Dana Gas

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Recent Articles

• UAE's Dana Gas posts 64% higher Q3 gross profit12 November 2009

  Natural gas firm records AED359m ($97.74m) revenues in Q3, which is up 12%.

• UAE's Dana, Crescent plan $60bn gas city in Iraq14 October 2009

  Firms have costed development of Akkas field, from where gas could be taken, at $8bn.

• Dana Gas announces two new gas finds in Egypt13 October 2009

  UAE-based firm says new finds have reserves totalling an estimated 86 billion cubic feet.

• Dana, Crescent to build Yemen "gas city"9 September 2009

  UAE firms' project could lead to $15-20 billion of investment over 25-30 years.

• Dana Gas Q2 profit surges on Kurdish Iraq ops15 August 2009

  UAE firm posts  a Q2 net profit of AED392m ($106.7m); more than 11-fold YoY rise.

• Dana Gas confirms more finds1 August 2009

  Sharjah-based explorer's latest gas discoveries add to reserves in Egypt's Nile Delta region.

• Dana Gas Sondos field 'exceeding expectations'11 July 2009

  Project's schedule fast-tracked by tying two wells into the existing gas pipeline.

• Dana Gas to proceed with Kurdistan deal31 May 2009

  Decision by Sharjah-based exploration company comes despite rejection of deal by Baghdad gov't.

• Kurdistan could be 'transforming' for Dana Gas - analysts19 May 2009

  Company could be a major player if Kurdish-European gas deal is realised.

• Saudi market closes at highest level in 6 months19 May 2009

  UPDATE 9: Abu Dhabi bourse bolstered by 6.38% rise in Dana Gas.

• Iraq rejects Kurdish pipeline plan18 May 2009

  Western-backed project dealt blow as any deals must go through Iraq's federal Ministry of Oil, says Baghdad.

• Abu Dhabi market closes higher thanks to Dana Gas deal 18 May 2009

  UPDATE 6: Oman, Saudi, Qatar, Bahrain all close higher at end of Monday trading.

• Russians dismiss Dana Gas deal17 May 2009

  Consortium, including Crescent and Dana Gas, intends pumping gas from Kurdistan through to Europe.

• UAE firms to pump gas from Kurdistan for EU pipeline17 May 2009

  Consortium of UAE, European firms will pump enough gas for Nabucco project.

• Most Arab markets edge lower after sharp Saudi decline17 May 2009

  UPDATE 7: Dubai, Abu Dhabi fell around 1%, led lower by banks and property.

• Dana Gas slips to AED32m Q1 loss16 May 2009

  Loss for Sharjah-based operator reflects finance and tax charges, coupled with lower energy prices.

• Dana Gas starts Egypt field production5 April 2009

  Sharjah-based firms starts operations at recent Al Basant discovery in Nile Delta.

• Dana Gas makes 'significant' gas discovery in Egypt23 February 2009

  The discovery is the fifth consecutive discovery by the company in Egypt.

• Crescent disputes changed Iran gas deal terms15 February 2009

  Gulf state wants UAE's Crescent Petroleum to alter gas delivery modes, besides price.

• UAE's Dana Gas posts 10% lower Q4 net profit 1 February 2009

  UPDATE 1: Sharjah-based company earns $9.53m Q4 net profit.

• Dana Gas moves ahead with Sharjah exploration28 January 2009

  Company says its plans for work on a 1,000 sq km concession in UAE are going ahead.

• Dana Gas finds more gas, condensate in Egypt12 January 2009

  UAE-based company's gas discovery will add over 200 billion cubic feet to its reserves.

• Dana Gas eyes 76% production boost despite slowdown7 January 2009

  UAE-based producer says it has ambitious expansions plans in pipeline for 2009.

• Dana Gas finds new hydrocarbon reserve in Egypt30 December 2008

  Sharjah-based firm says latest discovery is part of successful year amid global crisis.

• Dana Gas profit climbs 18%15 November 2008

  UPDATE 1: Abu Dhabi firm sees Q3 net income increase to $7.08mn, coming in line with analyst forecasts.