Dana Gas | Egypt Oil & Gas - Part 10
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.
Fears that Dana Gas Losses May Affect Egypt Investments
UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq. Dana Gas Making Cutbacks After $9m Oil Prices Loses
The UAE’s Dana Gas reported third quarter gross revenue of $93m as compared to $174m and an overall net loss of $9m.
Petroleum Minister Meets IOCs About Oil and Gas Field Development
Tarek El Molla—Minister of Petroleum and Mineral Resources—held extensive meetings with a number of heads of Arab and foreign companies operating in Egypt including: Emirati Dana Gas, BG Group, Petronas, and Engie (r ...
Crescent Group to Invest $300m in Egypt
The Crescent Group, locally represented through Dana Gas, plans to invest $300m in gas exploration and excavation projects in Egypt, reported Al Mal.
Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year,Page 10 of 14
