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UAE's Taqa Reports Dip in Q2, H1 Oil, Gas Output

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UAE-based integrated utilities and energy company Abu Dhabi National Energy, also knows as Taqa, on Thursday reported Q2 oil and gas production of 90,300 barrels of oil equivalent per day, down from 92,100 boe/d in the corresponding period last year.

For the six months period ended June 30, oil and gas production averaged 92,500 boe/d, which compares with an average out put of 93,500 boe/d in H1 2025.

While production volumes in H1 were largely stable, the production mix shifted towards gas, the company said in its earnings statement.

In Q2, the oil and gas segment reported revenues of 1.16 billion Emirati dirhams ($316 million) from the oil and gas division, up from 825 million dirhams in the year-ago period. Revenues stood at 2.15 billion dirhams in H1, up from 2.31 billion dirhams last year.

Capital expenditure for the segment increased by 17% to 409 million dirhams in H1, "mainly due to investment in new gas processing infrastructure in the Central West area, Canada. The project comprises the development of a gas processing facility and associated pipeline infrastructure with expected commissioning in 2027," the company added.

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