Oil Prices Narrowing UAE Profit Margins for All Sectors

• Thursday, 2nd April 2015
• by Egypt Oil & Gas

Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate’s economy, on Thursday said its 2014 net profit fell 28.7% due to lower income from financial investments and impairments on oil and ...

Bahrain’s GPIC Keeps Profits Up, Carbon Emissions Down

• Sunday, 22nd March 2015
• by Egypt Oil & Gas

Bahrain-based Gulf Petrochemical Industries Company (GPIC) yesterday (March 21) reported a net profit of $190.2 million for last year. In a statement issued after the company’s annual general meeting (AGM), the ...

Oil Slump and Geopolitics Hit Dana Gas

• Thursday, 5th February 2015
• by Egypt Oil & Gas

Dana Gas, citing falling oil prices and geopolitical issues, reported on Thursday a 19.8% drop in net profit of $125 million (Dh457 million) for 2014 compared to $156 million a year earlier. Gross revenue rose 5% to $...

Novatek profits up 44%

• Thursday, 8th March 2012
• by Egypt Oil & Gas

Russia’s biggest independent natural gas producer Novatek has raised its net profit attributable to shareholders by more than 44% to $1.9 billion in 2011 from 2010’s $1.31 billion. Production growth and higher d...

BG Group profits more than double on high gas prices

• Tuesday, 26th July 2011
• by Egypt Oil & Gas

BG, one of the UK’s three largest gas producers, profits more than doubled in the second quarter due to high natural gas prices and increased production. Profits before tax rose to $2.25bn (£1.38bn), up from $86...