Dana Gas

UAE's Dana Gas to pump $100M investments in Egypt during 2 years

Mon, 13 Feb 2023 - 05:17 GMT

Allman said in a TV interview that his company is interested in the bids that Egypt intends to put up soon for oil and gas exploration.

Payments received from Egypt, Kurdistan rose to $69M: Dana Gas

Wed, 11 May 2022 - 05:22 GMT

the contributions of Egypt and the Kurdistan region of Iraq out of the total payments received to the company amounted to 62 million dirhams, equivalent to $17 million in Egypt, and $191 million dirhams, equivalent to 52 million in Iraq.

UAE's Dana Gas receives $24M of its dues in Egypt

Wed, 09 Feb 2022 - 04:01 GMT

The reduction of the amounts owed to Dana Gas in Egypt, along with the unpaid payments in the Kurdistan region of Iraq, contributed to strengthening the company's balance sheet.

UAE's Dana Gas receives $125M from its operations in Egypt within 9 months

Wed, 06 Oct 2021 - 02:24 GMT

Dana Gas indicated in a statement that it received $125 million (458 million dirhams) during the first nine months of 2021, marking an increase of 136 percent compared to $53 million (195 million dirhams) during the same period in 2020.

Dana Gas sells its assets in Egypt for $236M

Sun, 25 Oct 2020 - 11:57 GMT

IPR is a leading private E&P operator in Egypt, with 9 active concessions, and over 3 decades of expertise in enhancing the recovery of mature producing oil and gas fields.

Dana Gas reviews latest drilling program in Egypt

Sun, 28 Jul 2019 - 11:40 GMT

Merak-1 well was drilled to a total depth of 3,890 meters and encountered 46 m of sand in the Miocene objective interval but did not encounter commercial hydrocarbons.

UAE Dana Gas receives $48 million from Egypt in June

Mon, 01 Jul 2019 - 10:50 GMT

Dana Gas has announced that it received payments of $48 million (AED177 million) from its operations in Egypt in June, WAN news agency reported on Sunday.

Dana Gas to drill in what says could be Egypt's next mega gas field

Wed, 13 Feb 2019 - 05:12 GMT

“If the geology works out the way that we think it will, then in the success case it could be a 4-6 trillion cubic feet gas reserve,” Allman-Ward said

Dana Gas gets $44.3M payment from Egypt

Mon, 31 Dec 2018 - 09:47 GMT

This payment, done on December 29, is made up of an additional $35 million industry payment from the government and $9.3 million from the sale of 157,350 barrels of El Wastani condensate, with both payments in US dollars.

Egypt upgrades paid amount to Dana Gas to $152M

Tue, 18 Dec 2018 - 11:34 GMT

The UAE-based Dana Gas (DANA) announced the receipt of $20 million from the Egyptian government as a part of the company’s receivables.

Egypt pays $40M to Dana Gas

Mon, 28 May 2018 - 10:10 GMT

The total paid amount was upgraded to $88.8 million during 2018.

Dana Gas plans $47 mln capex in Egypt this year: CEO

Thu, 15 Mar 2018 - 01:35 GMT

“Capex (capital expenditure) of similar amount will be spent this year,” CEO Patrick Allman-Ward told reporters on a media call. The capex in 2017 was $47 million.

Egypt’s 10 concessions to drill for gas in Mediterranean Sea

Thu, 22 Feb 2018 - 12:36 GMT

Egypt's natural gas reserves in the Mediterranean and the Nile Delta reach about 122 trillion cubic feet of natural gas.

MIDEAST STOCKS-Region may rebound slightly as global bourses firm

Wed, 07 Feb 2018 - 07:23 GMT

Middle Eastern stock markets may rebound slightly on Wednesday after global bourses regained some strength.

Gulf mostly quiet, Dana Gas leaps in Abu Dhabi

Mon, 25 Dec 2017 - 08:18 GMT

Abu Dhabi’s index gained 0.5 percent as Dana jumped 11.8 percent.

MIDEAST STOCKS-Gulf rises in early trade as crude oil scales two-year highs

Tue, 26 Sep 2017 - 09:15 GMT

Stock markets in the Gulf rose early on Tuesday as crude oil prices climbed to a two-year high.

AMOC targets LE 1.1B profits in FY2017/18: Chairman

Mon, 25 Sep 2017 - 01:25 GMT

AMOC is waiting for the approval of the Egyptian General Petroleum Corporation (EGPC) to buy condensates from the UAE’s Dana Gas, the chairman said.

Dana Gas shares may cool ahead of court hearings

Wed, 20 Sep 2017 - 07:42 GMT

A London High Court judge on Tuesday adjourned a trial on Dana Gas and its creditors until Thursday.

Investors in $700 mln sukuk issued by UAE's Dana Gas propose restructuring

Thu, 14 Sep 2017 - 08:37 GMT

Holders of about $700 million of Islamic bonds issued by Abu Dhabi-listed Dana Gas have submitted a restructuring plan to the company’s management.

Dana Gas soars on Kurdistan deal, rest of UAE quiet

Mon, 04 Sep 2017 - 09:33 GMT

$1.24 billion will be reclassified from debt owed by the government to outstanding costs.