Dana Petroleum

Oil & Gas

Dana Petroleum’s Western Isles project is all about the ‘long game’


Dana Petroleum has said it is playing “the long game” on its flagship Western Isles project after confirming cost overruns had reached $400million. First oil on the project has been pushed back until 2017 after it emerged the project price tag has reached $2billion. A spokesman for the firm stressed the majority of the costs could be attributed to ensuring safety standards are met in the development of the project’s FPSO.

Oil & Gas

Job fears at Dana after Koreans axe four top bosses

Four top bosses have been sacked by Dana Petroleum in a brutal restructure which has staff fearing for their jobs. The oil and gas firm confirmed last night that it has “removed” four managing directors, including Paul Griffin, chief of its UK operations. Netherlands boss Nick Dancer, Egypt boss Paul Barnett and Africa boss John Downie have also gone.