Dana Gas signs agreement to sell onshore assets in Egypt
The company however, will continue to retain its onshore and offshore exploration concessions El Matariya (Block 3) and North El Arish (Block 6).
Latest in Tag: Dana Gas Highlight
Latest in Tag: Dana Gas
Dana Gas receives additional payments of $44.3m from Egypt
Considerable part of receivables owed to Eni in amount of $1.3bn, British Gas of $1.2bn, British Petroleum of $1.4bn, Apache Corporation of $850m
Dana Gas production in Egypt fell by 5,100 barrels of oil equivalent
First deep sea well to be drilled in sector 6 early next year
Dana Gas receives $40m of its arrears from Egypt
UAE-based Dana Gas said on Monday it received $40m of dues owed to it by Egypt.
 Dana Gas receives $164m in arrears from Egypt in 2017
UAE-based company says its total receivable balance fell 14% to $228m
Tapping into new revenue streams
Regional giant Dana Gas will commit millions to E&P in the next three years
Dana Gas to discuss collecting receivables in Egypt this week
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1 financial statements
Dana Gas, BP sign participation agreement
BP to start drilling in El-Matariya onshore Concession Area in first half of 2016
Dana Gas produces 37,700 barrels of Egyptian oil daily during Q12015
Company pumps $350m for its GPEA project
Dana Gas daily production in 2014 was 40,000 barrels of oil
Company’s CEO describes the latest development as “game-changing”
Dana Gas could delay Egypt’s payment of dues: CEO
Egypt still owes $165m to Dana, Patrick Allman-Ward says
UAE’s DANA Gas receives $60m in overdue payments from Egypt
Emirati company Dana Gas said in a Sunday statement that it received $60m in late dues from the Egyptian government. The sum makes up only a part of the full amount of $212m Egypt still owes to Dana Gas. Egyptian payments to oil and gas companies have been delayed due to the country’s faltering economy …
Dana Gas signs agreement with petroleum ministry to increase gas production
$270m in investments over seven years to increase production, company will be repaid all dues by 2018
Dana Gas signs agreement with EGAS, EGPC to drill 37 new wells
Company recently won bids for 2 Nile Delta concessions
Huge housing deal may signal Gulf investment push into Egypt
The construction company said on Sunday that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provided free by the armed forces, which own a large amount of financial assets and real estate.
Dana Gas upgrades Egyptian plant to increase production
Improvements will boost output by 25%
Dana Gas annual revenues climb to AED 2.39bn
Compared to 2012, gross revenues increase by 8%, net profits down by 5%
Local unrest delays British Gas production
2014 production goals delayed, but 2015 schedule still on track
Dana Gas new gas discovery in Nile Delta
The Begonia-1 well is the 25th discovery in Egypt since 2007
EGAS explores Delta, Mediterranean for oil and gas
So far holding company receives bids from BP, Sea Dragon, Edison, Dana Gas and Pura Vida
Dana Gas defaults on $1 billion loan
Egypt’s political instability pushes the UAE natural gas producer to default; restructuring talks underway
Dana Gas Q4 profit jumps, no details on sukuk
DUBAI: Dana Gas, which faces a $1 billion sukuk maturity in October, posted sharply higher fourth-quarter and yearly profits on Monday, buoyed by an increase in production and higher oil prices. Abu Dhabi-listed Dana, which has operations in the UAE, Egypt and Kurdistan, made quarterly profit of 147 million dirhams ($40 million), according to Reuters …
Dana Gas hires advisers for convertible sukuk
DUBAI: UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet its obligations. Dana Gas, whose share price has been battered by concerns about how it will deal with the sukuk, said on Tuesday it would …
Dana Gas Q3 profit quadruples on higher production
DUBAI: Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices. The Gulf’s only listed natural gas company posted a third quarter net profit of 143 million dirhams ($38.9 million), compared with net profit of 33 …
Dana Gas eyes entry to Syria, Algeria, Libya: CEO
DUBAI: UAE energy firm Dana Gas is still negotiating terms to enter into the Syrian and Algerian markets while it is also looking at opportunities in Libya, its chief executive officer told a local newspaper on Monday. "Dana Gas has done joint studies with Algeria’s Sonatrach to (figure out how to) offer more value to …
UAE’s Dana Gas ‘optimistic’ on Egypt gas payment: CEO
MANAMA: UAE energy firm Dana Gas said on Monday that its overdue receivables from Egypt for the gas delivered there has risen to around $200 million from $180 million previously and added that it was optimistic payments were coming. "The payments were delayed in the previous months but now we are optimistic they are coming," …