Saturday 10 December 2016
 
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Dana Gas

Dana Gas Q3 profits up at $13m

Dana Gas, the Middle East’s largest regional independent natural gas company, today reported a third quarter net profit of $13 million, compared to a net loss of $9 million in the corresponding period in 2015. The nine-month

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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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Dana Gas Q1 net profit halves to $6m

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

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Dana Gas says no deal with Iran on gas imports

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. How

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Gas project brings big benefits to Kurdistan

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

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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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Dana Gas 2015 net profit up 15pc

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

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Dana Gas makes key senior appointments

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

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Dana Gas to slash office workforce by 40pc

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

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Dana Gas eyes over $11bn Kurdistan damages

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

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