Dana Gas, the Middle East's leading regional private sector natural gas Company, announced today that it has received from the Egyptian Government authorities the payment of AED 194 million (US$ 53 million) from the current total ...
Tags: Dana Gas, AED, Egyptian Government, Investment
Dana Gas, the Middle East’s leading regional private sector natural gas company, announced today that Adyard Abu Dhabi, a subsidiary of Interserve plc, has been awarded a $17 million contract for the fabrication of an offshore ...
Dana Gas, the Sharjah based producer, has made two new gas discoveries in the Nile Delta basin. Successful drilling at the two wells, located near existing Dana operations, will increase the company's proven reserves by at least 17 ...
Tags: Dana Gas, gas discoveries, gas, gas industry
Reuters reported that Dubai listed Drake and Scull helps lift the emirate's bourse after the firm's JV won a new contract in Saudi Arabia valued at SAR 2.7 billion. Shares in DSI rise 1.6%. The contractor and engineering firm along with ...
Tags: Etisalat recovers, telecom operator, telecom, Etisalat
Dana Gas has announced the detailed terms, conditions and implementation information for the refinancing transaction in relation to its USD 1 billion 7.5% Sukuk al Mudarabah due on October 31. The lock up and standstill agreement has been ...
Tags: Dana Gas, Gas, debt refinancing
Trade Arabia reported that UAE based Dana Gas has reached a lock-up and standstill agreement with bondholders to restructure USD 920 million Islamic bond by reducing the debt to USD 850 million via USD 70 million cash. Dana said that the ...
Tags: UAE, Dana Gas, Metallurgy, Gas
Reuters reported that Dana Gas has received USD 48 million in overdue payments for fuel supplied in Kurdistan. Delays in getting paid for operations in both Kurdistan and Egypt have contributed to Dana's financial problems which ...
Tags: overdue payments, oil gas industries, fuel oil plus, kurdistan iraq
Dana Gas, in talks to restructure USD 920 million Islamic bond is offering bondholders cash and an average 8 per cent coupon on two new sukuks to replace the existing one. Two sources said that the natural gas producer became the first ...
Tags: Dana, natural gas, Ashmore Group, BlackRock
The UAE's Dana Gas has signed agreements with the Sharjah and Ajman governments to develop a gas field located about 40 km offshore in shared territorial waters, the company said in a statement Thursday. The agreements include a ...