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Tag: Dana Gas
Dana Gas

Dana Gas considers multiple scenarios for sale of Egypt assets

Posted: September 15, 2019 at 1:20 pm   /   Oil & Gas

Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE’s Al-Ittihad newspaper on Wednesday. Speaking on the sidelines of the World Energy […]

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Dana Gas

Dana Gas receives offers for its $500 million Egypt portfolio of assets

Posted: September 12, 2019 at 7:04 pm   /   Oil & Gas

The UAE’s Dana Gas has received offers from companies interested in buying its USD 500 million Egypt portfolio, the company’s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the deadline to receive offers is […]

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Dana Gas

UAE’s Dana Gas abandons Merak well, hires adviser to sell Egypt assets

Posted: July 29, 2019 at 3:38 pm   /   Oil & Gas

United Arab Emirates’ Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdistan operations. The Abu Dhabi-listed energy producer – whose main assets […]

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Peterson

Peterson, Pan Marine team up to support deepwater Merak well offshore Egypt

Posted: July 24, 2019 at 1:20 pm   /   Oil & Gas

Egypt-based Pan Marine and energy logistics provider Peterson have joined forces in the Egyptian market and their first contract was for the provision of supply base management in Abu Qir to end client Dana Gas. Peterson said that the service included logistics management for all supply base work at Abu Qir Port and the provision […]

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Vantage

ADES, Vantage JV to drill deepwater well for Dana Gas in Egypt

Posted: March 10, 2019 at 9:14 am   /   Oil & Gas

ADES International Holding has entered a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian sector of the Mediterranean Sea. Vantage’s Tungsten Explorer drillship will drill one firm well under the contract, with an option to drill a further three wells. The initial program is set to take 77 days to […]

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Iman Hill

Energean Oil & Gas appoints Iman Hill as Chief Operating Officer

Posted: October 3, 2018 at 2:15 pm   /   Oil & Gas

Energean Oil & Gas PLC said on Tuesday it has appointed Iman Hill as chief operating officer with effect November 1. Hill is currently technical director and president Egypt for Dana Gas PJSC since 2015. Prior to this she, was part of Sasol Petroleum International for three years from 2012 to 2015, leaving as vice […]

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Dana Gas

Egypt repays $40 million in dues to UAE’s Dana Gas

Posted: May 29, 2018 at 2:02 pm   /   Oil & Gas

The UAE’s Dana Gas announced yesterday that it received USD 40 million in payments from the Egyptian government, bringing total dues received so far in 2018 up to USD 88.8 million. The funds will mostly be used to bolster Dana’s liquidity, allowing the company to pursue a number of projects in its pipeline, which include […]

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Dana Gas to spend $47 million CAPEX in Egypt this year, CEO says

Posted: March 18, 2018 at 4:31 pm   /   Oil & Gas

United Arab Emirates-based energy firm Dana Gas will spend $47 million in Egypt this year but any new investments will be made only if the country pays some of the money it owes, Dana’s chief executive said on Thursday. Abu Dhabi-listed Dana has been struggling to recover payments from Egypt, with total “receivables” related to […]

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Dana Gas received $10.4 million from sale of Egyptian gas condensate

Posted: March 5, 2018 at 5:56 pm   /   Oil & Gas

Dana Gas received USD 10.4 million last month from the sale of Egyptian natural gas condensate as part of a plan to recover outstanding receivables, the company disclosed to the ADX. Dana Gas sold 157,200 bbl of El Wastani condensate at an average price of USD 66.5 per bbl. “The sale marks the fourth cargo […]

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Dana Gas

Dana Gas receives $164m in arrears from Egypt in 2017

Posted: February 13, 2018 at 4:12 pm   /   Oil & Gas

Dana Gas said that its receivables from Egypt stood at $164m in Egypt in 2017, accounting for 129% of billings, according to a filing to the Abu Dhabi Securities Exchange (ADX). Accordingly, Dana’s total receivable balance in Egypt fell 14% to $228m last year from $265m. Last week, Egypt’s Finance Minister Amr El-Garhy said the […]

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