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Deepwater Egypt Contract Goes to ADES-Vantage JV
The Tungsten Explorer drillship. PHOTO SOURCE: Vantage Drilling International
7:00 PM EST | March 07, 2019
Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today
A Middle Eastern energy company that has questioned the lawfulness of its own sukuk won't settle the debt owed to investors, according to sources.
8:00 PM EST | October 30, 2017
Dana Fight With BlackRock to Start Despite UAE Court Order
A London lawsuit over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC will go ahead despite a last-minute United Arab Emirates court order.
8:00 PM EST | September 18, 2017
UAE's Dana Gas to Review Egypt Investment If Not Repaid Dues
Dana Gas will review its 2017 investment plans for Egypt if the North African country doesn't repay the full amount it owes the United Arab Emirates-based energy firm by the end of the year.
7:00 PM EST | November 08, 2016
Dana Gas CEO Sees 'Bumpy Road' for Oil as Shale Sets Floor
The oil market is heading for a "bumpy road" with prices close to levels that are profitable for US shale producers, according to Patrick Allman-Ward, CEO of Dana Gas PJSC, which produces natural gas in Egypt and Iraq.
8:00 PM EST | May 31, 2016
CEO: Dana Gas To Slash Costs And Cut Staff
Dana Gas aims to slash its head office workforce by 40% and cut admin costs by half between 2015 and early 2016, according to its CEO.
7:00 PM EST | January 11, 2016
UAE's Dana Gas Extends Earnings Slump; 2Q Profit Plunges 85%
Dana Gas says a sustained slump in oil prices and lower production is to blame as it reports a sharp fall in earnings for a third straight quarter.
8:00 PM EST | August 12, 2015
BP to Pay Some Exploration Costs for UAE's Dana Gas in Egypt
Dana Gas signs agreement for BP to pay for part of its exploration costs in the El Matriya onshore concession area in Egypt.
8:00 PM EST | June 01, 2015
UAE's Dana Gas Blames Oil Prices, Egypt Charge for 4Q Loss
UAE-based energy firm Dana Gas reports a fourth-quarter loss Thursday that the company blames on lower oil prices and a fall in value of its Egyptian oil and gas assets.
7:00 PM EST | February 04, 2015
Dana Gas to Use $60M Repaid by Egypt for Local Investments, Operations
Dana Gas will channel the $60 million repaid by the Egyptian government to the firm for future investment requirements and operational expenses in Egypt.
7:00 PM EST | February 01, 2015
Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments
The collapse in oil prices may delay the efforts of UAE-based Dana Gas to recover overdue payments from Egypt, say its CEO.
7:00 PM EST | January 13, 2015
Dana Gas Paid $60M by Egyptian Government
Egypt's government pays Dana Gas $60 million of $212 million overdue payments.
7:00 PM EST | January 04, 2015
Egypt Awards BP Two New Exploration Blocks
BP wins two new exploration blocks as a result of Egypt's 2013 EGAS bid round.
7:00 PM EST | November 09, 2014
Dana Gas Successful in Bids for 2 Onshore Concessions in Nile Delta
Dana Gas succeeds in bidding for North El Salhiya (Block 1) and El Matariya (Block 3) onshore concessions in the Nile Delta, Eqypt.
8:00 PM EST | September 28, 2014
Dana Gas Says To Recover Overdue Egypt Payments By 2018
UAE firm Dana Gas expects to recover the vast majority of overdue payments from the Egyptian government by 2018.
8:00 PM EST | August 05, 2014
UAE's Dana Gas Says Wins Right to Some Payments from Iraqi Kurdistan
An arbitration tribunal awards Dana Gas the right to receive some outstanding payments from the Kurdish government.
8:00 PM EST | July 12, 2014
Dana Proceeds with First Offshore Exploration Block in Egypt
Dana Gas signs a deal that will see it explore the North El Arish (Block 6) Concession Area, its first block offshore Egypt.
7:00 PM EST | February 17, 2014
Egypt Signs Oil, Gas Exploration Deals Dana, Edison, Petroceltic
Egypt signs gas and oil exploration deals with Dana Gas, Petroceltic International and Edison.
7:00 PM EST | February 12, 2014
Adyard Abu Dhabi Wins $17M Deal to Build Offshore Platform for Zora Project
Dana Gas awards a $17 million contract to Interserve's subsidiary Adyard Abu Dhabi to fabricate an offshore platform for the Zore field development off Sharjah, United Arab Emirates.
7:00 PM EST | November 17, 2013
Dana Gas Third-Quarter Net Profit Dips
UAE firm Dana Gas sees net profit dip amid delayed payments to its operations in Kurdistan and Egypt.
7:00 PM EST | November 03, 2013
PM: Egypt Owes Foreign Oil Companies $6B
Egypt says it is close to agreeing a schedule to repay $6 billion in outstanding debt to foreign oil companies.
8:00 PM EST | September 11, 2013
Dana Gas Appoints New CEO
UAE-based Dana Gas names Patrick Allman-Ward is its new CEO.
8:00 PM EST | July 08, 2013
Dana Sees 17% Jump in 1Q 2013 Profit
Dana Gas reports a 17-percent jump in the first quarter profit as it pre-qualifies for Lebanon's first offshore licensing round.
8:00 PM EST | May 13, 2013
Dana Inks Deal with Sharjah, Ajman to Develop Offshore Gas Field
Dana Gas, an independent energy firm based in the United Arab Emirates, inks agreements with the governments of Sharjah and Ajman to develop an offshore shared gas field.
7:00 PM EST | November 22, 2012
Dana Gas 3Q Profit Up on Higher Production
"Dana Gas continues to deliver strong performance and increases in profits driven by our successful operations, in spite of a globally challenging environment," said Mr. Ahmed Al Arbeed.
7:00 PM EST | November 13, 2011
Dana Gas Sees 20% Increase in 2010 Production
Dana Gas has announced that its annual production rate for 2010 increased 20% from last year at its Nile Delta Concessions in Egypt.
7:00 PM EST | January 03, 2011
Dana Gas, Crescent to Boost Gas Output in Kurdish Iraq by 50%
Dana Gas-Crescent JV will boost production capacity at its gas project in the Iraq's Kurdistan region by 50% within two years.
8:00 PM EST | October 04, 2010
Dana Gas Hits Paydirt in Nile Delta
The preliminary reserves estimate is in the range of 50 to 90 Bcf of gas, with 1 to 2 million barrels of associated condensate.
8:00 PM EST | September 05, 2010
Dana Gas Highlights '09 Financial, Operational Results
Dana Gas approved the company's activities and financial position for the Financial Year ending Dec. 31, 2009, the Auditors' Report for 2009, as well as the distribution of a dividend payment to shareholders on the basis of a 10% bonus share issue.
8:00 PM EST | April 25, 2010
Double Success for Dana Gas in Egypt
Dana Gas has made two gas discoveries in Egypt, which have added an estimated 35-70 billion cubic feet of gas reserves to the company's base.
7:00 PM EST | March 07, 2010
Dana Turns on Taps at Egyptian Concession
Dana Gas has announced first production from its West Qantara Concession in the Nile Delta from the Sama Field, which was put on stream in February five weeks ahead of schedule.
7:00 PM EST | March 07, 2010
Dana Gas Boosts Reserves by 40% Exiting 2008
Dana Gas reported that for the year ended December 31, 2009, the company increased production by 20%, reserves by 40% and sales revenues by 12%.
7:00 PM EST | January 31, 2010
Groundstar Enters Egyptian Asset Exchange
Groundstar Resources has entered into an asset exchange agreement with its partner in two Egyptian blocks.
7:00 PM EST | January 25, 2010
Sea Dragon Snaps Up 50% Stake in Egyptian Concession
Sea Dragon has signed a Farm-out Agreement with Dana Gas to acquire a fifty percent participating interest in, as well as jointly operate, the Komombo Concession, which contains the Al-Baraka oil field.
7:00 PM EST | January 12, 2010
Dana Gas Hits Paydirt in Egyptian Oil Concession
Dana Gas announced that the Al Baraka-4 well, drilled as an appraisal of the Al Baraka field in the Komombo Concession in southern Egypt, has discovered 16 meters of net oil pay in the Six Hills "E" reservoir.
7:00 PM EST | January 10, 2010
Dana Gas Achieves Quarterly Increase in Revenue for 3Q 2009
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ending September 30, 2009.
7:00 PM EST | November 15, 2009
Dana Gas Unlocks 86 Billion Cubic Feet of Gas Onshore Egypt
Dana Gas' two new discoveries, located in the Egyptian Nile Delta, will add a combined pay of 86 billion cubic feet of gas to the company's Egypt reserves.
8:00 PM EST | October 12, 2009
James Dewar Takes Reins as Dana Gas' CFO
Dana Gas has appointed James Dewar as Group Chief Financial Officer, effective October 1, 2009.
8:00 PM EST | September 14, 2009
Dana Gas Cites Significant Growth During Second Quarter
"Our numbers speak for themselves to the success of our operations. The second quarter of 2009 was marked by significant events for Dana Gas," said Chief Executive Officer, Mr. Ahmed Al-Arbeed.
8:00 PM EST | August 16, 2009
Dana Gas' New Discoveries Add 76 Bcf to Egyptian Reserves
Dana Gas made two more gas discoveries at its concessions in the Nile Delta, the combined pay of which adds an estimated 76 billion cubic feet to the company's Egyptian reserves.
8:00 PM EST | August 02, 2009
Dana Strikes Gas at Tulip-1 in Egyptian Nile Delta
Dana Gas discovered gas in the Nile Delta at its Tulip-1 well, which is set to add up to 30 billion cubic feet of gas to the company's Egyptian reserves.
8:00 PM EST | May 25, 2009
OMV Boosts E&P Portfolio with Investment in Kurdistan Region
OMV has acquired a 10% share in Pearl Petroleum and will participate in the appraisal, development and production of two large gas fields in the Kurdistan Region of Iraq.
8:00 PM EST | May 17, 2009
Dana Gas Commences Production at Al Basant in Egypt
Dana Gas started its first production from the recent gas and condensate Al Basant discovery in the West Manzala Concession in the Nile Delta region of Egypt.
8:00 PM EST | April 05, 2009
Dana Gas Unlocks Fifth Significant Discovery in Egypt
Dana Gas has made its fifth gas discovery in the Nile Delta, which has added 16 million barrels of oil equivalent to the company's Egyptian reserves.
7:00 PM EST | February 22, 2009
Dana Gas Scores Again, Hits Gas in Egypt's West Manzala
Dana Gas has made its second gas discovery of 2009 in the West Manzala Concession in the Nile Delta region of Egypt.
7:00 PM EST | February 15, 2009
Dana Gas Kicks Off Development at Sharjah Offshore Concession
Dana Gas is moving ahead with plans for the exploration and development of its Western Offshore concession in Sharjah.
7:00 PM EST | January 26, 2009
Dana's New Discoveries to Double Egyptian Gas Reserves
Dana's current drilling campaign in Egypt has led to yet another significant gas and condensate discovery at its Salma-1 well, which is set to add over 200 billion cubic feet of gas.
7:00 PM EST | January 12, 2009
Dana Gas Strikes Gas, Condensate in Egypt's Nile Delta
Dana Gas has announced a significant gas and condensate discovery at its El Basant-2 well in the Nile Delta Concession in Egypt.
7:00 PM EST | December 28, 2008
Dana Gas Makes Discovery at Al Tawil-1 Well in Egypt
Dana Gas has announced a gas and condensate discovery in its Egyptian concession, marking the third discovery in the Company's $170 million drilling campaign for 2008.
8:00 PM EST | October 14, 2008
Dana Gas Eyes First Gas from Northern Iraq in September
Dana Gas will start natural gas production from a gas field in northern Iraq in September and is preparing to drill appraisal wells at a second field next year.
8:00 PM EST | August 13, 2008