Dana Gas | Egypt Oil & Gas - Part 10
Dr. Sultan Al Jaber: Egypt Is an Ideal Energy Partner
At Egypt Petroleum Show (EGYPS 2017), His Excellency Dr. Sultan Ahmed Al Jaber, Minister of State, UAE said in his keynote speech that ''Egypt has proven itself the ideal energy partner by establishing sound fiscal ...
Dana Gas to Drill New Wells
Tarek El Molla, met with Dana Gas to review plans for its joint venture El Wastani Petroleum Company (WASCO) to drill new wells to be added to production, as well as linking existing wells from Balsam field to produc ...
Dana Gas Earned $13m
Dana Gas declared a third quarter net profit of $13m, compared to a net loss of $9m during the same period in 2015, reported Gulf News. The nine-month net profit stood at $26m, against a gain of $10m in the same peri ...
Dana Gas to Discuss $700m Debt Mix
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year. The company’s CEO, Patrick Allman-Ward, said that ...
Dana Gas Records 50% Profit Decline in Q1
Abu Dhabi-listed company Dana Gas, which produces natural gas in Egypt and Iraq, reported a 50% decline in profit in Q1 as sales slumped due to lower hydrocarbon prices and 12% output fall. Dana Gas Launches Zora Gas Field Production
Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.
Dana Gas to Cut Costs at Home, Boost Investment in Egypt
UAE's Dana Gas announced its decision to slash its head office workforce by 40%, and cut administrative costs by 50%. The move is part of the evaluation and cost cutting process, which the company adopted in 2015.
Kurdistan Releases $75m to Oil Exporting Companies
Kurdistan Regional Government has authorized the release of payments to international oil exporting companies in Iraq worth $75m for the third consecutive month.
