parameters being fulfilled before the end of the closing period. ...
Acquisition Further Grows Dron & Dickson’s Middle East Presence
10/10/2012 - Dron & Dickson, a specialist in the design, supply and maintenance of hazardous area electrical equipment, has announced the acquisition of Abu Dhabi based Totus Energy as part of its ambitious intern...
No Talks for IPIC to Boost OMV Stake
7/26/2012 - There are no plans at this stage for Abu Dhabi's state-owned fund International Petroleum Investment Co to raise its 24.9 percent stake in Austrian energy group OMV, OMV's chief executive told a newsp...
UAE Looks to Open Oil Sector to More Partners
UAE Looks to Open Oil Sector to More Partners 7/3/2012 - The United Arab Emirates (UAE) is likely to allow more foreign partners, especially from Asia, to take stakes in its oil and gas concessions, the chief executive of Abu Dhabi Marine Operating Company ...
UAE's Microsol Buys Key Assets of Insolvent Solon
3/6/2012 - United Arab Emirates-based solar cell maker Microsol has acquired the key assets of Solon and its subsidiaries, including U.S.-based Solon Corp, the insolvent German solar group said. About 600 jobs w...
S.Korea Takes 40% Stake in UAE Oilfields
S.Korea Takes 40% Stake in UAE Oilfields 3/5/2012 - A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said. ...
Abraaj in Talks to Buy Transatlantic Oilfield Service
Abraaj in Talks to Buy Transatlantic Oilfield Service 2/28/2012 - Abraaj Capital, the leading private equity firm in emerging markets, announced that a consortium consisting of funds advised by Abraaj Investment Management Limited (Abraaj, an affiliate of Abraaj Cap...
Oslo Court Rejects Injunction to Stop Merger
Oslo Court Rejects Injunction to Stop Merger 1/6/2012 - Norwegian oil firm DNO said that Oslo's enforcement, bankruptcy and probate court had rejected a shareholder group's request for an injunction to stop the completion of DNO's merger with RAK Petroleum...
UAE's TAQA to Sell Some Canadian Oil & Gas Assets
12/19/2011 - Abu Dhabi National Energy Co (TAQA) has reached an agreement to sell some of its oil and gas assets in Canada for an undisclosed amount, the company said. TAQA North, a unit of the company, expects to...
Taqa Agrees UK Assets Purchase
11/15/2011 - TAQA Bratani Limited, the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (Premier) certain assets that Premier will acquire following completion o...

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