payment delays

Dana Gas Freezes Egypt’s Investment over Arrears

Dana Gas will not inject new investments in Egypt because of delays in obtaining payments owed to it by the government.

Schlumberger Reduces Operations in Venezuela

Schlumberger, the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry, will reduce activity in Venezuela after failing to c ...

UAE’s Dana Gas says it has received $60m from Egyptian government

Egypt’s government has paid Dana Gas US$60 million, part of overdue receivables totalling $212m, the Abu Dhabi-listed firm said in a statement on Sunday.

BG Group receives $350 mln payment from Egypt

Britain's BG Group said on Friday it had received a $350 million payment from the Egyptian government following the country's decision to repay outstanding debts to the energy industry.

Dana Gas Encumbered by Payment Delays

UAE-based Dana Gas is struggling to cope with the payment delays owed from Egypt and Kurdistan. The company's outstanding debt of $1billion Sukuk (Islamic bonds) has significantly strained the company's ability to pr ...

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