Dana Gas

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Recent Articles

• 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.

• Crescent, Dana reveal plans to set up 'gas cities'3 November 2008

  Joint venture eyes large-scale projects in Middle East, North Africa.

• Sharjah's Dana makes third Egyptian gas discovery15 October 2008

  UAE-based company announces gas and condensate find in Qawasim formation.

• Iraq project steams ahead in record time8 October 2008

  Dana and Crescent start production, processing and transport.

• Crescent begins gas production in Iraq's Kurdish region4 October 2008

  First phase of 2007 deal with Kurdistan regional gov't now producing 75mn cubic feet/day.

• Dana Gas posts 17% rise in Q2 profits15 August 2008

  Middle East's largest natural gas firm also announces 28 percent spike in revenues, expansion plans.

• Crescent to supply gas to Iraq's Kurds29 July 2008

  Crescent Petroleum and affiliate Dana Gas to begin supplying natural gas in Iraq's Kurdish region.

• Iran-UAE gas deal 'will be finalised'28 July 2008

  Crescent Petroleum remains optimistic over long-running negotiations for importing natural gas.

• Abu Dhabi bourse trebles trading performance9 July 2008

  Stable and sustainable market helps ADX to achieve huge growth in trading.

• Dana Gas announces Egypt oil find29 June 2008

  UAE-based firm confirms media report about its first find in North African country this year.

• Crescent to import Iran gas in 3 months 19 June 2008

  UAE's Crescent Petroleum to start importing gas from Iran's offshore Salman Field in Sept.

• Dana Gas investment to top $500mn this year18 May 2008

  UAE-based energy firm working on projects in Northern Iraq, Egypt and UAE.

• Record oil prices lift Dana Gas profit 15 May 2008

  UAE firm posts first-quarter net profit of $6.81mn for oil and gas production, up 19% from 2007.

• Abu Dhabi bourse plans Asia roadshow8 April 2008

  Some of emirate's biggest listed companies to accompany stock market on public relations drive.

• Dana Gas to drill 19 wells in Egypt in 20081 April 2008

  The UAE'S natural gas company, Dana Gas recently announced an exploration and development program, which will involve the drilling of 19 new wells in Egypt during 2008.

• Dana Gas to drill 19 new wells in Egypt30 March 2008

  Company says 'aggressive' exploration plan could potentially double the size of its reserves.

• UAE Dana Gas to pay no dividends13 March 2008

  Abu Dhabi-listed gas company eyes investments instead of payouts from its 2007 earnings.

• UAE talks trade with Iran18 February 2008

  Sheikh Mohammed meets Iranian President to discuss economic ties during landmark visit to Tehran.

• Dana Gas to invest $500mn in Egypt, Iraq28 January 2008

  Sharjah-based firm looking to boost output of natural gas, eyeing entry into Algeria.

• Dana Gas signs up to emissions trading scheme28 January 2008

  Dubai Multi Commodities Centre (DMCC) and EcoSecurities have formed a strategic alliance agreement with Dana Gas and Crescent Petroleum of Sharjah, to develop emissions reduction projects in the oil and gas sector, under the Kyoto Protocol's Clean Development Mechanism (CDM).

• Iran signals end to two-year gas dispute6 December 2007

  NIOC to start supplying natural gas to UAE-based Crescent Petroleum by September next year.

• Dana bumps up sukuk size a second time21 October 2007

  UAE energy firm ups size of Islamic bond sale to $1bn to take advantage of demand.

• Dana sells $875mn of Islamic bonds7 October 2007

  UAE energy firm delayed sale in July after defaults on US home loans triggered a global credit crisis.

• Dana discovers oil in South Egypt3 September 2007

  UAE-based energy firms finds oil field in far south of Egypt, could contain eight million barrels of crude.

• Middle East survives credit crunch1 September 2007

  Global crisis has minimal effect on regional liquidity.