Taqa, the Dutch arm of the Abu Dhabi National Energy Co (ADNOC), has bought a 15 per cent stake in assets owned by the L11b group, a consortium constituted by Chevron and a number of other major players in the global oil and gas industry.

Reuters reports that the acquisition strengthens ADNOC's grip in the North Sea region, with Taqa set to become the controlling party in the L11b group.

Earlier in the week, Taqa also took control as the operator of the North Sea Brent crude pipeline system, which plays a major role in global oil pricing, as Shell stepped down after nearly 40 years as operator.

Taqa has long stressed its commitment to Emiritisation programmes designed to help secure jobs for domestic workers through training and development initiatives.

Abdulla Khunji, Taqa's Abu Dhabi-based chief of staff, has in the past claimed that through such training opportunities, the company can demonstrate to the UAE that it recognises human capital as its greatest asset.

Oil and Gas Directory: Training and Development