Dana reaches Egyptian sale, warns of impairment
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
Dana Gas
Dana signs up financing for sukuk payment
Dana Gas has signed up a $90 million corporate facility from Mashreq Bank, allowing it to redeem its sukuk when it falls due at the end of the month.
Dana considers demerger, sukuk payment
Dana Gas has taken a step towards splitting its upstream and midstream businesses off from each other, following approval for the plan from its shareholders at an AGM vote.
Dana tots up Egyptian offers
Dana Gas has received a number of bids for its Egyptian portfolio and will come to a decision by the end of March.
Dana Gas blocked from taking part in London trial
A High Court fight featuring only one combatant is due to start next week.
Dana Gas faces restructuring talks with bond holders
Dana Gas, the Middle East's largest regional independent natural gas company, is facing restructuring talks with Islamic bond holders.
Dana Gas may seek to roll over part of $700million Islamic bond
Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said.
Profits flat at Dana Gas as oil price slump slows earnings
Second quarter profits were flat at Dana Gas as low oil prices hit earnings, the UAE-based energy firm said today.
Dana Gas CEO expects ‘bumpy road’ for oil as shale sets floor
The oil market is heading for a “bumpy road” with prices close to levels that are profitable for U.S. shale producers, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC, which produces natural gas in Egypt and Iraq.
Dana Gas sees ‘financially challenged’ fourth quarter after loss
Dana Gas PJSC, the United Arab Emirates- based energy company operating mostly in Egypt and Iraq, expects low oil prices to remain a challenge into next year after the company reported a quarterly loss.