Rakteem Katakey
Europe Energy Correspondent at Bloomberg News
Middle East Energy and Commodities Team Leader for Bloomberg News. Dubai via London and India. RTs just that. views my own. [email protected]
Articles
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2 weeks ago |
bloomberg.com | Rakteem Katakey
Welcome to our guide to the commodities markets powering the global economy. Today, Middle East Energy Team Leader Rakteem Katakey looks at the future of the gas market as Qatar commits billions of dollars toward new production and exports. During the opening day of the Qatar Economic Forum, Energy Minister Saad Al-Kaabi delivered a strong message: Natural gas is here to stay, and there’s no dearth of buyers willing to lock in deals for years to come.
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1 month ago |
bloomberg.com | Rakteem Katakey
(Bloomberg) -- Abu Dhabi’s main power utility agreed to buy the UK’s Transmission Investment, one of the largest operators of assets connecting wind farms at sea to the British electricity grid. The acquisition by Abu Dhabi National Energy Company PJSC, also known as Taqa, highlights its plans to expand in Europe.
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1 month ago |
bloomberg.com | Anthony Di Paola |Rakteem Katakey
Brent crude dropped below $60 a barrel this week for the first time in four years and was trading at just about $63 on Friday. (Bloomberg) -- US sanctions can slash Iran’s oil exports to a quarter of current levels, with shale producers among global suppliers that would help fill the gap, Energy Secretary Chris Wright said.
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Dec 4, 2024 |
bloomberg.com | Rakteem Katakey
Abu Dhabi National Oil Co. agreed to sell liquefied natural gas to Malaysia’s Petronas for 15 years starting 2028, expanding the Middle East company’s efforts to become a major supplier of the fuel. The agreement for 1 million tons a year converts a preliminary deal to a definitive sales agreement, Adnoc said in a statement. Adnoc will supply the fuel primarily from an LNG export facility it’s building in Ruwais near Abu Dhabi.
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Nov 24, 2024 |
bloomberg.com | Rakteem Katakey
Abu Dhabi’s main energy company said significant value in its natural gas unit can be unlocked with an additional share sale. The statement follows a Bloomberg News report last week that Abu Dhabi National Oil Co. is weighing plans to sell an additional 3% to 5% in Adnoc Gas Plc, which at the top end would help raise just over $3.5 billion based on Friday’s closing price. Adnoc Gas’ value can be enhanced by inclusion in wider market indexes and with a broader shareholder base, Adnoc said Monday.
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