Egypt settles $21.5mln in Dana Gas dues as firm expands drilling after major gas discovery
Egypt has settled all overdue payments owed to Dana Gas and continues to make full and timely payments, the company…
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Dana Gas
Egypt’s Delta North El-Basant–1 drilling operation successful, yields 10 MMcf/d
Egypt has successfully drilled the North El-Basant-1 exploratory well in the Delta, producing around 10 million…
Egypt makes news oil, gas discoveries in Nile Delta
Egypt’s petroleum ministry said on Wednesday two new onshore natural gas discoveries had been made in the Nile…
Egypt, Dana Gas report new well success in onshore Nile Delta
Egypt’s Ministry of Petroleum and Dana Gas announced Wednesday promising results from the appraisal well Begonia-2…
Egypt’s Petroleum Minister visits Begonia-2 well in Delta
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, has inspected the start of a new gas drilling…
Dana Gas to expand investments in Egypt’s energy sector
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, held talks with Richard Hall, CEO of Dana Gas,…
UAE’s Dana Gas in talks with Egypt to extend its right on Block 6 concession
Dana Gas - based in UAE is in talks with the Egyptian government seeking to extend its right on the Block 6 North…
UAE’s Dana Gas receives $39 million from Egypt in Dec
United Arab Emirates energy firm Dana Gas said on Wednesday it had received a payment of $39 million (AED 143…
Dana Gas payments from Egypt, Kurdistan climb 86% on higher oil prices
United Arab Emirates energy firm Dana Gas said on Monday payments from operations in Egypt and the Kurdistan Region…
Dana Gas says payments from Egypt, Kurdistan doubled on higher commodities prices
United Arab Emirates energy firm Dana Gas said on Wednesday its payments from operations in Egypt and the Kurdistan…
UAE’s Dana Gas to continue operating Egypt assets after winning arbitration case
The London Court of International Arbitration has ruled on July 19 in favour of United Arab Emirates energy firm…
Dana Gas decides against selling its Egyptian assets
Dana Gas has terminated its agreement to sell its Egyptian assets, as a number of conditions precedent to the…
Dana Gas posts $376 million 2020 net loss amid impairments on Egyptian assets
United Arab Emirates energy firm Dana Gas said it posted a 2020 net loss of $376 million compared to a net profit…
Dana Gas sells Egypt assets to IPR for $236 million
United Arab Emirates energy firm Dana Gas agreed on Sunday to sell its Egyptian oil and gas fields to…
UAE’s Dana Gas negotiating with IPR energy on sale of Egypt assets – sources
The United Arab Emirates-based energy producer Dana Gas is in talks over details of a sale of its Egyptian assets…
Dana Gas to use proceeds from Egyptian assets to repay sukuk
Dana Gas seeks to use the proceeds from its Egyptian assets, which the United Arab Emirates-based company has been…
UAE’s Dana Gas says received some bids for its Egyptian assets
UAE-based Dana Gas announced on Wednesday it had received bids from a number of companies seeking to buy its assets…
UAE’s Dana Gas says received $105 mln from Egypt operations in 9 months
United Arab Emirates’ Dana Gas has received payments of $105 million from its operations in Egypt during the first…
Oil Ministry not notified about Dana Gas’ Egypt asset sale plans
Egypt’s Ministry of Petroleum has not been notified of Abu Dhabi-listed energy producer Dana Gas’ plans to sell its…
UAE’s Dana Gas hires adviser to sell its Egyptian assets
United Arab Emirates’ Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. to advise it on the sale…
UAE’s Dana Gas receives $48mn payments from Egypt in June
UAE-based Dana Gas has announced that it has received payments of $48 million (AED177 million) from its operations…
Dana Gas starts offshore drilling in Egypt
Dana Gas started drilling operations on 20 May at its Merak-1 well, offshore Egypt. The location is in 755 m of…
Dana Gas to drill Egypt’s second largest gas field
UAE-based Dana Gas will start drilling in an area in 2019 that could become the second largest Egyptian natural gas…
Dana Gas receives $44.3mn additional payment from Egypt
Dana Gas, Middle East’s largest regional private sector natural gas firm, received an additional payment worth…
Dana Gas receives $20 million from Egypt
Dana Gas, Middle East’s largest regional private sector natural gas firm, has received $20 million from the…
Gulf mostly quiet, Dana Gas leaps in Abu Dhabi
Gulf stock markets were mostly quiet in thin, early trade on Monday although Abu Dhabi-listed Dana Gas jumped…
Markets may consolidate, UK sukuk ruling could hit Dana Gas
Gulf stock markets look set to consolidate with little upside on Sunday while a British High Court ruling on $700…
Investors in $700 mln sukuk issued by UAE’s Dana Gas propose restructuring
Holders of about $700 million of Islamic bonds issued by Abu Dhabi-listed Dana Gas have submitted a restructuring…
Savola and Almarai drag down Saudi index, Dana Gas up
Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was…
UAE’s Dana Gas to use AGR software for deepwater exploration in Egypt
Global energy services and technology company (AGR) has signed a SaaS (Software as a Service) contract with Dana…
UAE’s Dana Gas receives overdue $40 million additional payment from Egypt
Sharjah-based Dana Gas said Wednesday it has received an additional $40 million (AED 147 million) from the Egyptian…
UAE’s Dana Gas receives overdue $20 million additional payment from Egypt
Sharjah-based Dana Gas said Sunday it has received an additional $20 million (AED 74 million) from the Egyptian…
UAE’s Dana Gas receives overdue $50 million payment from Egypt
Sharjah-based Dana Gas said Thursday it received $50 million from the Egyptian government as partial payment of…
UAE’s Dana Gas says freezes new Egypt investments over debts
Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, its chief…
Dana Gas plans raising Wastani gas production in Egypt to 235m ft3/d
Emirati-based Dana Gas targets raising production capacity of its local partner in Egypt, El Wastani Petroleum…
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…
Emirati Dana Gas oil production in Egypt hikes to 36,550 BOE/D
The current production of the Emirati oil and gas firm Dana Gas in Egypt is estimated at around 36,550 barrels of…
UAE’s Dana Gas profit flat, bond gain help offset oil price decline
UAE-based energy firm Dana Gas said on Thursday it posted flat second-quarter profit as low oil and gas prices were…
Dana Gas profit drops 50% as output in Egypt to Iraq declines
Dana Gas PJSC, which produces natural gas in Egypt and Iraq, reported a 50 percent fall in first-quarter profit as…
Gulf stock markets rose as oil nears $39 at early Sunday trade
Rising oil prices boosted stock markets in the Gulf at early trade on Sunday, with construction firm Arabtec…