Thursday 25 May 2017
 
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natural gas

Dana Gas net profit soars 83pc in Q1

Dana Gas, the Middle East’s largest regional natural gas company, has posted a net profit of $11 million for the first quarter (Q1) of the year, as against $6 million during Q1 2016,marking an increase of 83 per cent. The co

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Japan extracts frozen gas from deep seabed

Japan has managed anew to successfully extract natural gas from frozen methane hydrate off its central coast, Pacific Ocean, the Japanese Ministry of International Trade and Industry announced on Thursday. The gas field is about 3

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Oil, gas to play major role in energy mix ‘for decades’

Oil and gas will continue to play a significant role in the future energy mix for decades to come as the world transitions to a sustainable energy future, president and CEO of Saudi Aramco Amin Nasser said at the World Economic Forum (WEF) in Da

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Natural gas seen bullish in H2: Barclays

Natural gas prices are likely to rise in the second half 2017,while copper and iron ore are broadly at fair value, said a commodity research report from Barclays, a British multinational banking and financial services company. &ld

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Turkey to cut gas prices by 10pc from Oct 1

Turkey will reduce the price of natural gas by 10 percent for domestic consumers and industrials from October 1, Energy Minister Berat Albayarak said on Thursday. Speaking in an interview with state-run broadcaster TRT Haber, Alba

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Dana Gas Q2 profit flat at $7m

Dana Gas, a leading natural gas company in the region, has reported a net profit of $7 million for the second quarter (Q2) of the year, similar to the $7 million in Q2 2015. Revenue was $96 million (Dh351 million) as compared to $

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Egas to rent 500m cu ft gasification ship

The Egyptian Natural Gas Holding Company (Egas) plans to rent a gasification ship located in Jordan with a daily capacity of 500 million cu ft of gas, a report said. Egas will host the ship next year in a private port controlled b

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Dodsal Group makes big Tanzania natural gas find

The Dubai-based Dodsal Group has made a major natural gas discovery in Tanzania and plans to invest an additional $300 million in the country over the next 24 months to support exploration and production there, it said on Monday.

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Four firms bid to import gas for Egypt market

Four companies have applied to Egyptian Natural Gas Holding Company (Egas) seeking to import natural gas to supply to the domestic market through the national grid, a  report said. Egas in talks with the companies to provide

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Dana Gas begins production from Zora field

Sharjah-based Dana Gas, a leading regional private sector natural gas company in the Middle East, has commenced commercial gas production from the Zora Gas Field in the UAE. Initial project start-up was achieved on January 14 with

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