payment delays

  • Dana Gas Freezes Egypt’s Investment over Arrears

    Dana Gas Freezes Egypt’s Investment over Arrears

    Sunday, 12th February 2017
    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 Reduces Operations in Venezuela

    Sunday, 17th April 2016
    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 collect enough payments.
  • UAE’s Dana Gas says it has received $60m from Egyptian government

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

    Sunday, 4th January 2015
    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

    BG Group receives $350 mln payment from Egypt

    Sunday, 4th January 2015
    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

    Dana Gas Encumbered by Payment Delays

    Wednesday, 14th March 2012
    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 progress its expansion plans in Egypt.