TAQA

CGG Sells its Stake in ARGAS to TAQA  

Retrieved on: 
Tuesday, November 21, 2023

CGG announced today that it has entered into a definitive agreement with Industrialization and Energy Services Company ("TAQA") to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).

Key Points: 
  • CGG announced today that it has entered into a definitive agreement with Industrialization and Energy Services Company ("TAQA") to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).
  • The transaction is expected to close this year, subject to satisfying relevant conditions.
  • Sophie Zurquiyah, CEO CGG, said “The sale of our stake in ARGAS marks a final step in the strategic plan that we launched back in 2018 to become an asset-light company, by exiting the data acquisition services business and strengthening the focus on our differentiated high-end technology businesses.
  • We look forward to continuing to provide the Kingdom of Saudi Arabia and TAQA with our high-end subsurface imaging and seismic acquisition systems to support their business objectives and playing our part in the successful development of energy and low-carbon resources in the Middle East region.”

TAQA and Octopus Energy Group’s Kraken team up to drive decarbonization in the Middle East and Eurasia

Retrieved on: 
Wednesday, December 6, 2023

Its Kraken platform connects all parts of the energy system, from customer billing to flexible management of renewable generation and energy devices.

Key Points: 
  • Its Kraken platform connects all parts of the energy system, from customer billing to flexible management of renewable generation and energy devices.
  • The Kraken platform empowers energy companies to build and deploy green energy products and to handle customer requests more swiftly and holistically.
  • Greg Jackson, Founder of Octopus Energy Group, comments: “At Octopus, we believe in the power of collaboration to turbocharge the energy revolution through innovation and technology.
  • The platform has enabled Octopus Energy to top customer service tables since its inception, as the only energy company to receive “Which?

Deputy Ruler of Abu Dhabi Inaugurates World's Largest Single-Site Solar Power Plant Ahead of COP28

Retrieved on: 
Friday, November 17, 2023

In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.

Key Points: 
  • In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.
  • This world-leading solar project demonstrates remarkable progress in solar power efficiency, innovation and cost competitiveness - setting a new record-low tariff.
  • Developing the world's largest single-site solar power plant is a milestone achievement that required vision, partnership and a pioneering spirit.
  • The plant will supply power to the procurer EWEC – following the Power Purchase Agreement (PPA) signed in 2020 - and will raise Abu Dhabi's solar power production capacity to 3.2GW.

Deputy Ruler of Abu Dhabi Inaugurates World's Largest Single-Site Solar Power Plant Ahead of COP28

Retrieved on: 
Friday, November 17, 2023

In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.

Key Points: 
  • In 2009, Masdar switched on the country's first solar project at 10MW - today, Al Dhafra Solar PV represents a plant that is 200 times that size.
  • This world-leading solar project demonstrates remarkable progress in solar power efficiency, innovation and cost competitiveness - setting a new record-low tariff.
  • Developing the world's largest single-site solar power plant is a milestone achievement that required vision, partnership and a pioneering spirit.
  • The plant will supply power to the procurer EWEC – following the Power Purchase Agreement (PPA) signed in 2020 - and will raise Abu Dhabi's solar power production capacity to 3.2GW.

STEP Energy Services Ltd. Announces Appointment of New Independent Director Edward Lafehr and Retirement of Jason Skehar

Retrieved on: 
Thursday, November 2, 2023

CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of STEP’s board of directors, effective November 1, 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Mr. Edward LaFehr as an independent director of STEP’s board of directors, effective November 1, 2023.
  • Mr. LaFehr has 40 years of experience in the energy industry managing large and complex onshore and offshore E&P assets.
  • Mr. LaFehr previously served as the president and chief executive officer of Baytex Energy Corporation for six years.
  • STEP’s director, Ms. Evelyn Angelle, also assumed the position of lead director for STEP’s board of directors.

Industrialization and Energy Services Company Celebrates 20 Years as a Global Energy Services Leader, Aligns Branding to Reflect Ongoing Commitment to Excellence in Customer Services, Operations and Safety

Retrieved on: 
Tuesday, October 17, 2023

Industrialization and Energy Services Company (TAQA), a global Well Solutions & Services provider, today announced that it is aligning the branding of its portfolio companies, including Cougar Drilling Solutions (CDS), Tendeka, Target Intervention and AI Mansoori Petroleum Services.

Key Points: 
  • Industrialization and Energy Services Company (TAQA), a global Well Solutions & Services provider, today announced that it is aligning the branding of its portfolio companies, including Cougar Drilling Solutions (CDS), Tendeka, Target Intervention and AI Mansoori Petroleum Services.
  • The company made the announcement as a part of a global celebration honoring its 20th anniversary.
  • “Our brand alignment reinforces our commitment to providing excellence in customer service, operations, safety and fostering economic growth to the communities we operate in as well as enable energy sustainably across the globe,” said Reid Warriner, TAQA Drilling Solutions.
  • Under a unified brand, customers around the world will benefit from TAQA’s proven commitment to technical progress, demonstrated through significant investments in both R&D and operations.

TAQA announced the divestiture of its stake in Air Liquide Arabia ("ALAR")

Retrieved on: 
Monday, October 9, 2023

DHAHRAN, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ -- The Industrialization and Energy Services Company ("TAQA") announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company ("ALAR"), with proceeds exceeding SAR 600 million.

Key Points: 
  • DHAHRAN, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ -- The Industrialization and Energy Services Company ("TAQA") announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company ("ALAR"), with proceeds exceeding SAR 600 million.
  • "This transaction is in line with TAQA's strategy to rationalize our non-core portfolio and divest investments that are not in line with our growth plan, the proceeds will enable us to further invest in growing our core organically and acquire more technologies to further enhance TAQA Well Solutions offering."

TAQA announced the divestiture of its stake in Air Liquide Arabia ("ALAR")

Retrieved on: 
Monday, October 9, 2023

DHAHRAN, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ -- The Industrialization and Energy Services Company ("TAQA") announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company ("ALAR"), with proceeds exceeding SAR 600 million.

Key Points: 
  • DHAHRAN, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ -- The Industrialization and Energy Services Company ("TAQA") announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company ("ALAR"), with proceeds exceeding SAR 600 million.
  • "This transaction is in line with TAQA's strategy to rationalize our non-core portfolio and divest investments that are not in line with our growth plan, the proceeds will enable us to further invest in growing our core organically and acquire more technologies to further enhance TAQA Well Solutions offering."

TAQA and Reykjavik Geothermal sign Joint Venture Agreement to form TAQA Geothermal Energy LLC

Retrieved on: 
Wednesday, March 15, 2023

RIYADH, Saudi Arabia, March 15, 2023 /PRNewswire/ -- During the Public Investment Fund (PIF) Private Sector Forum in Riyadh today, the Industrialization and Energy Services Company (TAQA)  and Reykjavik Geothermal (RG), signed a Joint Venture agreement to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia.

Key Points: 
  • RIYADH, Saudi Arabia, March 15, 2023 /PRNewswire/ -- During the Public Investment Fund (PIF) Private Sector Forum in Riyadh today, the Industrialization and Energy Services Company (TAQA)  and Reykjavik Geothermal (RG), signed a Joint Venture agreement to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia.
  • TAQA Geothermal will explore and develop Geothermal resources in Saudi Arabia and the MENA region contributing to Saudi and Middle East Green Initiatives' decarbonization targets.
  • The new joint venture is in full alignment with the Kingdom's efforts to reduce carbon emissions toward achieving Net Zero while diversifying the Kingdom's energy mix, in line with Vision 2030.
  • Today I am happy to announce that TAQA is partnering with a world-class, well-established global leader in the development of Geothermal Resources (Reykjavik Geothermal (RG)).

TAQA and Reykjavik Geothermal sign Joint Venture Agreement to form TAQA Geothermal Energy LLC

Retrieved on: 
Wednesday, March 15, 2023

RIYADH, Saudi Arabia, March 15, 2023 /PRNewswire/ -- During the Public Investment Fund (PIF) Private Sector Forum in Riyadh today, the Industrialization and Energy Services Company (TAQA)  and Reykjavik Geothermal (RG), signed a Joint Venture agreement to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia.

Key Points: 
  • RIYADH, Saudi Arabia, March 15, 2023 /PRNewswire/ -- During the Public Investment Fund (PIF) Private Sector Forum in Riyadh today, the Industrialization and Energy Services Company (TAQA)  and Reykjavik Geothermal (RG), signed a Joint Venture agreement to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia.
  • TAQA Geothermal will explore and develop Geothermal resources in Saudi Arabia and the MENA region contributing to Saudi and Middle East Green Initiatives' decarbonization targets.
  • The new joint venture is in full alignment with the Kingdom's efforts to reduce carbon emissions toward achieving Net Zero while diversifying the Kingdom's energy mix, in line with Vision 2030.
  • Today I am happy to announce that TAQA is partnering with a world-class, well-established global leader in the development of Geothermal Resources (Reykjavik Geothermal (RG)).