Abu Dhabi-listed energy firm Dana Gas reported a 50 per cent drop in first-quarter profit on Wednesday that it blamed on lower hydrocarbon prices and reduced output in Egypt and Kurdistan.
Dana made a net profit of $6 million in t
The United Arab Emirates' Dana Gas has not been able to reach an acceptable deal with Iran on natural gas imports into the UAE, and an arbitration process will continue, chief executive Patrick Allman-Ward said on Tuesday.
A $1.2 billion investment by UAE’s Dana Gas and Crescent Petroleum in the Kurdistan region of Iraq has enabled fuel cost savings of $16 billion to the region and yielded further downstream economic benefits of $10 - 15 billion, a report sa
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
UAE-based Dana Gas, a leading natural gas company, has announced that its net profit in 2015 increased 15 per cent to $144 million (Dh528 million), compared to $125 million (Dh457 million) in 2014.
The company reported gross
Dana Gas, the Middle East's leading publicly listed natural gas company, has announced some key senior management appointments.
Chris Hearne has been appointed as the chief financial officer. Prior to joining Dana Gas, H
Abu Dhabi-listed Dana Gas aims to slash its head office workforce by 40 percent and cut general and administrative costs by half between 2015 and early 2016, its chief executive said on Tuesday.
The energy company will continue to
Dana Gas said it and two other companies still had claims against the Kurdistan Regional Government (KRG) estimated at more than $11 billion, mainly for what they argue to have been wrongful interference in their rights over two fields in the Ir
The government of Iraq's Kurdistan region said it would continue to pursue huge financial claims against a consortium including Dana Gas, after the UAE company announced it had won an arbitration award in their long-running dispute.
A London court, ruling in a dispute that dragged on for six years, has ordered the Kurdistan Regional Government (KRG) in Iraq to pay $1.98 billion to a consortium including Dana Gas of the UAE, Dana said on Sunday.
A tribunal of